US declare a Lahore-based money-changer a “global terrorist”

US declare  a Lahore-based money-changer a “global terrorist”

The US labelled a Lahore-based money-changer a “global terrorist” Wednesday, saying he provided financial services to militant group Lashkar-e-Taiba, blamed for the deadly 2008 attacks in Mumbai as reported by news agencies.

The US Treasury said Muhammad Iqbal, who owns and runs the Asma Money Exchangers in Lahore, conducts financial transactions on behalf of Lashkar-e-Taiba and its affiliates.

It said he is a founding member and finance secretary of the charity Falah-i-Insaniat Foundation, which the US named as a front for Lashkar-e-Taiba in 2010. In this role and as owners of Asma Money Exchangers, Iqbal solicited donations for and sent money to officials of Lashkar-e-Taiba, it said.

“As a result of today’s action, all property and interests in the United States or in the possession or control of US persons in which Iqbal and Asma Money Exchangers have an interest are blocked, and US persons are prohibited from engaging in transactions with them,” the Treasury said.

Lashkar-e-Taiba was blamed for the 2008 attacks by gunmen in Mumbai which killed 166 people and triggered a complete breakdown in ties between New Delhi and Islamabad.