| GEO World|
| US sanctions Al-Akhtar, Al-Rashid trusts|
| Updated at: 2350 PST, Thursday, April 15, 2010|
WASHINGTON: The US Treasury said Thursday it had imposed sanctions on two "high-profile" Pakistani trust fund chiefs allegedly linked to terrorism.
They were identified as Mohammed Mazhar, director of Al-Akhtar Trust, and Mufti Abdul Rahim, leader of Al-Rashid Trust, both Pakistani charities whose assets under US jurisdiction were frozen, the Treasury said in a statement.
Americans have also been prohibited from engaging in any transactions with them. Mazhar was accused of supporting the Al-Qaeda terror network and the Taliban militant group while Rahim was charged with funding the Taliban.
"Today's designation of these two high-profile financiers of Al-Qaeda and the Taliban, who are also leaders of Al-Akhtar Trust and Al-Rashid Trust, further exposes those organizations' continuing support for terrorism under the guise of charitable activity," said Treasury under secretary for terrorism and financial intelligence Stuart Levey.