Pakistan`s MQM party leader Altaf Hussain `held in London:` Reports

London: The leader of Pakistan`s MQM party, Altaf Hussain, has been arrested in London on suspicion of money laundering, reports said Tuesday.

Police said only that a 60-year-old man had been detained at a residential address in northwest London and officers were searching the building. "Officers have this morning arrested a 60-year-old man on suspicion of money laundering," a statement from the Metropolitan Police said. Hussain has lived in Britain since the early 1990s, and has said his life could be in danger if he returns to Pakistan. The Muttahida Qaumi Movement (MQM) has its power base in the violence-wracked city of Karachi.