–These accounts were involved in transactions of billions of US dollars
After the Federal Board of Revenue (FBR) approached it with a complaint, a Karachi court on Wednesday directed the attachment of 20 bank accounts for 30 days over their alleged involvement in an illicit transfer of foreign exchange, money laundering and benami accounts
According to reports, the attached bank accounts include Pervez Ali, his daughters Sara and Anum, and son Jibran — who had transferred over $400,000 abroad. A case has been registered against the suspects based in Karachi.
As per the application, the family had opened eleven bank accounts in 2016 for the purpose of money laundering, transferring a total of $494,500 hitherto.
FBR said that the suspects had already conducted transactions “worth billions of rupees” and in order to secure national revenue, the bank accounts in all three cases should be attached.
One of the 20 accounts was held by certain Muhammad Ibrahim of Bhutto Colony. The account was used for transactions of Rs454 million from July 1, 2015 until June 30, 2018.
Additionally, eight benami accounts, which were used for transactions of over Rs8 billion, are also included in the accounts. Four traders were accused of tax theft of over Rs1.26bn over the course of five years.
The investigation officer told the court that benami accounts were used for the business of paint shops, transporters, oil and spare parts.