By Asghar Ali Mubarak
ISLAMABAD: The Federal Board of Revenue (FBR) has uncovered
money laundering worth Rs 1.40 billion.
According to a statement issued by FBR, the Directorate General of
Intelligence and Investigation Islamabad took action against a suspect who
was providing services under different business names.
According to the statement, the suspect could not give satisfactory answers
about various bank transactions and sources of income of Rs 1.1 billion. An accomplice of the suspect has also been found to have made suspicious bank
transactions of more than Rs 320 million.
The statement further said that the two persons were working together and
had more than 50 domestic and foreign bank accounts, in which suspicious
bank transactions of Rs 1.40 billion have taken place.
A complaint has been registered against the two under Section 8 of the
Anti-Money Laundering Act 2010. In another operation, 80 cartons of
counterfeit and non-duty paid cigarettes were seized during a raid in
Peshawar.
