ISLAMABAD: The Federal Board of Revenue has started registering cases against the individuals, named in Panama Papers leaks.
The Directorate of Intelligence & Investigation is registering cases of money laundering, income tax/sales tax evasion and violation of excise laws.
FBR spokesman Dr Iqbal, while talking to media, said that the Board is further enhancing investigations and registering cases against the accused people.
“In enforcement stage, penal action can be taken, penalties can be fixed and cases can be sent to special judge,” he said.
The FBR has registered a case against business tycoon Bashir Daud, owner of United Refrigerators Company, and his wife Maryam Daud, in for money laundering and has frozen their bank accounts worth Rs19 billion.
The FBR issued notices to hundreds of people, including Prime Minister Nawaz Sharif’s children – Hassan, Hussain and Maryam – in September.
In the notices served on over 400 individuals, the board had asked them to send within 30 days their replies regarding ownership of their offshore companies and sources of money to purchase them.
