KARACHI: The Customs Taxation & Anti-Smuggling Court Judge Syed Faiz Rasool Rashdi directed investigation officer to complete investigations against suspects namely Abaid-ur-Rahman of M/s Kontel Technologies Lahore and Shakil-ur-Rahman of M/s Comprehensive Business International Lahore and others regarding their involvement in money laundering.
During the hearing, investigation officer informed that above mentioned accused in connivance and collusion with other associates-in-crime have imported various consignments of nature purification filters / reverse osmosis members by way of concealing actual transaction value through submission of manipulated/ bogus/ fake/ forged invoices and evaded duty and taxes in the tune of Rs139,999,755.
He further informed that during the investigation, it was revealed that above mentioned suspects also involved in money laundering. He informed that Federal Board of Revenue nominated investigation officer for investigations and when completed, it will be produced before this court.
After the hearing, court directed him to complete investigation and produce progress report on next date of hearing.
Case was registered against Abaid-ur-Rahman of M/s Kontel Technologies Lahore and Shakil-ur-Rahman of M/s Comprehensive Business International Lahore and others for violation of under section 3 & 4 read with clauses (d) & (e) of section VI of schedule to Anti-Money Laundering Act, 2010 further under section 32 (1) & (2) and 32-A read with section 25, 79(1) of the Customs Act, 1969 further read with section 3, 6, 7A, and 34 of the Sales Tax Act, 1990 and section 148(1) of the Income Tax Ordinance, 2001 punishable under clauses (14) & (14A) of section 156 (1) of the Customs Act, 1969.
