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Home Breaking News

Customs Court attaches 20 bank accounts in property allegedly involved in money laundering case

byM.B. Rana
24/02/2020
in Breaking News, Karachi, Latest News
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KARACHI: The Customs Court issued bail-able warrants against suspect namely Muhammad Mansha son of Muhammad Anwar, proprietor of M/s Malik Brothers Logistics, M/s ABL Shipping Co and M/s Malik Brothers Technologies Services who was booked in a case of tax evasion and money laundering of Rs1,070,593,310.

On 22 February2020, during the hearing, complainant has pointed out that he is working as assistant director audit, directorate of intelligence & investigation inland revenue, Karachi. Hence he is public servant within the meaning and definition of section 21PPC, therefore his statement under section 200 Cr PC.

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He has further stated that complaint prima-facie discloses that offences punishable under section 192, 192A & 203 of the income tax ordinance 2001 read with section 3, 4, 8 and 20 of the anti-money laundering act, 2010 have been made out.

After the hearing, court passed order and observed that “I have gone through the contents of the complaint which show that prima-facie case is made out, therefore, the cognizance is taken, the complaint be registered, the office is directed to issue bail-able warrants against above mentioned suspect in the sum of Rs20,00,000 only.

On perusal of application & attached report which investigation officer reasonably believes to be the properly involved in money laundering, I allow provisionally attachment of 20 bank accounts appears to be involved in money laundering for a period of ninety days from the date of the order.

The investigation officer shall within 48 hours immediately after attachment under section 8(1) forward a copy of the order & the report to the head of the investigating agency in a sealed envelope”.

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