KARACHI: The Customs Court directed investigation officer of Intelligence & Investigation-FBR to complete investigation and submit progress report against owners/ proprietor/ partners/ beneficiaries of M/s SAS Pvt Ltd, Imran Ali Alias Ali, owners/ proprietor/ partners/ beneficiaries of M/s Progresive Enterprises, clearing agent and others, who were nominated in FIR for mega mis-declaration.
On 25 April 2021, investigation officer appeared before the court and informs that the above-mentioned suspects are involved in generation and utilization of proceeds of crime by way of illegal removal of imported goods which were meant for Karachi Export processing Zone and smuggling/ illegal import of betel nuts (Areca) and foreign origin ladies and gents suiting fabric under the garb of import of used clothing.
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He further informed the court that in this way, the accused persons generated and utilized proceeds of crime amounting of Rs118, 560, 349 including value of the impugned goods amounting to Rs79, 071, 861 and evasion of legitimate government revenue in the form of duty and taxes to the tune of Rs39, 488, 488 by illegally/ fraudulently removing foreign origin fabric form KEPZ to tariff area.
After the hearing, the court took the statement of the investigation officer and directed him to complete the investigation and submit a progress report for the next date of hearing.
Case was registered complaint by Muhammad Abid, Intelligence & Investigation-FBR Karachi
