KARACHI: The Customs Court directed investigation officer to complete investigation and submit progress report against owners/ proprietor/ partners/ beneficiaries of M/s Zubair Steel, owners/ proprietor/ partners/ beneficiaries of M/s Balochistan Engineering Works Ltd, owners/ proprietor/ partners/ beneficiaries of M/s Royal Impex Pvt Ltd, owners/ proprietor/ partners/ beneficiaries of M/s Steel Vision Pvt Ltd and owners/ proprietor/ partners/ beneficiaries of M/s Hassan Steels and owners/ proprietor/ partners/ beneficiaries of M/s Cosmos Trading Development and others, who were nominated another FIR for evasion of duty and taxes of Rs70,238,694.
On 24 June 2021, investigation officer of Directorate General, Intelligence and Investigation-FBR (Customs Enforcement) submitted that customs officials have lodged three FIRs against the above mentioned accused persons who have been found involved in money laundering by way of import of iron & steel in coils (secondary Coated) iron & steel in coils (ETP Secondary) iron & steel in coils (Secondary CRC), of Argentina, European Union, Canada, South Africa and South Korea Origin.
He further submitted that in this FIR, suspects are involved in generation and unitization of proceeds of crime by fiscal fraud through submission of tampered and fabricated/ false import documents and gross mis-declaration of the impugned goods, causing un-authorized transfer of foreign exchange from Pakistan, smuggling of Pakistan owned goods to KEPZ, evasion of Government’s legitimate revenue availing undue exemption of duties and taxes and illegal and unauthorized fling of the goods declarations with customs on the basis of fake and fabricated signatures of the concerned clearing agent.
He added that in view of the above, the complaint in terms of section 21 (1) & (2) and 22 of the Anti- Money Laundering Act, 2010, is lodged accordingly.
Customs court directed the investigation officer to complete the investigation and submit a progress report for the next date of hearing.
