KARACHI: The Customs Court approved progress report filed by investigation officer of Directorate Intelligence & Investigation (IR) against suspect namely Muhammad Atif Pardesi son of Haji Farooq, who was nominated in FIR for filing false statements and money laundering worth Rs1,090,083,647.
On 7 November 2020, investigation officer submitted progress report and informed the court that during scrutiny of taxpayer registration profile available at FBR-e portal revealed that above mentioned suspect is registered with corporate regional tax office (CRTO) Karachi, FBR as a proprietor and doing business in name of M/s Accentuate Trading and is also director pf Karwan e Farzane Ashrafi Pvt Ltd.
He further submitted that suspect did not filed income tax returns for tax year 2013 to 2018 and neither wealth statement under section 116 of the income tax ordinance 2001, and hence no tax has been paid during said tax years, despite huge transactions worth billions in 11 bank accounts.
He stated in progress report that in view of facts, this complaint is hereby lodged/filed under section 8, 20 and 21 (1) (2) of the anti-money laundering act, 2010 read with section 155 of the criminal procedure code, 1898 read with section 192, 192A and 203 of the income tax ordinance 2001, in order to protect the public exchequer, the investment of his properties and the above referred bank accounts at para XI as well as properties and bank accounts, if any found during investigation may graciously be ordered by this court for 90 days in terms of section 8 (1) of the anti money laundering act, 2010.
