KARACHI: The Customs Court awarded one month imprisonment and fine of Rs200,000 to suspect namely Zeeshan Iqbal, proprietor of M/s Famous Computer & Mobile Services who was booked in money laundering case.
On 6 December 2019, court announced verdict and mentions that “ in view of findings and after evaluation of evidence adduced by the prosecution, as discussed, the charge stands proved against him, therefore, convicted and sentenced for a month and fine Rs200,000, in case of default in payment of fine he is to suffer six months simple imprisonment, he is present on bail, his bail bond stand cancelled and surety discharged”.
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According to the first information report on June 22, 2016 the assistant commissioner enforcement unit-04, Zone-III, RTO-III Karachi reported a matter that suspect during the years from 2011 to 2015 made 294 visit to abroad during which you declared $1,75,600 and paid customs duty and taxes to the tune of Rs1,99,900 and spent amount of Rs88,20,000 as expenses but did not declare the source of income and paid the income tax, therefore suspect committed an offence falls under section 203 read with section 191 & 192A of the income tax ordinance 2001.
It needs to be mentioned that after lodging of first information report above mentioned suspect was absconding and court had issued his non-bail able warrants against him, after a long time, he appeared before the court and he was granted interim pre-arrest bail.
