KARACHI: The Customs Taxation & Anti-Smuggling Court Judge Syed Faiz Rasool Rashdi extended pre-arrest bail of suspect namely Usman Shahid son of Shahid Zaki, who was booked in a case of money laundering, concealment of assets and evasion of the taxes in the tune of Rs576 million to national exchequer.
According to the prosecution, during investigation of a money laundering case is respect of Usman Shahid in the ground that the suspect has knowingly and wilfully made offences of concealment of income, acquiring assets from proceeds of crime by committing “predicate offence” of tax evasion whose preliminary investigation from an available record.
Investigation officer further informed the court that above mentioned accused also knowingly and willfully submitted inaccurate/ wrong particulars to federal government of Pakistan in his income tax returns filed for tax year 2011 to 2016, he has concealed his true revenue/ turnover/ income from government of Pakistan with intention of evading the trust reposed in him as a taxpayer/ citizen of Pakistan. Therefore, case was registered against him for violation money laundering and income tax ordinance.
