KARACHI: Customs Court Judge Syed Faiz Rasool Rashdi has repeated bailable warrants for the absconding accused persons namely Bashir Dawood and Mariyam Dawood. Both the suspects were booked for furnishing inaccurate particulars of their income and money laundering in offshore company.
During the hearing, Investigation Officer Muhammad Arif appeared before the court and submitted that both the suspects have not been arrested yet, therefore, he sought time for complying with the court order. The court adjourned the hearing and repeated the bailable warrant for both the accused persons.
It needs to be mentioned here that on the last date of hearing, investigation officer had filed an application before the court for attachment of property and bank accounts under section 8 of the Anti-Money Laundering Act, 2010. He also had informed the court that the accused persons were absconders, therefore, the court had issued bailable warrants them and allowed the investigation officer attach their bank accounts as case property for 30 days.
According to the prosecution, case no 01/2016 was registered against them, alleging that the accused persons have an offshore company and are involved concealing the income of nearly Rs. 9,870 million. The amount of evaded income tax is Rs 2,469 million and amount of income tax recoverable (up to tax year 2014) is Rs 2,467 million along with default surcharge and penalty to be determined at the time of payment.
A case was registered as violation of section 111 (1) (d) (1) of the Income Tax Ordinance 2001, liable to be prosecuted under section 192a ibid read with section 2 and 8 (2) of the AMP Act 2010.
