KARACHI: Customs Court Judge Syed Faiz Rasool Rashdi has issued bailable warrants against the absconding accused persons namely Bashir Dawood and Mariyam Dawood who are arrested in a case of concealment of income, furnishing inaccurate particulars of income/ wealth and money laundering.
The court also attached their banks accounts as property of the case which was already seized by the State Bank of Pakistan.
During the hearing, investigation officer Muhammad Arif filed an application for attachment of property and bank accounts under section 8 of the anti-money laundering act, 2010 in order to protect the public exchequer and also informed the court that above named accused persons are absconders, therefore, court issued bail able warrants against both accused persons and allowed to IO for attachment of 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 having offshore company and involved concealing the income approximately Rs. 9,870 million and amount of income tax sought to be evaded of Rs. 2, 469 million and amount of income tax recoverable (up to tax year 2014) Rs. 2, 467 million along with default surcharge & 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 192 a ibid read with section 2 and 8 (2) of the AMP act 2010.
