KARACHI: Customs Taxation and Anti-Smuggling Court Judge Syed Faiz Rasool Rashdi has directed investigation officer to compete investigation and submit a charge sheet against suspect namely Usman Shahid, who was booked in a case of money laundering, concealment of assets and evasion of Rs 576 million taxes.
According to the prosecution, a money laundering case was registered against Usman Shahid on the ground that the suspect allegedly concealed his income and acquired assets by tax evasion.
The investigation officer informed the court that the accused also knowingly and willfully submitted inaccurate/ wrong particulars to te federal government in his income tax returns filed for te tax year 2011 to 2016. He concealed his true revenue/ turnover/ income from the government with intention to evade taxes. Therefore, the case was registered against him under money laundering and income tax ordinance.
