KARACHI: Custom Court Judge Syed Faiz Rasool Rashdi sought a progress report from investigation officer and adjourned the case for May 27, 2017 against absconding accused named Bashir Dawood and Mariyam Dawood booked in a case of concealment of income, furnishing inaccurate particulars of income/wealth and money laundering over offshore company.
On the last date of hearing, Investigation Officer Muhammad Arif had appeared before the court and submitted that both above named accused have not been arrested yet. He further submitted that proceedings for proclamation have been completed against them. After the hearing, court had declared the Proclaimed Offenders as accused.
It needs to be pertained here that the court had issued several times their bailable and non-bailable warrants. On the last date of hearing, court had directed the Federal Investigation Agency (FIA) for issuing read warrants for the accused.
Earlier, 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 to protect the public exchequer and also had informed the court that above named accused are absconders therefore court had allowed the 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, having offshore company, is involved in concealing the income of Rs9870million and amount of income tax sought to be evaded of Rs2469million and amount of income tax recoverable (up to tax year 2014) Rs. 2467million along with default surcharge & penalty to be determined at the time of payment.
A case was registered in violation of under Section 111 (1) (d) (1) of the Income Tax Ordinance 2001 which is liable to be prosecuted under Section 192 a ibid read with section 2 and 8 (2) of the AMP Act-2010.
