KARACHI: Investigation Officer (IO) of Collectorate of Customs Exports Port Muhammad Bin Qasim, Karachi has submitted first information report before the customs court Karachi against Ansari Textile Industries Pvt Ltd, M/s S.M Enterprises clearing agent and others booked for smuggling of ketamine in the garb of textile cotton yarn.
On 15 September 2021, investigation officer informs the court that during the primarily investigation, it was revealed that the exporter M/s Ansari Textile Industries Limited through their authorized clearing agent M/s S.M Enterprises misused the green channel facility and got cleared the instant consignment through green channel by declaring textile cotton yarn size 10/S 7500 kg, having value of US$ 22, 500.
He further informed the court that the value of export declared by the exporter is US$ 22,500, whereas, exclusive value of the seized psychotropic substance provided by the Hong Kong customs at Hong Kong is US$ 16,000,000, the disparity in declared and actual value comes to US$ 15, 977, 500 which leads to the fact that the receipts of this psychotropic illicit during will be used as black money, hence, the illegal transfer of funds into or out of Pakistan in the instant case will be investigated in due course of time under section 32© of the customs act, 1969.
After the hearing, the court took FIR into court record and directed the investigation officer to complete the investigation and submit a progress report for the next date of hearing.
