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FIA finds 30 fake accounts in KP

byCT Report
05/11/2018
in Business
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PESHAWAR: The Federal Investigation Agency (FIA) has unearthed in Khyber Pakhtunkhwa 30 benami accounts from which transactions worth billions of rupees have been made.

FIA’s KP Director Mir Wais Khan said that most of the benami accounts were traced in the far-off areas of the province like Swat and Besham. “We have recently completed inquiries into the benami accounts and are now going to register FIRs against the account holders.”

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The FIA director didn’t reveal the exact amount transected through these accounts, but said different teams had been constituted to probe the fake accounts. He said certain influential personalities had opened bank accounts in the names of their poor servants.

The FIA has launched a countrywide investigation into the benami or fake accounts on the orders of the Supreme Court.

Wais Khan said the benami accounts were mostly opened for money laundering as the amount transected through them had not been used for business purposes.

When asked if any arrest was made, he said that after the registration of FIRs action would be taken against those involved in illegal transaction.

Of the 30 benami accounts traced, he said, transaction of large sum of money had taken place in 17 accounts.

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