KARACHI: The Federal Board of Revenue’s (FBR) Directorate General of Intelligence and Investigation-Inland Revenue (I&I-IR) wing hasmade first-ever arrest under the Anti-Money Laundering Act (AMLA) 2010.
Sources said that I&I-IR Hyderabad section arrested a local businessman, who was under FBR’s scrutiny for alleged laundering of millions of rupees, under the Anti-Money Laundering Act 2010.
The accused, Ishaq Rahu, was arrested from his residence by special team of I&I-IR Hyderabad on Thursday morning. The intelligence and investigation wing had obtained arrest warrants for the accused from the special customs and taxation judge under AMLA 2010. The accused will be produced in court today.
The special team of the I&I-IR-Hyderabad was headed by Deputy Director Mumtaz Thebo and Deputy Director Abdul Rasool Golo.
In 2016, the government of Pakistan had given anti-money laundering investigation powers to the FBR Directorate General of I&I-IR, authorising it as an investigation and prosecuting agency under the AMLA 2010.
The FBR had started investigations against 270 influential people accused of laundering un-taxed money into accounts and assets abroad, involving billions of rupees.
