KARACHI: The Customs Court directed investigation officer of Directorate General Intelligence & Investigation-FBR to complete investigation and submit progress report against owners/ proprietor/ partners/ beneficiaries of M/s Laiba Industries Private Limited, booked another first information report (FIR) for generation and utilization of proceeds of crime by way of illegal removal/ clearance and smuggling of foreign origin fabric from Karachi Export Processing Zone on the basis of fake/ irrelevant documents.
On 18 March 2021, investigation officer sought further time to submit progress report and informed the court that during investigation in earlier first information report (FIR), it was revealed that the accused are involved in generation and utilization of proceeds of crime by of illegal removal of imported goods which were meant for Karachi Export Processing Zone and Smuggling illegal import of betel nuts (Areca) and foreign origin ladies & Gents suiting fabric under the garb of import of used clothing.
Investigation officer further informs the court that accused in connivance and collusion with each other and other associates-in-crime have committed predicate offence of money laundering in violation of the provisions of sections 3 & 4 read with clauses (a) (c) & (d) of section VI of schedule-I to Anti-Money Laundering act, 2010, in view of above, the compliant in terms of section 21(i) (2) and 22 of Anti-Money Laundering Act, 2010, is lodged accordingly.
After the hearing, court took FIR into court record and directed investigation officer to complete investigation and submit progress report for next date of hearing.
