ISLAMABAD: The Federal Board of Revenue’s (FBR) Directorate of Inland Revenue-Intelligence and Investigation has started investigations to know about the sources of assets made by former Employees Old-Age Benefit Institution (EOBI) chairman Zafar Gondal and former owner of Safa Gold Mall Islamabad Abdul Qayyum Qureshi following the judgement of the Supreme Court in the EOBI case.
Sources said that the IR-Intelligence was looking into the matter to know whether both the accused made wealth and assets by using legal means or black money, adding that tax record of both persons was also being scrutinising by the department.
As per details, the EOBI had purchased the building of Safa Mall through EOBI Deputy Director Syed Iqbal Haider Zaidi against Rs 1.2 billion in 2012 from Abdul Qayyum Qureshi. Later on, Qureshi transacted Rs 300 million to the bank account of then EOBI chairman Zafar Gondal.
The IR-Intelligence is investigating that on what basis Qureshi gave a huge amount to the ex-chairman after selling the building and why the EOBI purchased this building at a high cost.
The sources said that intelligence officials had obtained the record of tax returns and wealth statements filed by both the accused to verify them, adding that stern action would be taken against them if they were found involved in any mis-declaration.
