KARACHI: Directorate of Intelligence & Investigation-Inland Revenue, has submitted FIR against Sohail Elahi son of Ahsan Elahi, owner of M/s Agri Trade International in alleged mega money laundering, tax evasion and furnishing inaccurate particulars of income/ wealth etc amounting to Rs6,260,866,027.
On 9 October 2020, investigation officer submitted complaint and informed the court that during the scrutiny of the above mentioned taxpayer registration profile available at FBR-e-portal revealed that M/s Agri Trade International is registered with corporate regional tax office (CRTO) Karachi, federal board of revenue (FBR) as a proprietor doing main business of sugar dealer whereas as per income tax return he is also driving brokerage, interest and property income.
He further submitted that huge credit/ transactions with total aggregate amounting to Rs20,777,436,798 has been found in his 18 declared/ undeclared bank accounts from July 2016 to June 30, 2019, the above amounts credited in his different bank accounts which do not commensurate with his declared income in income tax return & wealth statement for tax year-2016, tax year-2017, tax year-2018 & tax year-2019, it is crystal clear that the accused has concealed his income and has committed tax evasion.
Investigation officer further submits that during investigation information received from other brokers that Arif Elahi, brother of accused & ex government secretary is also practically involved in the business of sugar, according to the written statement of Muhammad Jalil that Arif Elahi is the authorized dealer of various sugar mills.
