KARACHI: Intelligence & Investigation (I&I) Inland Revenue (IR) submitted complaint against Muhammad Khan of M/s Khan Cargo Carrier, who was nominated in a case of money laundering, concealment of income tax, furnishing inaccurate particulars of income, and tax evasion of Rs931,444,699.
On 10 September 2020, investigation officer submitted that during the scrutiny of above mentioned suspect, it was revealed that he is involved in three business as a proprietor of M/s Khan Cargo Carrier, M/s Malik & Khan Brothers Goods Transport Co and M/s Khan Enterprises and has not filed income tax returns/ wealth statements for tax year 2012 to 2017.
He informed the court that suspect only filed the income tax return for tax year 2018 and 2019 and availed the amnesty in 2018 amounting to Rs56, 270,200 and paid tax Rs2,813,510, however, suspect’s bank record revealed that heavy transaction has been done during year 2012 to 2019.
Investigation officer stated that this FIR is hereby l under section 20 of the anti-money laundering act, 2010 read with section 3, 4, 8 and 21 of the anti-money laundering act, 2010 read with section 192, 192A and 203 of the income tax ordinance, 2001and in order to protect the public exchequer, the attachments of his undeclared properties and the bank accounts as well as other properties and bank accounts, if any found during investigation under section 9 of the anti-money laundering act, 2010 may graciously be declared by this court for 180 days in term of section 8 (1) of the anti-money laundering act, 2010.
