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Customs Court approves charge sheet against M/s Malik & Khan Brothers Goods Transport Co in money laundering scam

KARACHI: The Customs court approved charge sheet against Muhammad Khan, proprietor of M/s Khan Cargo Carrier, M/s Malik & Khan Brothers Goods Transport Co and M/s khan Enterprises, who was nominated in a case of mega money laundering, tax evasion, furnishing inaccurate particulars of income/ wealth etc.

On 28 October 2020, investigation officer submitted charge sheet and informed the court that during the investigation, it was revealed that above mentioned taxpayer has not filed income tax returns/wealth statements for tax year 2012-2017 and availed the amnesty in 2018 amounting to Rs56, 270,200 and paid tax Rs2, 813,510 and declared only nominal income/ receipts.

He further informed the court that it was also revealed that the above -mentioned suspect maintained several bank accounts and heavy transactions/ credit has been done which do not commensurate with the declared nominal income/ receipts.

Investigation officer stated that during the investigation, it is evident that accused has evaded huge amount of income tax amounting to Rs931,444,699 and record shows that he is a habitual tax evader, therefore, in view of the above facts, this complaint is hereby lodged/filed under section 20 f the anti-money laundering act, 2010 read with section 3, 4, 8 and 21 of the anti-money laundering act, 2010 read with sections 192, 192A and 203 of the income tax ordinance 2001 and other related laws.

After the hearing, the court took charge sheet on court record and case fixed for copy supply of the case documents.

2020-10-29
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