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I&I-IR submits another FIR against M/s Accentuate Trading & M/s Karwan e Farzame Ashrafi Pvt Ltd in money laundering scam

I&I-IR submits another FIR against M/s Accentuate Trading & M/s Karwan e Farzame Ashrafi Pvt Ltd in money laundering scam

KARACHI: Directorate of Intelligence & Investigation (I&I) Inland Revenue (IR) submitted another first information report (FIR) against suspect Muhammad Atif Pardesi son of Haji Farooq, who was nominated in filing false statement and money laundering involving of Rs1,090,083,647.

On 14 September 2020, investigation officer submitted FIR and informed the court that during scrutiny of taxpayer registration profile available at FBR-e portal revealed that the above mentioned suspect is registered with corporate tax office (CRTO) Karachi, FBR as a proprietor doing business of M/s Accentuate Trading and also director Karwan e Farzame Ashrafi Pvt Ltd.

He further submitted that suspect did not filed income tax returns for tax year 2013 to 2018 and neither wealth statement under section 116 of the income tax ordinance 2001, and hence no tax has been paid during said tax years, despite huge transactions worth billions in 11 bank accounts.

He argued that in view of facts, this FIR is hereby lodged under section 8, 20 and 21 (1) (2) of the anti-money laundering act, 2010 read with section 155 of the criminal procedure code, 1898 read with section 192, 192A and 203 of the income tax ordinance 2001, in order to protect the public exchequer, the investment of his properties and the above referred bank accounts at para XI as well as properties and bank accounts, if any found during investigation may graciously be ordered by this court for 90  days in terms of section 8 (1) of the anti0money laundering act, 2010.

He requested the court to grant permission to investigate in the matter under section 21 (1) &(2) and 22 of the anti-money laundering act, 2010 read with section 155 of the Cr.Pc, 1898.