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Customs Court issues BWs against father & children involved in money laundering

Customs Court issues BWs against father & children involved in money laundering

KARACHI: The Customs Court issued bailable warrants against Pervaz Ali son of Matloob Ali, her daughters Ms Sara Ali, Ms Anum Ali and his son Jibran Ali, who were booked in a case of transferring $4,094,500 to USA for money laundering.

On April 10, 2019, court issued their bail-able warrants against the surety of Rs100,000 and directed the above named suspects to appear on April 25, 2019.

Earlier, Directorate of Intelligence & Investigation-IR lodged first information report against father and his three children having Pakistan and USA dual nationals, who were booked allegedly involved in money laundering and evaded taxes in the tune of Rs112,941,199.

Investigation officer submitted FIR before the court and informed that a credible information was received that Pervaz Ali son of Matloob Ali, Ms Sara Ali daughter of Pervaz Ali, Ms Anum Ali daughter of Pervaz Ali and Jibran Ali have knowingly and willfully made offences of concealment of income, acquiring assets from proceeds and of crime by committing predicate offence of tax evasion whose quantum is Rs112,941,199 and transferred $4,094,500, the amounts of dollars to overseas to USA.

He further submitted when suspect Pervaz Ali was asked to give details than he tried to show that he gifted immovable property in Defense Housing Authority, DHA to his children, which they sold and transferred this money to USA, but he could not show the documentary evidence that his children actually sold immovable property but they were still owning those properties which means that the source of money deposited in their PKR accounts, cashed out, converted into US dollars and remitted overseas, is dubious and thus must be the proceeds of crime.

Investigation officer further submitted that suspect also could not show the documentary evidence of transfer of money from his bank account to his three of his children who are accused in this case, so it is concluded that he paid them the money which must be the proceeds of crime and he has abetted his children in remitting the proceeds of crime money overseas, his children, accused 2,3,4 have thus caused significant loss to the government exchequer as well as deprived the country of valuable foreign exchange, abetted in money laundering and tried to whitewash his black money of corruption and money laundering, by showing that he is a taxpayer and transferred his legally earned money to his children.