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Customs Court re-issues warrants against suspects in money laundering cases

Customs Court re-issues warrants against suspects in money laundering cases

KARACHI: The Customs Court re-issued bailable warrants against 8 suspects and directed investigation officer to produce them on next date of hearing who were nominated as suspects in three different money laundering, fake accounts for billions of rupees.

On April 25, 2019, during the hearing, two suspects namely Muhammad Hassan and Muhammad Hamza appeared before the court who have been granted pre-arrest bail by customs court, however, non were appeared on behalf of other eight suspects, therefore, after the hearing, court re-issued their bailable warrants.

It needs to be mentioned here that on last date of hearing, court had directed to seize 20 suspicious bank accounts for 30 days in three different money laundering cases. Bailable warrants were issued of absconding suspects namely Pervaiz Ali, his daughters Sara and Anum Ali and his son Jibran Ali, who were nominated in a case of attempting to smuggle over US$400,000 to USA from Pakistan.

Court also issued bailable warrants against Muhammad Ibrahim having suspicious bank account with total transaction of Rs36 crore.

Customs Court also issued warrants against Zor Talab Khan, proprietor of Salar Enterprises & Salar Mining Enterprises, Umara Khan and other booked in using benami 11 accounts to conduct business and evaded taxes more than Rs1 billion and also involved in money laundering.

On last date of hearing, investigation officer submitted first information report against suspects Zor Talab Khan, Umara Khan, Muhammad Hassan and Muhammad Hamza and informed that 11 bank accounts were opened by suspect Zor Talab Khan during June 14, 2012 to July 13, 2017 and total amount transited Rs8.497 billion and when prosecution issued notice to suspect Zor Talab Khan than he replied that he was totally unaware of the bank accounts and these bank accounts were being used by his 3 friends and these people obtained his CNIC under some pretexts and opened these accounts and conducted these transactions and he was never told that they were illegally using these bank accounts for evading taxes.

He further disclosed that above mentioned suspects have caused a loss to government exchequer worth Rs1,261,104,196 by willfully commissioning offences of concealment of income, acquiring assets from proceeds of crime as defined in section 2 (Q) of anti-money laundering act, 2010 by committing predicate offence of tax evasion as defined in section 2 (s) of anti-money laundering act of 2010.