ISLAMABAD: Federal Board of Revenue Chairman Tariq Mehmood Pasha has directed Director General Inland Revenue Intelligence and Investigation Khawaja Tanvir Ahmed to take stern action against the individuals who are involved in money laundering of Rs 102 billion in the guise of gifts. He also directed that investigations should purely be based on merit, transparent and across the board without any discrimination.
According to the details, an important meeting on this issue was held in the FBR House presided over by the FBR chairman and attended by the director general Inland Revenue, Member Legal Hafiz Muhammad Indhar and other senior officials.
The meeting reviewed the progress of ongoing investigations against individuals and it has been decided that those cases in which investigations are almost complete will be sent to the special courts for taxation for legal proceedings.
It is important to mention here that some prominent businessmen and politicians are also involved in money laundering through gift arrangements. A senior official of the FBR told Customs Today that the name of Prime Minister Nawaz Sharif or any of family his member was not in the list.
The FBR had taken serious notice of that issue and started investigations against those individuals in June. Sources told FBR also preparing a report on that steps which are already been taken till now to stop this practice by the department and this report will be presented to before the concern committees of the parliament and also to Ministry of Finance.
Most of the individuals belong to Karachi, Lahore and Islamabad and are businessmen and industrialists. The names of those individuals will be disclosed shortly, sources said.