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Rs1.8m of money laundering: Customs court imposes fine on smuggler

Rs1.8m of money laundering: Customs court imposes fine on smuggler

LAHORE: The Special Federal Court of Customs Taxation and Anti-Smuggling has imposed a cash penalty of Rs300000 on an accused held by the Pakistan Customs Preventive while making an attempt of smuggling of foreign currencies of Rs1.8million from the Allama Iqbal International Airport Lahore.

The Special Federal Court of Customs Taxation and Anti-Smuggling declared an accused Shahid Waqas as guilty and imposed a cash penalty of Rs300000. The court has ordered the culprit to deposit the cash until the closure of the court which the accused did.

Earlier, the customs investigation and prosecution team had presented him before the court and asked for his three-day physical remand which the court approved. After the completion of his remand, he was sent to the prison for further trial.

The Customs Preventive apprehended the accused and presented him before the court of Tahir Sabir.

The customs authorities have registered a case against him under Pakistan Customs Act-1969.