Court freezes multiple benami accounts - Zameen News

Court freezes multiple benami accounts

April 19, 2019 • news

Karachi: The Customs Court has ordered the authorities concerned to freeze 20 bank accounts in various cases pertaining to money laundering and benami transactions, a news source reported.

ReadFBR requests funds to take action against benami properties

The court directed to suspend the accounts for 30 days in a bid to conduct further investigation into the matter. It gave the instructions in response to a petition filed by the Federal Board of Revenue (FBR).

According to FBR, eight of the 20 accounts carry no name of the account holder. These benami accounts were used for carrying out transactions of over PKR 8 billion.

ReadCommissioners appointed under Benami Act 

Another account, suspended on court’s orders, was being operated under the name of a resident of Nusrat Bhutto Colony in Karachi. It was opened in 2015. Afterwards, an average of PKR 20 million was deposited between July 1, 2015 and June 30, 2018. Nearly PKR 370 million were transferred during the three years.