Karachi: The Federal Board of Revenue (FBR) Karachi has discovered a ‘benami’ account, through which transactions worth PKR 370 million have been made in three years, a news source reported.
According to details, funds averaging PKR 20 million have been added to the account each month over the period. The account is being run under the name of Muhammad Ibrahim, a resident of Nusrat Bhutto Colony in Karachi.
FBR presented its initial report to the Customs Court. The court issued bailable arrest warrants for the accused.
Intelligence and Investigation wing of the Inland Revenue Service has registered the case. Investigation has also been launched to find out who has been depositing the large sums into the account.
The investigation officers provided the details of the case. He said that account had been opened in 2015. Afterwards, an average of PKR 20 million was deposited between July 1, 2015 and June 30, 2018. Nearly PKR 370 million have been transferred during the three years.