ISLAMABAD: Intelligence and Investigation Directorate of the
Federal Board of Revenue (FBR) had detected money laundering of over US$7
million committed by a Pakistani company, which is engaged in imports of
various poultry medical inputs, a statement said on Friday.
“The directorate has discovered over US$ 2.1 million money
laundering through hundi to Dubai while the investigations into the US$ 5
million transfer of foreign currency is still under underway,” Directorate
General Intelligence and Investigation Federal Board of
Revenue Shaukat Ali addressing a press conference said.
Revenue Shaukat Ali addressing a press conference said.
Terming it a ‘big catch’, Ali said Marush International, which
imports poultry vaccines, medicines nutrients, premises, etc, had been involved
in massive mis-declaration of value by suppressing the actual transactional
value of imported goods by submitting fake import invoices and other documents
before customs for clandestine clearance.
“The company has also been involved in illegal import of poultry
medicine and vaccines by presenting fake and irrelevant provisional
authorization of the Drug Regulatory Authority of Pakistan,” the Federal Board
of Revenue official said.
Shaukat Ali also told the press that Marush had been involved in
transferring foreign exchange of suppressed values to suppliers
abroad through illegal means and the total amount was US$2.149.
abroad through illegal means and the total amount was US$2.149.
“Al-Nahdi Exchange, Multinet Trust Exchange, Dubai and Malik
Exchange and Universal Exchange Center were the some major money exchangers
through whom hundi/hawala payments were made,” he said adding, although the
Federal Board of Revenue intelligence had arrested some persons working with
the company, the owners, a father-son duo, are still at large.”
He said the directorate would forward its recommendations to
place their names in the Exit Control List (EXL) so that they could not go
abroad.
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