The Federal Board of Revenue (FBR)’s Benami Zone, responsible for investigating anonymous accounts and unregistered wealth, has impounded 19 luxury cars, including BMWs and Mercedes Benz.
The seizure of 19 expensive vehicles, whose documents do not reveal proper ownership comes as the FBR continues its investigation into benami accounts.
The board’s investigation revealed that the vehicles were registered in the name of persons who were working for the real owners of the vehicles.
The confiscated luxury cars include two BMWs and as many Mercedes Benz cars which according to the FBR are valued at a total cost between Rs120 to Rs150 million.
The real owners of the luxury vehicles have been given a seven-day deadline to contact the board, otherwise it will take action against them.