The Federal Board of Revenue (FBR) has reportedly suspended inquiries into four shell companies accused of laundering Rs16 billion, involving influential figures from the business and political realms, as per Business Recorder.
Sources reveal that the Central Vigilance Wing of the FBR unveiled a significant money laundering and tax fraud operation, spotlighting four private limited companies registered under false identities at a shared address in Karachi.
According to FBR findings, these companies were established to benefit a powerful former parliamentarian from Khyber Pakhtunkhwa, who holds a substantial business conglomerate.
Shockingly, all four entities shared a registered address in Karachi, yet they were unlawfully registered in the FBR’s Corporate Tax Office in Islamabad, indicating potential collusion involving certain IT officials and tax officers.
Sources further claim that the companies, despite having low-income employees as dummy directors, engaged in transactions related to metal and battery products. Investors from various cities, including Karachi, Islamabad, Lahore, and Khyber Pakhtunkhwa, allegedly utilized these entities for black money laundering.
The FBR investigation alleges that the four companies operated multiple bank accounts, facilitating the flow of Rs16 billion for whitening unaccounted cash.
Additionally, they issued fake invoices totaling Rs10 billion without fulfilling tax obligations. Transactions with unrelated parties, coupled with fund rerouting through various accounts, were cited as serious violations of the Anti-Money Laundering Act (AMLA) 2010.
Despite the FBR blacklisting these companies, no FIR has been filed against them by the CTO Islamabad, raising concerns of a politically influenced halt to the investigation.
Senior FBR officials, speaking anonymously, acknowledged the suspension, attributing it to intense political pressure.
The apparent discriminatory treatment has sparked criticism, with tax experts advocating the intervention of other agencies to hold powerful entities accountable, emphasizing the impact on the economy and the FBR’s reputation.
One of the main reasons that this country is not worth living in. Only the weak are supposed to pay taxes and there is no law for containing the powerful people.
FBR is a spineless institution. No identity, no direction. Always a handmaid of politicians petty interests. It has no story to stand up against the rich, the powerful and the influencing. Lick one up n kick one down is it’s daily diet.
URGENT EFFECTIVE LOVE SPELL DR. TEBE TO GET YOUR EX BACK FAST TO SAVE AND RESTORE YOUR MARRIAGE! +1(661)525 4146
HELLO, I’ve been searching for help on how to get my ex-lover back who broke up with me 9 months ago… I was traumatized by the breakup and nearly wanted to commit suicide but I thank God that I got the contact with Dr Tebe the spiritual father who helped me to get back my ex-lover after much searching for help from different places. When I got in touch with Dr Tebe, I explained everything to him so he gave me his words of encouragement and told me that he was going to prepare a spell for me that would help me get back my ex-lover within 12hours and I believed in his words for I was referred to him by a friend who he helped and right now, my ex-lover is back and we are living happily together to get married next month. If you need any assistance whatsoever like getting a lover back, lottery winning spell, black magic spell E.T.C. Then, I suggest that you get in touch with Dr Tebe now through his contact (+1 661 525 4146) or Email: Drtebespelltemple@gmail. com.
I want to share with the world my sad experience with a fake cryptocurrency scammer after falling for his gimmicks. I was cat fished by a man on POF, he then introduced me to this fake crypto miner. Honestly, everything the scammer showed me looks legit worth giving it a shot as it’s a short-term investment with lots of profits. My investment later turned sour and It was the saddest moment of my life because I couldn’t believe what had happened. How I just lost $638,000.00 within a period of 3 months to this scammer. I reported to the authorities and they weren’t helping in any way to help me recover my lost fund. I had lost at a point and was falling into depression until I came across an article online about ethical hackers and their expertise in recovering BTC. I searched for one and that’s when I discovered a professional recovery hacker who could help me recover my funds, to my surprise they {RECOVERYCOINGROUP AT GMAIL DOT COM} were able to trace and recoup every penny I thought I had lost. I am sharing this to the world because they saved my life and my career and I strongly recommend it.
thanks for giving such a great information for us
This is a very happy day of my life with the help PRIEST WISDOM has rendered to me by helping me to get my divorce husband back with his magic power and love spell. I was married for 8 years and it was so terrible because my husband was really cheating on me, and was seeking a divorce but when I came across the PRIEST WISDOM on the internet on how he helps so many people to get their ex back and help fixing relationships and make people happy in their relationships. i explained my situation to him and then seek his help but to my greatest surprise he told me that he will help me with my case and here i am now celebrating because my Husband has change totally for good he started begging me to forgive him that he is very sorry for everything, i was really surprised and was also happy, so that was how i forgive him and now we are living together happily than ever before and He always want to be by me and can not do anything without my present. I am really happy with my marriage, what a great celebration. Thank you to PRIEST WISDOM who helped me a lot, if you need his help you can contact him through email Supernaturalspell0 @ gmail. com WhatsApp/Telegram. +2348124644470