ISLAMABAD: The Intelligence and Investigation Inland Revenue (IR) wing of the Federal Board of Revenue (FBR) detected a fake/benami account on Thursday.
Federal Investigation Agency (FIA), on the instructions of the Supreme Court, is probing the fake accounts while I&I IR FBR have also detected a fake/benami account run by a big property dealer.
A handout issued by department stated that Khurram Latif, owner of Khurram Property Zone who deals in Bahria Town, opened a fake/benami account in a private bank located in Bahria Town. Reportedly, he made transactions of millions of rupees which were not mentioned in the tax returns.
Although the directorate did not disclose the name of the person, the director general (DG) on Thursday summoned the concerned person for hearing in whose name the account had been opened and asked about the account, the handout added.
The person, during the hearing on oath, revealed that Khurram Property Zone had opened the bank account in his name and the signature on the account was also forged. The handout stated that person denied conducting transactions of millions of rupees from his account.
The directorate, after conducting the hearing, contacted the bank manager and asked about the account details. The bank officials said that the owner of Khurram Property Zone had authorised one of its employees to operate the account. After this, the DG, along with other officers, raided the office of the property dealer and confiscated the laptops, chequebooks and other documents pertaining to selling and buying of plots.
Transactions of millions of rupees also surfaced in preliminary investigations which are not mentioned in the annual returns of Khurram Property Zone or its owner Khurram Lafit.
The directorate in its press release said that further investigation was underway.