FBR formally starts probe into Paradise Leaks
Shares
ISLAMABAD: The Federal Board of Revenue (FBR) formally started investigations against 19 out of 135 citizens of Pakistan mentioned in Paradise Papers.
Sources privy to the FBR said details of these persons have been sought from the concerned institutions including Securities Exchange Commission of Pakistan (SECP), State Bank of Pakistan (SBP) and National Database Registration Authority (Nadra).
The concerned officials said that three different letters have been sent to the institutions in order to obtain the details of their financial transaction, bank accounts, companies, family and transfer of money.
The FBR will launch action against these people under laws governing tax theft and money-laundering.
Pakistani citizens mentioned in Paradise Leaks include former Prime Minister Shaukat Aziz, former NICL Chairman Ayaz Khan Niazi, business tycoon Sadruddin Hashwani, Mian Mansha of Nishat Group, Chairman Soneri Bank Alauddin and currency exchange businessman Obaid Altaf Khanani.
However, the FBR has not mentioned the names of people against whom the probe have been launched.
