The Federal Board of Revenue (FBR) has confirmed an over-invoicing of Rs. 70 billion disguised as the import of solar panels. During a briefing to the Senate Standing Committee on Finance, FBR officials revealed proven money laundering in this case. They disclosed that 63 importers were ...

Pakistan Customs uncovered a significant 'money laundering' operation amounting to Rs3.5 billion in Sindh's Hyderabad district, as reported by ARY News on a Monday. The revelations from official documents indicate that the HSJI company in Hyderabad managed to evade taxes amounting to Rs70 million. ...

The Federal Board of Revenue (FBR) made a significant decision on Monday to expand its ongoing investigation, responding to the alleged over-invoicing of Rs 3 billion detected in the importation of solar panels.It has come to light that an additional six companies are suspected of ...

The Federal Board of Revenue (FBR) has taken another major action against money laundering and over-invoicing in solar panel revenues, uncovering a money laundering scheme worth 13 billion rupees. In a significant move by the FBR, it has also identified 6 more fictitious companies during ...

The largest 'trade-based' money laundering and under-invoicing scandal in Pakistan has been exposed by the Federal Board of Revenue (FBR). Following an extensive investigation by auditors, the FBR initiated a case against two companies in Peshawar, uncovering a massive money laundering ...

In an unprecedented move, the Senate Committee on Finance and Revenue issued a directive on Wednesday, tasking the Federal Investigation Agency (FIA) with the formidable mission of investigating a money laundering and over-invoicing scheme of epic proportions. This elaborate conspiracy revolves ...

In a recent development, the Federal Investigation Agency's (FIA) Commercial Banking Circle team in Karachi took action against suspected trade-based money laundering, resulting in the seizure of four high-end luxury vehicles. This operation is part of an ongoing effort by the FIA to scrutinize car ...

The Federal Investigation Authority (FIA) has significantly intensified its efforts in investigating car showroom proprietors. In a move to combat trade-based money laundering, the FIA has initiated a comprehensive inquiry targeting car showroom owners. This investigative endeavor commenced ...

In the period from 2017 to 2022, it has been revealed that there was an excess invoicing of over Rs 69.5 billion in the importation of solar panels, as reported by ARY News. According to the FBR report, a clear pattern of over-invoicing emerged from 6,232 Goods Declarations (GDs) filed by 63 ...

Billions of rupees involved in a colossal money laundering operation have come to light during a customs audit conducted on two solar panel importers in Pakistan, according to official documents obtained by The Express Tribune. This illicit financial activity was orchestrated through an elaborate ...