Benami account scandal: FBR uncovers multi-million dollar fraud in Pine Nuts export
Benami account scandal: FBR uncovers multi-million dollar fraud in Pine Nuts export
LAHORE (Dunya News) - According to the Federal Board of Revenue (FBR), Hasnain Exports had exported $50 million worth of Pine nuts to Germany but only showed the received amount of $4.5 Lakh in the books.
According to sources, the record of the State Bank of Pakistan (SBP) and other banks did not show the arrival of the remaining funds. Large sums of exported goods money was transferred to secret external accounts.
The Federal Board of Revenue (FBR) contacted the owner of the company and a benami (anonymous) account emerged during investigations. Sultan Mehmood, the sole proprietor of the company, has expressed ignorance of the business.
According to Dunya News sources, the owner of the anonymous account, Sultan Mehmood, has been working for the people involved in the business for 20 years but still lives in a two Marla house.
Benami Zone to FBR has sent a reference to the Adjudication Authority on August 6. And in the initial action, the land of the original owners has been taken over by the FBR.
