Pakistani biscuit firm directors and banker booked for tax evasion and fraud

Biscuit firm directors, banker booked for tax evasion, fraud in Punjab

LAHORE: The Federal Investigation Agency (FIA) has booked seven persons, including directors of a biscuit company and a bank official, on charges of money laundering, fraud and tax evasion. According to the FIR, during the course of inquiry conducted by the FIA, CBC Lahore, it transpired that benami bank accounts were opened to evade taxes on sale transactions of billions of rupees and money laundering was also committed. “The benami accounts were opened on the CNICs of Abdullah Maqsood, Ar...

By [email protected] (Zulqernain Tahir)