The Directorate Internal Audit FBR Karachi has identified the suspicious transactions of four bank accounts and traced the mastermind of tax fraud of five billion rupees through bank accounts.
Asif said that the mastermind, Shahzad Elahi, had established 4 to 5 fake companies in the name of Karachi Tamna Industry in the style of Panama Leaks, which have been identified by the Directorate of Internal Audit Karachi.
He said that during the preliminary investigation, it was pointed out that the said tax fraud benefited the owner of a well-known battery manufacturing company. Bank accounts of fake companies were opened in the name of a disabled laborer, Nawab Zaman, who belongs to Mansehra, hails from Khyber Pakhtunkhwa and was allegedly given a fake job to get his National Identity Card and then opened benami bank accounts.
Asif Abro said that the wife of Nawab Zaman, Benazir, receives Rs 2,000 per month from the Income Support Program, while one of his sons works in a tea hotel in Peshawar for Rs 5,000 per month.
He said that the directorate had already registered a case against Tamanna Industries on June 14, 2022, for suspicious bank transactions, and now the scope of the investigation has been expanded after identifying the mastermind. More benami transactions and tax irregularities of the said company are likely to come to light.
