Around 139 Pakistanis including Mian Mansha and ex PM Shaukat Aziz named in paradise leaks
Pakistan’s Federal Board of Revenue (FBR) has announced issuing notices to Pakistanis named in the Paradise Papers.
FBR is planning to issue notices to the beneficiaries in Paradise Leaks and take due course of action as these people are actually the blacksheeps who send money abroad illegally.
While talking to media former FBR chairman Dr Irshad said that FBR had issued notices to over 400 persons named in Panama leaks and they were asked about ownership of the offshore companies and the source of money used in purchasing such firms.
Dr Irshad said that collectively FBR’s Directorate General Intelligence and Investigation (I&I) Inland Revenues (IR) had recovered over Rs 6 billion from a couple Bashir Dawood and Maryam Dawood of the Dawlance Group.
The well known Pakistani including Mian Mansha , Shaukat Aziz among those individuals named in the paradise leaks and 135 Pakistani individuals with accounts in a Swiss bank were also identified
According to sources, out of 600 companies (registered in Pakistan in which Pakistanis named in Panama Papers are directors), a total of 38 companies were found having foreign investments/borrowings other than as reported by Panama papers.
Interior Minister Ahsan Iqbal has urged Supreme Court to take so-Moto notice of the paradise papers. Former Prime Minister Shaukat Aziz has been on the pay roll of City Bank.
After paradise leaks FBR starts investigation and will take all possible steps without fear or favour to capitalize on the surging global wave against corruption and effectively contribute in the accountability process which is moving forward to its logical end.
After issuing notices to the owners of offshore firms, FBR, SECP, State Bank of Pakistan and other regulators have been under fire for not deliberating negligence in investigation into Panama case against heads of the ruling party.
Pakistan State Bank’s Governor Tariq Bajwa said that they were reviewing the names of Pakistanis mentioned in the leaks, adding that they would inquire into where the capital for the offshore companies came from. The central bank would see whether they had paid tax on the money, which was transferred or not, he said.