According to the details Special Judge Custom Muhammad Shiraz Kiyani conducted the hearing of the money laundering and tax evasion case against NTS in Rawalpindi as other officials of NTS Dr Juaid, Dr Izhar Hussain, Dr Sohail and other appeared before the court.
During the hearing, Directorate Intelligence and Investigation Inland Revenue, a subdivision of Federal Board of Revenue (FBR), submitted an application in the court that during an investigation it was found that the suspects had concealed 15 bank accounts and the total amount of money laundered increased from Rs 2,000,000,000 to Rs3,604,200,000. It was requested that the court may allow these accounts and the NTS building to be sealed. The court accepted the applications and issued notices.
Five of the six suspects in the case, Dr Junaid Zaidi, Izhar Hussain, Sohail Ghani, Dr Shahid Ahmed and Dr Sherzada Khan submitted an amount of Rs 100,000 as bail in the court.
For not appearing before the court, non-bailable arrest warrants were issued for the NTS Director Dr Haroon Rasheed.
The court ordered that the accused should be arrested and presented before the court on January 30.
Published in Daily Times, January 14th 2018.
The 100-Index of the Pakistan Stock Exchange (PSX) turned around to bullish trend on Friday,…
Central Directorate of National Savings (CDNS) has achieved a target of Rs 232 billion in…
Pakistani rupee on Friday appreciated by 15 paisa against the US dollar in the interbank…
The price of 24 karat per tola gold decreased by Rs.2,500 and was sold at…
Provincial Minister for Industries, Commerce and Investment Chaudhry Shafay Hussain said on Friday that alternative…
The weekly inflation, measured by the Sensitive Price Indicator (SPI), went up slightly by 0.10…
Leave a Comment