According to a press statement, these references include 5 cases of Benami shares in which Benami transaction of Rs159.644 million was identified, 6 references of Benami immovable properties worth Rs5,849.4 million, one case of Benami bank accounts worth Rs1.040 billion, and 16 cases of Benami vehicles worth Rs351.55 million.
As per law, the Anti-Benami Zones submit references in cases of suspected Benami assets before the Benami Transactions Adjudicating Authority for confirmation/ revocation of attachment of assets and then initiate confiscation proceedings. The Adjudicating Authority, an independent authority established under the law, after due deliberation provides opportunity of being heard to the alleged benamidars and beneficial owners and the referring department as well, said the statement.
Some habits die hard. After enjoying a game-changing role in Pakistani politics for decades on…
More than one news cycle has passed after a strange cabinet appointment notification hit the…
Has the UN succeeded in its primary objective of maintaining international peace and security in…
Pakistan has availed of 23 IMF programs since 1958, but due to internal and external…
April 23rd is a symbolic date in world literature. It is the date on which…
Leave a Comment