ISLAMABAD: The Federal Board of Revenue (FBR) has traced out close to 10,000 people who are involved in cash transactions running into trillions of rupees allegedly for the purpose of tax evasion and with possibility of involvement in money laundering.
The bureau is also looking into affairs of (NGOs) and (INGOs) for their alleged involvement in money laundering and terror financing.
FBR sources told that they have so far received multiple complaints of alleged money laundering and terror financing.
They added that the bureau has already launched investigations against 36 to 40 of those cases.
The bureau had received multiple reports that people had set up fake companies. But they were instead being used for money laundering and terror financing. In such instances, the use of NGOs and INGOs were also found.
The FBR’s Directorate General of Intelligence & Investigation (I&I) Inland Revenues has started a campaign against all tax evaders particularly those who are unregistered or registered but paying nominal tax despite making supplies worth billions of rupees.
“In this regard selected cases after proper scrutiny were identified so that genuine taxpayers do not feel any harassment being the asset of the nation,” said one top official of FBR while talking to this scribe in background discussions.