As per the application, the family had opened eleven bank accounts in 2016 for the purpose of money laundering, transferring a total of $494,500 hitherto. FBR said that the suspects had already conducted transactions “worth billions of rupees” and in order to secure national revenue, the bank accounts in all three cases should be attached. The account was used for transactions of Rs454 million from July 1, 2015 until June 30, 2018. Additionally, eight benami accounts, which were used for transactions of over Rs8 billion, are also included in the accounts. The investigation officer told the court that benami accounts were used for the business of paint shops, transporters, oil and spare parts.

Source: Pakistan Today April 17, 2019 17:15 UTC