Asset recovery unit to target 100 biggest owners of offshore assets

Asset recovery unit to target 100 biggest owners of offshore assets

ISLAMABAD: The Prime Minister’s Task Force on the retrieval of wealth illegally stashed overseas by Pakistan has recommended the formation of an asset recovery unit to move against the 100 biggest owners of offshore money and properties.

The assets recovery unit would be located at the Prime Minister’s (PM) Office and comprise representatives of the National Accountability Bureau, Federal Investigation Agency, State Bank of Pakistan and Federal Board of Revenue (FBR) to ensure coordination between government agencies.

In compliance with the directives of the Supreme Court, the Pakistan Tehreek-i-Insaf (PTI) government wants to select around 100 major cases to establish a precedent whereby efforts would be made to repatriate illegal wealth through the mutual

... read more at: https://www.thenews.com.pk/print/364473-asset-recovery-unit-to-target-100-biggest-owners-of-offshore-assets

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