FBR completes investigation into 15 cases relating to Panama leaks

ISLAMABAD: Federal Board of Revenue (FBR) has confirmed that an investigation into 15 cases, related to the persons named in Panama Papers’ leaks, has been completed, ARY News reported on Thursday.

A member of the Federal Board of Revenue (FBR) said that above 450 persons had been named in Panama Papers over having offshore companies.

The revenue board has acquired details of 291 persons and investigation into 15 cases have been completed, the member said in his statement.

It was also revealed that the data of 8,000 benami accounts has also been tracked by FBR while the board will start receiving reports regarding suspicious bank transactions from April.

Read More: FBR recovered Rs 6.6bn during money laundering probe, PM told

On March 13, the Federal Board of Revenue (FBR) had announced that the benami law, aimed at confiscating all properties and bank accounts that would not be registered with the name of a real owner,

... read more at: https://arynews.tv/en/federal-board-of-revenue-panama-leaks/