Customs Intelligence of the Federal Board of Revenue (FBR) has registered a money laundering case against a builderand developer firm in Karachi.
According to the FBR’s allegation, HSJ Builders and Developers, acompany owned by HanifJewani and Ahmad HanifJewani, which is going tolaunch HSJ Icon, a housing society, had laundered over Rs3 billion.
The bureau has further claimed that the builders, who had started theirbusiness with a black money, are non-filers as well as non-registered.Another allegation is that Ahmad HanifJewani did not declare steelworth over Rs2 billion.
That steel, the Federal Board of Revenue (FBR), has said was also sold in the market.Not only that, the bureau has also accused Ahmad Hanif of evading overRs71 million in tax.
