FBR attaches Benami properties worth Rs4 billion; issues 104 notices

FBR attaches Benami properties worth Rs4 billion; issues 104 notices

ISLAMABAD: Federal Board of Revenue (FBR) on Friday said that it has attached Benami properties worth Rs4 billion in 15 cases.

“Properties having worth Rs. 4 billion including bank accounts, shares and land in 15 cases have already been attached.”

The FBR said that one out of the above mentioned 15 cases, involving 7,128 Kanals of land having worth of Rs. 700 million was attached. Reference in this case is pending for adjudication.

The FBR said that in pursuance of prime minister’s directive, FBR Anti Benami Zones have started a country wide exercise to gather information of Benami properties from Provincial Revenue/ Development Authorities, ICT Administration. Senior officers of these Authorities have been given a briefing on Benami laws along with guidelines for identification and reporting of all such properties.

FBR Anti Benami Directorate is currently investigating 79 Beneficial Owners having104 Benami properties, out of which 58 are located in Karachi, 18 in Lahore and 28 in Islamabad.

Summons have been issued to buyers and sellers of these properties, the FBR added.

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