ISLAMABAD: Federal Board of Revenue (FBR) has unearthed benami properties amounting Rs8 billion of politically exposed persons (PEP), according to data made available on Monday.
The anti-benami zones of the FBR have attached 6 immovable properties and finalized 10 cases against PEP. The FBR summoned 140 politically exposed persons to explain the source of income for purchasing properties. The anti-benami zones filed six references against PEPs.
According to details around 35 beneficial owners have been detected to have benami properties as PEPs. The highest number of cases detected in Lahore zone while five each cases detected in Karachi and Islamabad.
These PEPs have purchased properties in the names of 90 benamidars. The highest number of 56 benamidars of PEPs was identified by Lahore zone, 24 by Karachi and 10 by Islamabad.
