HSJ Builders and Developers booked for laundering over 3 billion rupees
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Customs Intelligence of the Federal Board of Revenue (FBR) has registered a money laundering case against a builder and developer firm in Karachi, reported 24NewsHD TV channel on Saturday.
According to the FBR’s allegation, HSJ Builders and Developers, a company owned by Hanif Jewani and Ahmad Hanif Jewani, which is going to launch HSJ Icon, a housing society, had laundered over Rs3 billion.
The bureau has further claimed that the builders, who had started their business with a black money, are non-filers as well as non-registered.
Another allegation is that Ahmad Hanif Jewani did not declare steel worth over Rs2 billion.
That steel, the FBR, has said was also sold in the market.
Not only that, the bureau has also accused Ahmad Hanif of evading over Rs71 million in tax.
Reporter: Waqas Azeem