KARACHI: MCC Exports Air Freight Unit has lodged another FIR against a jewelry exporter for furnishing fake and fabricated Form-E and depriving the economy of valuable foreign exchange
worth $17.3 million.
According to details of the case, information was received that M/s Rubab Corporation Karachi had exported consignments of Gold and Jewelry and sought clearance thereof against fake and forged Form E.
For this purpose and in order to verify the genuiness of the information scrutiny of the export documents of M/s Rubab Corporation Karachi for the export of gold and jewelry was conducted. During thorough probe of documents it was revealed that 31 consignments to have been exported by presenting fake Forms’ E.
The concerned bank was approached to ascertain genuiness/authenticity of Forms-E and replied that the Forms’-E have not been issued by the bank and are not genuine.
It has been established that M/s Rubab Corporation Karachi have submitted false/forged documents (Forms’ E) in connection with matter related to Customs, interalia to avoid realization of foreign remittances in Pakistan. An FIR is lodged against Syed Mohammad Qavi of M/s Rubab Corporation and further investigation is underway.
The Directorate of Internal Audit (Customs) team headed by Additional Director Umar Shafique unfolded a multi-pronged scam, wherein not only the national exchequer was deprived of billions of rupees, it also involves forgery of documents as well as money laundering in respect of import and export of GOLD and other precious metals.
Model Customs Collectorate of Exports has already lodged an FIR against Bilal Qamar of M/s B.D Enterprises, Customs agents M/s Kashan Enterprises and M/s Amir Sons.
The entire gold and jewelry export data is being scrutinized and more FIRs are anticipated going forward.