KARACHI: The Intelligence & Investigation-Inland Revenue (I&I-IR) has raided another exhibition organized by a real estate company of Dubai, NSHAMA at PC Hotel Karachi.
NSHAMA is a leading builder of Dubai. NSHAMA’s mastermind is ReghuRaj Balkrishna who is an Indian national. The NSHAMA’s team came in Pakistan a day earlier, it was led by Williams.
The I&I-IR’s raiding team was led by three Deputy Directors and has confiscated the laptop and Ipads of NSHAMA’s employees. These articles will be scrutinized for data retrieval of Pakistanis who wanted to send their black money out of Pakistan via money laundering due to fear of ongoing financial operation.
Total three exhibitions have been raided so far. Earlier, the exhibition of Damac Properties and another UAE based real estate developer were also raided. Intelligence sources said that investigations are underway to identify the involvement of foreign agencies particularly India.
Trade bodies are pressurizing the authorities, sources said that these trade bodies were in fact against the interests of the country and whenever the authorities take any action against unscrupulous elements, these trade bodies use their influence to stop the same.
DG I&I Customs Lutfullah virk planned to raid the godowns/warehouses full with smuggled goods, but the pressure by these so called trade bodies increased and that campaign had to be stopped.
A senior official said that office bearers of prominent trade bodies were involved in high-level corruption and money laundering. It is the need of hour that a code of conduct should be framed for these trade bodies and a strict vigilance should be kept on the affairs of this mafia.
Another official said that there were sufficient evidence regarding the involvement of the office bearers and members of various trade bodies in corrupt as well as criminal activities including money laundering and the concerned authorities particularly army high-ups should take note of this situation and a ‘crack down’ should be initiated against this mafia.