ISLAMABAD: Federal Board of Revenue FBR has removed Director General Inland Revenue Intelligence and Investigation, Shah Muhammad (BS-21) from his office and posted him Member Admin FBR.
Sources said it was an out of the term transfer, and it was notified after Inland Revenue Intelligence and Investigation initiated proceedings in a case regarding suspected money laundering by Siraj Kassam Teli and his brother Haji Yasin.
The activities of these individuals are suspicious, as they have made repeated currency exchange transactions in a structured manner in a short span of time.
Teli is the Chairman of Businessmen Group (BMG) and former President of Karachi Chamber of Commerce and Industry (KCCI).
Siraj Kassam Teli is a very influential businessman, and it’s seems the PTI government’s Finance Minister succumbed to the pressure exerted by Teli.
Trade bodies are usually formed as pressure groups, and they mostly blackmail goverment’s functionaries for their vested interests.
An official said a large number of Businessmen were involved in duty/tax evasion, money laundering and other questionable activities, but the Inland Revenue in Karachi is reluctant to take action against them.
It may also be mentioned here that Inland Revenue Intelligence not only initiated a case against Teli; a notice was also sent to talk show host Hamid Mir seeking source of investemnt in a property in Dubai, UAE.
Asim Ahmed (BS-21) is posted as the new Director General of Inland Revenue Intelligence and Investigation.