KARACHI: The Islamabad High Court has quashed the FIR 04/2021 against Altaf Ahmed Gondal in the money laundering case. The case was lodged by Directorate of Customs Intelligence and Investigation.
Counsel for the petitioner contended that the Act of 2010 has prospective operation and therefore the proceedings initiated against the petitioner Altaf Ahmed Gondal are without lawful authority and jurisdiction.
Court noted that the impugned FIR and show cause notice were carefully perused, which unambiguously show that the allegation against the petitioner was regarding non-declaration or concealment of assets.
The department failed to show any material to establish the existence of the ingredients of the offence of money laundering described under the Act of 2010.
It was a case of concealment of assets and did not attract the offence of money laundering under the Act.
Sharjeel Jamal of UTrade Logistics lodging of such cases only caused hardships to the taxpayers and resulted in sheer loss of government resources.