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FBR busts Rs9.41bn wealth statement fraud
ISLAMABAD: The Federal Board of Revenue (FBR) has busted a fraud in which taxpayers illegally revised their old wealth statements to bring unexplained assets worth Rs 9.41 billion into their declared wealth. A criminal case under the Anti-Money Laundering Act, 2010 has been registered, and further cases are being processed. The fraud was unearthed by the Directorate General of Intelligence and Investigation (Inland Revenue) through a detailed analysis of FBR’s database, carried out with the support of Pakistan Revenue Automation Limited (PRAL). The analysis identified 85 taxpayers who, between...
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