KARACHI: (HRNW) The Federal Board of Revenue (FBR) benami zone has confiscated 19 luxury vehicles in Karachi besides directing real owners to contact authorities within one week for verification of the records.
The 19 luxury vehicles worth approximately Rs120 to Rs150 million include two BMW, two Mercedes-Benz, seven Toyota and one Cadillac.
According to FBR spokesperson, the expensive vehicles have been bought through benami (undeclared) transactions, whereas, the initial investigation revealed its registrations with different names of ‘benami employees’.
The purchases of the luxury vehicles were registered with some identity cards of the ’employees’ having no bank accounts or accurate records, added the spokesperson.
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