Offshore saga: FBR probes transfer of over $4bn to India
Amid Panama storm, another wicked practice in the name of offshore companies has been uncovered. It was revealed that 4.7 billion US dollars were siphoned off to India via Dubai, which the World Bank also confirmed in its report.
Sources within the FBR said that the amount was transferred painting it as real estate investment.
Those involved in sending these billions of dollars include the ones who are not a tax payer in Pakistan in the first place.
Initially 462 people have been marked whose assets or holdings do not match with the huge sums sent abroad.