FBR unveils Rs106 billion solar panel import scam

FBR unveils Rs106 billion solar panel import scam

The Directorate of Customs Post Clearance Audit South, operating under the Federal Board of Revenue (FBR), has uncovered a massive money laundering scheme worth over Rs106 billion, disguised as solar panel imports. According to Express News, the operation involved seven fake companies, and the FBR has now filed cases against them. The companies implicated in the scandal include: Messrs Sky Linkers Trading Company Peshawar, Messrs Sky Linkers Bus…

Rs. 106 Billion Money Laundering Scam in Solar Panel Imports Revealed!

A massive Rs106 billion ($375 million) money laundering scheme disguised as solar panel imports has been exposed by the Directorate of Customs Post Clearance Audit (PCA) South, operating under the Federal Board of Revenue (FBR). The alleged perpetrators, two brothers identified as Rab Nawaz and Ahmed Nawaz, are accused of orchestrating an elaborate scam involving over-invoicing, shell companies, and dual financial transactions to launder billion…

‘Fake’ imports of solar panel: PCA unearths Rs106bn money laundering

KARACHI: Post Clearance Audit (PCA), South has uncovered another massive money laundering scam involving Rs 106...