The Commissionerate of Anti-Benami Initiative (ABI), Islamabad, has confiscated its first-ever immovable properties.
\nAccording to a press release issued by the Federal Board of Revenue here Saturday, the ABI Commissionerate confiscated Plot No. 168-A (Corner), area 816 sq yards and Plot No. 174-A (Corner), area 991 sq yards, Block H, Pakistan Employees Cooperative Housing society (PECHS) under Benami Transactions (Prohibition) Act, 2017.
\nThese plots have been officially transferred to the Federal Government of Pakistan, with all rights and titles now vest in the Federal Government.
\nThe investigation commenced following a complaint indicating potential benami ownership of the aforesaid properties.
\nUpon inquiry, it was revealed that the individual listed as the owner was not registered with the Federal Board of Revenue (FBR) and disclaimed any knowledge of these properties.
\nThe Benamidar has stated that her Computerized National Identity Card (CNIC) has been misused for registration of these plots.
\nSubsequent to a thorough investigation, a reference was filed before the Benami Adjudicating Authority Bench-I Islamabad, and the case was decided in favor of the Benami Zone-I, Islamabad.
\nMoreover, the Adjudicating Authority has also issued confiscation order of these properties.
\nFollowing the completion of all legal procedures, the properties were confiscated with the assistance of local law enforcement agencies.
\nThis action aligns with the government\u2019s intensified efforts against benami assets, which gained momentum in July 2019 with the establishment of three Ani-Benami Zones across the country.
\nThese zones, operating under the supervision of a Directorate General ABI, have filed over 187 references involving various categories of assets, including shares, bank accounts, vehicles, land and buildings.
\nThe ABI Zone-I, Islamabad, has been actively involved in identifying and investigating benami properties in the Province of KP, Civil Division of Rawalpindi and Islamabad Capital Territory.
\nThe successful confiscation of these plots mark a significant step in the government ongoing campaign to eliminate benami transactions, non-documentation of economy, detect\/catch the ill-gotten and untaxed money, curb white collar crimes and generate resources for the state.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Commissionerate of Anti-Benami Initiative (ABI), Islamabad, has confiscated its first-ever immovable properties. According to a press release issued by the Federal Board of Revenue here Saturday, the ABI Commissionerate confiscated Plot No. 168-A (Corner), area 816 sq yards and Plot No. 174-A (Corner), area 991 sq yards, Block H, Pakistan Employees Cooperative Housing society […]<\/p>\n","protected":false},"author":2,"featured_media":484209,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-484199","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business"},"yoast_head":"\n