Customs probes suspected money laundering in imports from China
(WorldNews Pakistan)

KARACHI: : Customs authorities have initiated money-laundering and tax evasion probe into the transfer of billions of rupees worth of foreign currency through hawala into bank accounts mostly in China for import of packaging material by at least two local importers, sources said on Friday. Authorities discovered Multan-based importers are involved in clearance of package material of food products by way of mis-declaration and concealment of actual transactions value, and suspected money laundering, a source said. “Customs authorities had approached Chinese customs authorities for obtaining details of the invoices issued by Chinese manufacturers and mode of payment used by the Pakistani...