The National Accountability Bureau (NAB), Rawalpindi has extended the ambit of inquiry into fake bank accounts scam to the transactions of Rs. 1.22 billion in M/s Opal 25 (JV) between M/s Bahria Town, M/s Zardari Group and others, it is learnt here.
In latest development, the NAB Rawalpindi has sent a letter to the chairman FBR, seeking information under section 19 of National Accountability Ordinance 1999 for inquiry against the holders of public office, legal persons and others in fake bank accounts scam regarding the transactions of Rs. 1.22 billion in M/s Opal 25 (JV) between M/s Bahria Town Pvt Limited, M/s Zardari Group Pvt Limited and others.
Sources said that M/s Opal 25 (JV) was registered in Large Taxpayers Unit (LTU)-II, Karachi as association of person (AoP) firm and was engaged in a business of construction and market of land/building as contractors in joint venture project between M/s Bahria Town and M/s Zardari Group.
They said that NAB Rawalpindi during inquiry into fake bank accounts scam came to know about the transactions of Rs. 1.22 billion in M/s Opal 25 between M/s Bahria Town, M/s Zardari group and others.
Keeping in view the said events, the NAB Rawalpindi has asked the FBR to provide financial details including complete income tax returns along with audit reports and financial statements from the inception of these companies till date.
Sources said that NAB Rawalpindi team would meet the FBR officials on February 13, 2019 (today) to collect financial details of all beneficiaries of the said transactions including M/s Bahria Town, M/s Zardari Group, M/s Dream Trading, M/s Ocean Enterprises and M/s Galaxy Construction Pvt Limited.
They said that out of these five companies, M/s Bahria Town was the only company registered in LTU, Islamabad while M/s Zardari Group was registered in LTU-II, Karachi while rest of the companies were enrolled in RTO-II, Karachi.
Sources said the FBR had gathered all financial details of these companies from its tax offices and would submit the same to the NAB Rawalpindi team on February 13, 2019.