In a move against suspected benami transactions, the Federal Board of Revenue’s (FBR) Anti-Benami Zone-I has provisionally attached a plot of land on the prominent Jinnah Avenue in Islamabad. The land, intended for the construction of a large mall, is believed to be owned by a benamidar, a front person holding property for the benefit of another individual.

The FBR has issued a provisional attachment order for the multi-story commercial tower, effectively halting any transfer of ownership or benefit from the property. Additionally, the Capital Development Authority (CDA) has been directed to restrict any transfer of the land until further investigation is completed.

The case revolves around suspicions that the land, currently being developed by a major private real estate company, actually belongs to another company acting as a benamidar. The FBR has issued show-cause notices to the suspected benamidar, the beneficial owner, and other involved parties.

This action falls under the Benami Transactions (Prohibition) Act, 2017, which aims to curb the practice of holding property in the name of others to conceal ownership and evade taxes. The FBR’s Anti-Benami Zones are actively pursuing such cases to ensure transparency and accountability in property ownership.

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ProPakistani, while citing sources, said that a commercial plaza is being built on this plot with the name of Mall of Islamabad and a company, namely, Vicky Trading Pvt limited, is the benamidar.