NBR seeks accounts info of 16 from banks, NBFIs
Wednesday, 17 September 2008
FE Report
The National Board of Revenue (NBR) has asked the commercial banks and the non-banking financial institutions (NBFIs) to provide information about bank accounts of 16 individuals including a former state minister and a secretary within a week.
The central intelligence cell (CIC) of the NBR has issued a letter to the banks and the NBFIs asking the managing directors concerned to take necessary measures in this connection.
The CIC has also asked the banks and NBFIs to provide updated information about current and savings accounts and credit cards of the persons within the given time.
Most of the banks have started the process of collecting account information of the individuals for sending the report to the NBR in time, according to banking sector sources.
The individuals include former state minister for the Ministry of NGO Affairs Lutfar Rahman Khan Azad and former energy secretary Toufique-e-Elahi Chowdhury.
The NBR has, so far, sought information about 500 accounts on suspicion of tax evasion.
The central bank earlier had asked the banks and NBFIs to cooperate with the law enforcing agencies by providing information about transactions by individual graft suspects.
The National Board of Revenue (NBR) has asked the commercial banks and the non-banking financial institutions (NBFIs) to provide information about bank accounts of 16 individuals including a former state minister and a secretary within a week.
The central intelligence cell (CIC) of the NBR has issued a letter to the banks and the NBFIs asking the managing directors concerned to take necessary measures in this connection.
The CIC has also asked the banks and NBFIs to provide updated information about current and savings accounts and credit cards of the persons within the given time.
Most of the banks have started the process of collecting account information of the individuals for sending the report to the NBR in time, according to banking sector sources.
The individuals include former state minister for the Ministry of NGO Affairs Lutfar Rahman Khan Azad and former energy secretary Toufique-e-Elahi Chowdhury.
The NBR has, so far, sought information about 500 accounts on suspicion of tax evasion.
The central bank earlier had asked the banks and NBFIs to cooperate with the law enforcing agencies by providing information about transactions by individual graft suspects.