FBR Intelligence Wing Registers Rs 329.6 million Tax Evasion and Money Laundering Case Against FESCO Chief and Sons

FAISALABAD: 19 October 2026 (DIGITAL ITLA): The Directorate of Intelligence and Investigation Inland Revenue Faisalabad has registered a major corruption and tax evasion case involving Rs 329.6 million against the Chief Executive Officer of Faisalabad Electric Supply Company (FESCO) and his family members.

According to official details, FIR No. 15/2026 was formally lodged on October 15, 2026, following a thorough forensic audit and scrutiny of tax returns and wealth statements spanning multiple tax years, including 2025 and 2026. The FIR names Muhammad Amir (FESCO Chief) along with his three sons—Muhammad Hadi, Muhammad Saad, and Muhammad Ibrahim—and other individuals.

The department’s investigation revealed significant discrepancies between declared income and accumulated assets. According to the FIR, repeated revisions were made to wealth statements, including a retrospective adjustment in the 2014 wealth statement which declared Rs 73 million in cash. Investigators noted that substantial sums were suspiciously transferred to family members as "gifts" to obscure the source of funds. Records indicate that Muhammad Hadi was allegedly transferred Rs 144.4 million in 2025 and an additional Rs 210 million in 2026, while Muhammad Saad and Muhammad Ibrahim received Rs 69.2 million and Rs 40 million respectively.

The Inland Revenue department stated that the illicit funds were utilized to acquire agricultural land in various areas of Faisalabad and Chak Jhumra, alongside high-value vehicles and bank deposits. Citing these financial maneuvers, the FBR has invoked Section 192 of the Income Tax Ordinance 2001 alongside relevant provisions of the Anti-Money Laundering Act 2010. Authorities confirmed that the accused were granted adequate opportunity to present clarifications and justifications within stipulated deadlines, but failed to provide satisfactory responses, prompting formal criminal and legal proceedings.