The Federal Board of Revenue (FBR) has registered a money laundering case against Faisalabad Electric Supply Company (FESCO) Chief Executive Officer Muhammad Amir and his three sons over alleged tax evasion involving Rs329.65 million, according to ARY News.
The report, published on October 19, 2026, says the case was registered by the FBR’s Directorate of Intelligence and Investigation, Inland Revenue, following a complaint filed by Inland Revenue Inspector Muhammad Usman. Amir’s sons, Muhammad Hadi, Saad and Ibrahim, have also been named.
FBR Alleges Revisions to Earlier Asset Declarations
According to the report, Amir initially declared assets worth Rs3.5 million for the 2014 tax year. The declared value was later revised to approximately Rs730 million during the 2025–26 financial year.
The case reportedly concerns changes to wealth statements for earlier tax years. The allegations raise questions about whether the revisions complied with tax law and whether the declared assets could be supported by lawful sources.
The broader investigation was confirmed by the FBR in its September 30, 2026, press release on suspected wealth-statement fraud. The authority said 85 taxpayers had revised old wealth statements between March 2025 and June 2026, adding previously undeclared assets worth Rs9.41 billion.
The FBR said the revisions involved tax years 2014 to 2019 and included cash, gold, prize bonds, properties and business capital. It also reported that 48 criminal inquiries had been launched across the country.
However, the FBR’s public statement does not name Amir or his sons. The specific allegations against them are therefore based on reporting about their case, not on the nationwide statement alone.
Three Sons Also Named in the Case
Amir’s three sons are named in the case, but the initial ARY News report does not provide a detailed breakdown of the allegations against each individual.
Minute Mirror’s report on the case contains additional claims about wealth-statement revisions, assets and transactions involving family members. These details should be treated as reported allegations unless confirmed through official case documents or subsequent court proceedings.
Being named in a criminal case does not establish guilt. The evidence and the individual role of each accused person must be assessed through the legal process.
Wider Investigation Into Suspected Tax Fraud
The FBR’s wider inquiry focuses on taxpayers who allegedly amended old wealth statements to include assets that had not previously been declared.
In its official announcement, the authority said its analysis identified revisions made beyond the five-year period specified under the explanation to Section 116(3) of the Income Tax Ordinance, 2001. The FBR said further cases were being processed.
The nationwide findings provide context for the reported FESCO case, but they should not be taken as independent proof of every allegation against Amir and his sons.
The outcome of the case will depend on the evidence presented to the relevant authorities and courts. No final judicial finding of guilt was identified in the sources reviewed for this report.
