A homeless man in Lahore had two accounts in a Swiss financial institution, with a blended stability of around 4 billion rupees. Muhammad Javed has in no way travelled outside of Pakistan. He did now not have a bank account in Pakistan, nor became he registered with the Federal Board of Revenue to pay taxes.
Hard to believe? Yes, but the money owed had been opened in his call, which has been validated. It has been proven another time that the education of making fake debts isn’t constrained to Pakistan; Swiss banks have additionally achieved so. At least in this instance.
Javed became best 26 years vintage when the first company account in his name turned into opened at Credit Suisse in 2003.
He became a manufacturing employee at the time, earning handiest Rs200 to Rs300 in keeping with day. He failed to actually have a passport at the time, that’s required to open an account overseas.
This account reached a top quantity of Rs3.4 billion in 2005, only a week before Javed obtained his first passport and registered to tour to Malaysia for stepping towards income opportunities. Javed was not able to travel due to the fact he lacked the Rs150,000 demanded by the agent. He never updated his passport after that.
