You are grossly misled by a totally planted show. Arshad Sharif never raised the real question ... well here it is and do let me know what Ferguson or any other auditor firm has to say about it
Well I never watched his show. This is my own opinion.
And I used to work in AFF some ten years back and assisted in providing tax services as well. Based on my interpretation, benami transaction wasn't prohibited before law was passed. Also, still the law doesn't consider any transfer to close relatives as a benami transaction.
I don't know what IK has to say or what Arshad Sharif said in the program and I haven't watched the clip you posted. But thanks anyway..