Investigations revealed a well-organized operation involving fake companies and bogus sales tax invoices.
KARACHI: The Federal Board of Revenue (FBR) has cracked down on a network of tax evaders who bilked the national treasury out of billions of rupees, according to a press release.
The Directorate General of Intelligence and Investigation-Inland Revenue (I&I-IR) units in Hyderabad and Karachi unearthed the scheme. M/s Rehman Enterprises and M/s ZA Impex were identified as the linchpins, allegedly dodging taxes to the tune of Rs. 10 billion and Rs. 11.692 billion respectively. Cases have been registered against them under the Sales Tax Act, 1990.
Investigations revealed a well-organized operation involving fake companies and bogus sales tax invoices. The Financial Monitoring Unit (FMU) corroborated the fraudulent activity through detailed financial intelligence reports.
In an attempt to stall investigations, the accused bombarded I&I-IR officers with complaints across various platforms. Most recently, a baseless complaint against the Director General of I&I-IR and other officers was filed in a Lahore court. However, the Lahore High Court dismissed the complaint on June 3rd.
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The FBR remains committed to pursuing and prosecuting tax evaders. By holding these fraudsters accountable, the press release emphasized, the government aims to not only recover billions in lost revenue but also create a fair and transparent environment for legitimate taxpayers.
