NAB Karachi arrests two for tax fraud

Illegal acts of the accused resulted in a loss of Rs111.477m to the national exchequer: NAB spokesperson


Our Correspondent August 23, 2017
They manipulated requisite records on the basis of fake, bogus and forged documents for their personal gain as well as that of officers and officials of FBR. PHOTO: Nab.gov.pk

KARACHI: The National Accountability Bureau (NAB), Karachi detained on Wednesday two persons accused of obtaining illegal tax refunds on the basis of fake invoices.

According to a NAB spokesperson, officials carried out multiple raids in several parts of the city late Tuesday evening, taking into custody Inam Butt and Syed Ali Jawad Gulshan-e-Iqbal and Airport Road respectively.

The nabbed persons were wanted in a case against proprietors of Shayan International.

The reference, according to the statement, involves eight accused persons, including officials of the Federal Board of Revenue (FBR) Karachi.

The two have been charged for working in active connivance with officers and officials of the FBR as well as bogus and non-existent firm owners.

These illegal acts, the statement said, resulted in loss to the national exchequer of Rs111.477 million. Both the arrested will be produced before an accountability court, it added.

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