FBR books three for issuing fake invoices
The fraudulent factory owners have been identified as Syed Jawad Arshad, Rehman Khan and Muhammad Younis Siyani
Federal Board of Revenue PHOTO: AFP
KARACHI:
The Federal Board of Revenue's (FBR) Regional Tax Office (RTO) Karachi-I registered on Tuesday three separate cases against as many factory owners for allegedly issuing flying and bogus invoices and collecting millions in return. The cases were registered after the completion of thorough investigations.
According to sources affiliated with FBR, records of transactions made via the accused factory owners' bank accounts have also been sought and letters sent to the Sindh Board of Revenue, Defence Housing Authority and Bahria Town to gather details of properties owned by them.
The fraudulent factory owners have been identified as Syed Jawad Arshad, accused of committing a fraud of Rs114 million, Rehman Khan, accused of committing a fraud of Rs85 million and Muhammad Younis Siyani, accused of committing a fraud of Rs31 million.
Published in The Express Tribune, January 22nd, 2020.
The Federal Board of Revenue's (FBR) Regional Tax Office (RTO) Karachi-I registered on Tuesday three separate cases against as many factory owners for allegedly issuing flying and bogus invoices and collecting millions in return. The cases were registered after the completion of thorough investigations.
According to sources affiliated with FBR, records of transactions made via the accused factory owners' bank accounts have also been sought and letters sent to the Sindh Board of Revenue, Defence Housing Authority and Bahria Town to gather details of properties owned by them.
The fraudulent factory owners have been identified as Syed Jawad Arshad, accused of committing a fraud of Rs114 million, Rehman Khan, accused of committing a fraud of Rs85 million and Muhammad Younis Siyani, accused of committing a fraud of Rs31 million.
Published in The Express Tribune, January 22nd, 2020.