FBR Exposes Network Responsible for Tax Fraud Totaling Over Rs. 21 Billion
As part of the nationwide crackdown on tax evasion led by the Federal Board of Revenue (FBR), the Directorate General of Intelligence & Investigation-Inland Revenue in Hyderabad and Karachi has uncovered a network of tax fraudsters responsible for causing significant losses to the national treasury.
After a comprehensive investigation, both directorates in Hyderabad and Karachi have filed First Information Reports (FIRs) against M/s Rehman Enterprises and M/s ZA Impex for tax fraud totaling Rs. 10 billion and Rs. 11.692 billion, respectively, under the Sales Tax Act of 1990.
The probe revealed the involvement of organized groups in setting up fictitious units/companies and issuing counterfeit sales tax invoices. The Financial Monitoring Unit provided further validation of this fraudulent activity through detailed Financial Intelligence reports (FIs).
In attempts to hinder the investigation and influence proceedings, the accused lodged numerous complaints against officers of the Directorate General of I&I-IR on various platforms. Recently, a Private Complaint was filed in the court of Special Judge Central-I, Lahore, making baseless allegations against the DG I&I-IR and other officers. This complaint was suspended by the Lahore High Court on June 3, 2024.
The FBR and its field formations remain steadfast in their commitment to apprehend and prosecute individuals involved in tax-related fraud. By holding these fraudsters accountable, not only will revenue totaling billions of rupees be safeguarded, but a fair and equitable environment will also be nurtured for genuine taxpayers, stated the FBR in its announcement.
