Lahore: Arrests in Rs10bn tax fraud case
LAHORE: The Lahore directorate of customs intelligence has arrested two more men – Abbad Muhammad Zuberi and Muhammad Ejaz – for their alleged involvement in a major tax fraud case of around Rs10 billion.
The fraud involves issuance of fake sales tax invoices for generating illegal input tax adjustment/refund. The directorate has so far recovered Rs1.2 billion in the case over the last one year.
The directorate had earlier arrested six people – Khalid Mehmood, Khalil, Rana Saqeem, Rana Shahzad, Muhammad Azam Qadri and Ikhlaq Ahmad – in connection with the same case on March 25 and April 1.