In a significant breakthrough in the national drive against tax crimes, the Federal Board of Revenue (FBR) has uncovered a network of tax fraudsters responsible for defrauding the national exchequer of over Rs. 21 billion. The Directorate General of Intelligence & Investigation-Inland Revenue (I&I-IR) in Hyderabad and Karachi played a crucial role in this operation.
Following a comprehensive investigation, both the Hyderabad and Karachi Directorates registered FIRs against M/s Rehman Enterprises and M/s ZA Impex. These firms were implicated in tax frauds amounting to Rs. 10 billion and Rs. 11.692 billion, respectively, under the provisions of the Sales Tax Act, 1990.
The investigation revealed the involvement of organized groups in creating fake units and companies and issuing fraudulent sales tax invoices. The Financial Monitoring Unit confirmed this activity through detailed Financial Intelligence reports (FIs).
To delay proceedings and influence the inquiry, the accused lodged numerous complaints against the officers of the Directorate General of I&I-IR across 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.
In its statement, the FBR emphasized its commitment to apprehending and prosecuting individuals involved in tax fraud. By holding these fraudsters accountable, not only will billions of rupees be safeguarded, but a fair and equitable environment for genuine taxpayers will also be fostered.
The FBR remains resolute in its mission to combat tax-related fraudulent activities and ensure justice for all taxpayers.
