FBR intelligence wing arrests fake-invoices scam mastermind

ISLAMABAD: Federal Board of Revenue (FBR) intelligence wing has arrested the mastermind behind a network of fake companies. The suspect is allegedly involved in Sales Tax fraud worth billon of rupees.

As per the details, FBR’s Directorate General of Intelligence & Investigation (Inland Revenue) Islamabad, on information provided by an informant, has arrested a suspect from jurisdiction of Police Station Sadiqabad, Rawalpindi.

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The suspect was involved in business transactions related to fake and flying invoices and was the mastermind behind a network of fake companies. Sources said that tax liability against the accused is Rs 96 million and he was providing services to different companies operating in Multan, Lahore, Rawalpindi and other cities.

Physical remand of the suspect has also been obtained from the Special Court, Rawalpindi. During Investigation, the suspect has identified other abettors/accomplices who are also engaged in Sales Tax fraud.

Sources said that the accused was arrested after his return to Azerbaijan and further arrests are also anticipated in this case. It is pertinent to note that Directorate General has been working on unearthing people involved in fake and flying invoices and a few days ago, an FIR was also registered on Rs 69 billion scam.