NAB Arrests Two For Facilitating Illegal Tax Refunds

National Accountability Bureau (NAB), Karachi office here on Wednesday announced arrest of facilitators of a local firm M/s Shayan International alleged to had acquired illegal tax refunds through fake invoices

KARACHI, Aug. 23 (UrduPoint / Pakistan Point News - 23rd Aug, 2017 ) : National Accountability Bureau (NAB), Karachi office here on Wednesday announced arrest of facilitators of a local firm M/s Shayan International alleged to had acquired illegal tax refunds through fake invoices.

Inam Butt and Syed Ali Jawad arrested from remits of Gulshan-e-Iqbal and airport road Karachi, have been charged to be party in causing loss worth Rs.111.477 million to the national exchequer. The two have been referred as agents who had been working in active connivance with Federal Bureau of Revenue (FBR), Karachi, officials and owners of bogus and non-existent firms.

It wass alleged that they manipulated requisite record on the basis of fake, bogus and forged documents for their personal gain and gain of alleged officials of FBR - Karachi.

The two were said to had confessed of running a racket of organized crime comprising bogus firms to acquire illegal refunds.

According to NAB - Karachi officials interrogation is likely to lead to arrest of other members of the racket including officers of FBR as well as private agents. The accused arrested Tuesday evening will soon be produced before Accountability Court Karachi for remand.

Meanwhile, the relevant reference was said to involve eight others including private persons and officials of FBR - Karachi. Of them, one accused was said to be already arrested and under judicial custody.