Yet another mega scam worth Rs 40 billion unearthed: Sources
KARACHI - Yet another scam worth Rs 40 billions is surfacing in Pakistan.
Media report has revealed that atleast Rs40 billion of sales tax refund scam being unearthed by the FIA.
Influentials are suspected to channelise fake trade invoices worth Rs 40 billion.
Sources said the latest discoveries of fake bank accounts by the Federal Investigation Agency (FIA) will unfold mega sales tax refund scam as thousands of bogus companies were found registered to issue fake and ‘flying’ invoices.
Recently, the FIA detected transactions amounting billions of rupees in a bank account owned by Muhammad Qadir, an ice cream seller. The bank account was allegedly opened using Qadir’s computerised national identity card number and huge transactions were found made through the account.