The discovery of Pakistan’s most significant tax fraud, amounting to astaggering Rs314 billion, was reported by ARY News on Monday. The FederalBoard of Revenue (FBR) played a pivotal role in uncovering this fraudulentscheme, which was orchestrated by a fictitious entity known as K H & Sons.Intriguingly, K H & Sons only existed in the realm of paperwork, and itsregistration was tied to a benami individual, Muhammad Kashif.
Investigations into this sham company revealed that its purported businesswas in the iron and steel sector. However, its listed addresses includedLiaquat Market, Agri Market, and M A Jinnah Market. These revelationshinted at a complex web of deception, where the name of the fake companywas exploited for various illicit activities.
Surprisingly, despite the substantial sum involved in the tax fraud, theFBR had not initiated any legal proceedings as of yet. Concerns were raisedthat further delays in registering the First Information Report (FIR) couldpotentially allow the accused to escape abroad, exacerbating the situation.
In a separate but equally significant development, the FBR recentlyapprehended four suspects involved in a tax invoice scam worth Rs11billion. The scheme involved a fraudulent sales tax invoice mafia, and theFBR’s diligent efforts led to the arrest of these individuals.
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One of the suspects was caught red-handed while filing fake sales taxreturns for numerous dummy firms from his residence. The second culprit wasapprehended at the PRAL Call Centre in Islamabad, where he worked as afacilitation officer. Additionally, FBR officials managed to recover Rs1.6billion in fake output tax data from the PRAL official’s computer. All foursuspects hailed from Karachi, further underscoring the breadth of thisillicit operation.
