FBR uncovered biggest tax fraud in country's history
Shares
FBR has uncovered the largest tax fraud in the country's history, with a value of billions of rupees. According to details, the Tax Fraud Director General of Internal Audit Inland Revenue's team apprehended a fake company named H&S Sons, which had committed a tax fraud worth 314 billion rupees.
The company falsely claimed iron and steel business in its documents and provided addresses such as Liaquat Market, Aga Khan Market, and M.A. Jinnah Road Market in Karachi for registration.
The fake company was used for various illegal purposes, and despite the revelation of a 314 billion rupee fraud, FBR has not yet filed any cases. Due to the absence of FIRs, the suspects can potentially flee the country. According to FBR sources, the Tax Fraud Director General of Internal Audit Inland Revenue's team apprehended a fake company named H&S Sons, which had committed a tax fraud worth 314 billion rupees.
According to sources, the mentioned company exists in documents but has no real presence, and the fraudulent company was registered under the name of an anonymous individual, Muhammad Kashif.
