Javed Afridi strongly reacts over MG motors scam investigations by FIA
ISLAMABAD – Javed Afridi, who helped bring British carmaker MG (Morris Garages) to Pakistan, has hit out at the automobile giants in the country amid reports of a federal investigation into an under-invoicing scam.
“For decades, Pakistani automobile consumers have been exploited by cartels that cornered them with low quality, boring models at exorbitant prices. Plus, buyers had to pay billions of rupees to get delivery of the very vehicles the price of which they had already paid,” the KP-based businessman said in a post on his social media accounts.
“As new entrants bring in exciting new models at far lower prices, instead of competition, we expect maligning campaigns and baseless rumors.
“While we know that competition is an unfamiliar phenomenon in Pakistan's automobile industry, we invite everyone to join in a fair competition to serve Pakistani consumers with a bigger and better variety of vehicles at lower prices,” he added.
The statement of Javed Afridi, who is the CEO of MG Capital, comes hours after a local newspaper claimed that the Federal Board of Revenue (FBR) was reportedly investigating a mega under-invoicing scam showing the purported involvement of (Afridi’s) one of the new companies owned by a leading Chinese automobile corporation.