FBR has uncovered the largest tax fraud in the country’s history, with avalue of billions of rupees. According to details, the Tax Fraud DirectorGeneral of Internal Audit Inland Revenue’s team apprehended a fake companynamed H&S Sons, which had committed a tax fraud worth 314 billion rupees.
The company falsely claimed iron and steel business in its documents andprovided addresses such as Liaquat Market, Aga Khan Market, and M.A. JinnahRoad Market in Karachi for registration.
The fake company was used for various illegal purposes, and despite therevelation 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 AuditInland Revenue’s team apprehended a fake company named H&S Sons, which hadcommitted a tax fraud worth 314 billion rupees.
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According to sources, the mentioned company exists in documents but has noreal presence, and the fraudulent company was registered under the name ofan anonymous individual, Muhammad Kashif.
