ISLAMABAD – Federal Board of Revenue unearths huge scam worth billions ofRupees in Pakistani Auto Sector.
A fraud worth millions of rupees has been discovered by the Karachi chapterof the Federal Board of Revenue (FBR) under which car dealers wereregistering cars by misusing the computerized national identity cards(CNICs).
While pursuing a case against Muhammad Khadeen, the Anti-benami Karachioffice of FBR uncovered a huge fraud along with tax evasion as per sources.——————————
The dealers were found to have registered around 400 luxury cars worthbillions in Khadeen’s name. Those alleged to be involved in this includeSuzuki Riaz Motors, Zeeshan Autos and Suzuki south and several othersub-dealers.
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The anti-benami initiative Zone-III has directed the car dealer to appearbefore them as per sources, the one who purchased the cars in Khadeen’sname from Pak Suzuki Motors. The sources added that the showroom’s ownersexpressed willingness to submit an amount worth millions.——————————
Aside from this, another case was found where a person from a car vendorbought 32 cars on a CNIC belonging to a deceased man and FBR has started acase against him.
