{"id":30745,"date":"2024-03-26T17:31:39","date_gmt":"2024-03-26T12:31:39","guid":{"rendered":"https:\/\/dailyausaf.com\/en\/?p=30745"},"modified":"2024-03-26T17:31:39","modified_gmt":"2024-03-26T12:31:39","slug":"massive-tax-fraud-fia-arrests-private-company-owner-son","status":"publish","type":"post","link":"https:\/\/dailyausaf.com\/en\/pakistan\/massive-tax-fraud-fia-arrests-private-company-owner-son\/","title":{"rendered":"Massive Tax fraud: FIA arrests private company owner &#038; son"},"content":{"rendered":"<p>KARACHI: Federal Investigation Agency (FIA) has arrested a business man and his son following allegations of involvement in a massive tax fraud amounting Rs 5 billion.<\/p>\n<p>FBR has confirmed that the company is suspected of using fake sales invoices to evade taxes worth billions.<\/p>\n<p>An investigation by the Federal Board of Revenue has revealed that the company, associated with individuals named Nawab Khan and Aftab, is linked to the fraudulent activity.<\/p>\n<p>The fraudulent scheme primarily targeted the steel sector in Karachi, as disclosed by the FBR.<\/p>\n<p>According to the statements from the FBR indicated that both the father and son were arrested in Karachi, with a case officially registered against them.<\/p>\n<p>Over the course of three months, the FBR conducted an extensive probe into the company\u2019s records.<\/p>\n<p>In the investigation, it was discovered that Nawab Khan was directly involved in issuing fake receipts and deceived buyers with fake invoices to generate false tax returns.<\/p>\n<p><em><strong>Read more:\u00a0<a href=\"https:\/\/dailyausaf.com\/en\/pakistan\/fbr-outlines-new-registration-process-for-importers-of-unregistered-mobile-phones\/\">FBR outlines new registration process for importers of unregistered mobile phones<\/a><\/strong><\/em><\/p>\n<p>The company under scrutiny made substantial local purchases amounting to Rs 13.88 billion from December 21, 2023, to February 23, 2024, according to FBR findings.<\/p>\n<p>Moreover, the FBR expressed concerns over a disputed claim of Rs 2.36 billion in tax input.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>KARACHI: Federal Investigation Agency (FIA) has arrested a business man and his son following allegations of involvement in a massive tax fraud amounting Rs 5 billion. FBR has confirmed that the company is suspected of using fake sales invoices to evade taxes worth billions. An investigation by the Federal Board of Revenue has revealed that [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":30746,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,2],"tags":[567,849,131,296],"class_list":["post-30745","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-pakistan","tag-federal-board-of-revenue","tag-federal-investigation-agency","tag-fbr","tag-fia"],"_links":{"self":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/30745","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/comments?post=30745"}],"version-history":[{"count":0,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/30745\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media\/30746"}],"wp:attachment":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media?parent=30745"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/categories?post=30745"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/tags?post=30745"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}