FIA Arrests Company Owner and Son in Rs 5 Billion Tax Fraud Case

The Federal Investigation Agency (FIA) recently made arrests related to a big tax fraud case worth Rs 5 billion. This means that someone was accused of not paying taxes they owed  and the amount involved was very large.

The company owner and his son were taken into custody by the FIA because they were suspected of being involved in this fraud. The Federal Board of Revenue (FBR), which is responsible for collecting taxes in Pakistan, confirmed that the company had been using fake Documents and avoiding paying taxes for a long time.

After investigating, the FBR came to know  that a company has two owners. Nawab Khan and Aftab, father and son were behind this fraud. They focused mainly on the steel industry in Karachi. The FBR also mentioned that both the father and son were arrested in Karachi, and a case has been filed against them.

The investigation took about three months, during which the FBR looked into the company’s records very closely. They found that Nawab Khan was Directly involved in creating fake Documents  and that’s how he  cheated buyers and the government. These fake Documents made it look like the company was paying taxes but in reality it was all fraud.

Read more.. FIA Seals Fake Veterinary Medicine Factory in Lahore Crackdown on Counterfeit Operations

According to the FBR, the company involved in the fraud made purchases worth Rs 13.88 billion between December 21, 2023, and February 23, 2024. They also raised concerns about a disputed claim of Rs 2.36 billion in tax input.

Read more.. FIA Launches Nationwide Crackdown Against Power and Gas Theft: Ensuring Fair Distribution

which means they suspect the company falsely claimed to have paid taxes it hadn’t.
This arrest proves that the government is serious about stopping tax fraud. When people cheat on taxes, it means there’s less money for important things like schools, hospitals and roads, which is not good for the whole country.