LAHORE: Special Federal Court of Customs Taxation and Anti-Smuggling has extended the judicial remand of a suspect, Mian Talat Mehmood, involved in a mega tax scam of Rs 4 billion in Lahore.
The managing director of Pakistan’s leading electronic manufacturing company was arrested by the Inland Revenue Department Lahore. Earlier, the investigation team of the FBR had obtained physical remand of the suspect from the court. He was sent to jail after completion of physical remand for 14 days. Now he was produced before the court again and was sent him to jail for further 14 days on judicial remand.
The Inland Revenue Lahore had registered the case against the accused on alleged tax evasion and fraud. Investigation is underway to dig out the persons behind the scam and recover the evaded taxes.
According to sources, Mian Talat Mehmood has allegedly involved in huge loss to the national kitty in the wake of tax theft.
