KARACI: The Sindh High Court (SHC) has granted post-arrest bail to Sheeraz Ahmed, an accused in a massive Rs290 billion sales tax fraud case.
The decision was issued by Justice Adnan Iqbal Choudhry, who directed the accused to furnish a surety bond of Rs1 million for his release.
The accused was represented by Advocate Umer Farooq, who argued in favor of the bail application. Ahmed was booked under FIR No. 02/2024-25 at the Police Station, Directorate of Intelligence & Investigations–Inland Revenue (FBR). The charges against him primarily stem from Section 2(37) of the Sales Tax Act, 1990, which defines tax fraud offenses.
According to the prosecution, Ahmed is accused of illegally using the ID and password of a deceased individual, Arshad Mehmood Noor Awan, to manipulate tax records. Allegedly, he uploaded a fraudulent Annexure-C to the supplementary tax returns filed by M/s Safa International Marketing, thereby facilitating an extensive tax evasion scheme.
The case has drawn significant attention due to the staggering amount involved, as authorities continue to investigate the broader network behind the fraud. The Federal Board of Revenue (FBR) and tax intelligence agencies are reportedly expanding their probe to identify other potential culprits in the scheme.
While Ahmed has secured bail, the case remains under scrutiny, and further legal proceedings are expected in the coming weeks.
