LAHORE: An accused involved in a tax evasion of Rs4billion has moved the Lahore High Court for post arrest bail as the customs court has rejected his bail plea last week.
The Lahore High Court has transferred the application of bail plea of Orient’s Managing Director to a notified judge of customs cases Justice Abdul Sami Khan. Now Justice Abdul Sami Khan will further hear the bail plea of the accused.
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Managing Director of a Pakistani leading electronic manufacturing company was apprehended by the Inland Revenue Department Lahore. Sources also said the total amount of tax evasion is Rs4billion which is one of the largest tax evasion cases of Lahore.
Investigations are underway to dig out more persons behind the scam and recover evaded taxes. Mian Talat Mehmood has allegedly caused a huge loss to the national kitty.
