KARACHI: Special Court Taxation has issued arrest warrants for prime suspect Faraz Haroon and others in a multi-million fake sales tax refunds scam.
According to details, suspects are allegedly involved in bogus sales tax refunds on fake invoices and tax evasion by misusing SRO 1125. The action has been taken against them on a case registered by Directorate of Intelligence and Investigation, Inland Revenue, Karachi.
Sources in the Directorate said that accused Faraz Haroon was a ringleader of a gang, which allegedly committed millions of rupees tax fraud with the assistance of some businessmen. They said that Faraz and his other associates were allegedly involved in claiming bogus sales tax refunds on fake invoices in connivance with some tax officers and added that they had also misused SRO 1125 to get millions of rupees undue tax benefits.
DI&I (IR), Karachi had earlier arrested four persons, including a director of one of the leading textile units, and recovered Rs 150 million and post-dated cheques from them. Sources in the directorate further vowed to arrest them in coming days, saying that raids were being conducted and these absconded persons would be arrested anytime soon.