KARACHI: The Special Court of Customs Taxation and Anti-Smuggled remanded a suspect to the custody of Intelligence and Investigation Department of Inland Revenue (IR) in a case pertaining to the issuance of fake invoices of Rs 160 million.
Judge Syed Faiz Rasool Rashdi granted two-day physical remand of suspect Muhammad Ishaq at the request of investigation officer Muhammad Aslam for interrogation.
According to the Intelligence and Investigation Department of Inland Revenue, Karachi prime suspect Sajid Hussain, and other 26 co-accused have been booked for their involvement in fraudulent issuance of fake sales tax invoices, claiming Rs160 million.
The official sources said Sajid committed the fraud by using names of three firms including M/s Transworld Trading Co, M/s Tripick Trading International and Elitco Trading Company. Sajid, and other seven accused have been released on bail while the rest are still at large.
