KARACHI: The Special Customs and Taxation Court on Saturday dismissed bail plea of a suspect who is behind bars for his involvement in a case pertaining to issuance of fake and flying sales tax invoices of more than Rs 1 billion.
Judge Syed Faiz Rasool Rashdi rejected the bail application of Tousif Ahmed after hearing arguments from prosecution and defence sides.
According to the officials of Intelligence and Investigation Department of Inland Revenue, Karachi, the suspects Arshad Ali Khan, Javed Anwar Khan, Tauseef, and Rashid Ali Khan issued invoices in the name of bogus companies claiming over Rs 1 billion from the sales tax department.
An FIR was registered against them in January 2015. Accused Arshad Ali Khan and Tousif Ahmad are in judicial custody, however, Jawed Anwar and Rashid Ali Khan are still at large. Arshad Ali Khan, who claimed to be proprietor of Kotila Corporation, along with his other accomplices fraudulently issued fake sales tax invoices.
Later, the officials found that the original proprietor of Kotila Corporation, Noor Mohammad, expired in February 2007 and the tax department was also intimated about cancellation of sales tax registration of the firm.
