LAHORE: The Lahore High Court (LHC) has rejected a bail application of the owner of Orient Electronic Company in a more than Rs 4 billion sales tax evasion case.
The LHC heard the appeals filed by Managing Director of Orient Electronic Company Talat Mehmood, Director Abdul Rehman and Chief Financial Officer Aleem Amin.
Counsels for the appellants argued that the Federal Board of Revenue (FBR) took action against the owner of the company and arrested him without evidence of tax evasion.
Moreover, the FBR is not authorized to arrest any suspect in tax evasion case. The counsel prayed the court to accept the bail application of the accused.
On the other hand, the counsel for the department contended that the department sent many notices to the company for the payment of the sales tax but it failed to do so, therefore, he was apprehended by the authorities.
After hearing the arguments from both sides, the LHC rejected the bail application filed by the suspect.
