KARACHI: The Customs Court granted bail to suspects namely Muhammad Zubair Gheewala son of Muhammad Ismail and Muhammad Roz Khan son of Dost Muhammad son of Noroz Khan against the surety of Rs100,000 each who were arrested in a case of mega tax evasion case.
On 13 April 2021, Zain Jatoi Advocate, a senior counsel appeared behalf of the above mentioned arrested accused persons and argued that his clients are innocent and have been falsely implicated in this case, who are ready to submit surety, therefore, the court may grant their bail till final verdict.
After the hearing, the court granted bail against the surety of Rs. 100,000 and directed them to appear before the court on the next date of hearing.
Earlier, investigation officer of directorate general of Intelligence & Investigation Customs submits FIR against proprietors/ owners/ partners of M/s Zubair Steel, owners/ directors/ partners of M/s Raja Shakeel Traders, owners/ directors/ partners of Royal Steel, owners/ directors/ partners of M/s Cosmos Trading Development, officers/ officials of MCC Appraisement West, MCC Export Processing Zone Authority (KEPZA) and others.
He informed the court that during the initial investigation, it was established that the abovementioned accused persons reportedly against unauthorized transfer of foreign exchange amounting to US$439,300.00 against from Pakistani resources on behalf of M/s Royal Steel, Karachi, under the garb of import of the EPZ Cargo from KEPZ into Pakistan.
He further submits that they have evaded huge amount of government’s legitimate revenue to the tune of Rs. 24, 650, 658 through gross mis-declaration of description, quality, PCT Heading, origin and value of the impugned goods supported with the false and fabricated import documents and false statements, undoubtedly, it constitutes, fiscal fraud, smuggling, evasion of duties and taxes and un-authorized flight of precious foreign exchange from Pakistan in terms of mandatory provision of customs act, 1969.
Investigation officer argues that efforts are underway to arrest the nominated accused persons of the FIR, further investigation are in progress, consequent upon approval of the competent authority.
