I&I Inland Revenue arrests mastermind of Kotila Corporation scam

KARACHI: D.G I&I of Inland Revenue has arrested the mastermind of the mega-scam in which input tax adjustments worth over a billion rupees were made on fake or flying sales tax invoices.

The I&I team headed by Deputy Director Asif Abro arrested Javed Anwer Khan who was wanted in M/s Kotila Corporation case and the Directorate had conducted many raids to arrest him.

M/s Kotila Corporation was involved in generation and issuance of fake sales tax invoices to several registered persons which were being adjusted as input tax against the output tax.

Director General I&I Inland Revenue Haroon Tareen had formed a team comprising Director I&I Shams-ul-Hadi and Deputy Director Asif Abro and Audit Officer IR, Rashid Chundrigar to further investigate the issue. The case was developed and one Arshad Ali Khan s/o Sher Ali Khan was arrested.

Investigations revealed that sales tax invoices were issued to M/s Packages Ltd during July 2011 to June 2012. M/s Packages made payments to Kotila Corporation, which were credited in the bank account fraudulently maintained in the name of M/s Kotila Corporation.

On further investigation, it was known that owner of M/s Kotila Corporation Muhammad nor Muhammad had died in 2007 and since then the firm had seized to be operational.

It was further known that Javed Anwer Khan was the mastermind behind the entire scam and authorities have termed his arrest a major success.

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