KARACHI: Directorate of Internal Audit-Inland Revenue Karachi in Tamna Case Fake Company which existed only on paper without physical business operations) detected further massive fraud of Rs.2.5 Billion Rupees.
The scam was being done by following 13 firms/persons which have also been nominated in Challan of FIR.
1: Kings Corporation of Syed Aqeel Abbas Rizvi Fraud of 56 Crores
2: Salman Impex of Muhammad Salman Hussain Fraud of 24 Crores
3: Saleem Impex of Muhammad Saleem: Fraud of 48 Crores
4: Star International of Muhammad Rafi: Fraud of 31 Crores
5: Waseem Enterprises of Waseem Ahmed: Fraud of 52 Crores
These above mentioned 5 firms were created only on “paper” for doing fraud/money laundering.They did not do any genuine business activities rather they facilitated fraud with government of Pakistan via various means. While 8 more firms have also been nominated in same FIR Case today against whom investigation have been lodged on massive scale.
Their names are.
1: Force Batteries (Pvt) LTd (Manufacturer of Force Batteries
2: Data Engineering (Pvt) LTd
3: Millat Industrial Products (Manufacturer of Millat Batteries)
4: Rainbow Hi Tech Engineering Company (pvt) Ltd (Manufacturer of Bridge Power Batteries)
5: Raaziq Industrial Enterprises (Pvt) Ltd
(manufacturer of lead+owner of Veda Public Transport+Customs Clearing Agent)
6: RIE Metals(Pvt) Ltd (Manufacturer of Dry Battery Cells)
7: Total Power Industries Pvt Ltd (battery manufacturer)
8: Berlin Petroleum (Pvt) Ltd ( Lubricant Supplier with brand name of “Stark” and manufacturer of motorcycle batteries.
Further Investigations are underway & teams constituted for raids.