KARACHI: The Directorate of Intelligence and Investigation (Inland Revenue) Karachi has lodged an FIR against a fake unit named Z.A Impex for issuing fake and flying invoices and causing a loss of approximately Rs. 12 billion to the national exchequer.

According to details, the FIR was registered on the directions of Director General Aqeel Ahmed Siddiqui. Director Tariq Ghani formed a team comprising of Azam Nafees AD, Engr. Mahmood Shah AD and Abdul Jalil Khan AD to arrest the invoice mafia running the invoice cartel.

The team conducted a raid in Faisalabad and arrested one of the culprits, Hasan. Another raid was carried out near Islamabad in collaboration with an intelligence agency, resulting in the arrest of another invoice mafia, Faisal Memon. A PRAL employee who was involved in the scam was also arrested from Islamabad.

A number of fake units have been blacklisted upon the recommendations of I&I(IR) Karachi and a recovery of approximately Rs. 32.5 million has been made during the exercise. Further investigations are underway and some more high-profile arrests are expected soon.

An official mentioned that the I&I(IR) Karachi’s operations team has been strengthened with the inclusion of experienced companion Engr. Mahmood Shah who has multi-departmental experience of both Customs and IR systems.