Two FBR officials awarded RI, fine

RECORDER REPORT

KARACHI: An accountability court has awarded rigorous imprisonment of 5 years and fine to two FBR inland officers over release of fake sales tax refund amounting to Rs. 111.47 million.

Accused Shahid Shamim s/o Fazal Hussain Shamim, FBR Inland Revenue (IR) officer awarded 5-year RI and fine worth Rs.1.714 million while accused Shamim Akhtar s/o Naushad Ali Khan, FBR IR officer has been awarded rigorous imprisonment of 05 years and pay fine worth Rs.1.114 million.

The accused persons in connivance with each other availed illegal sales tax refunds against fake and flying invoices on manufacturing of zero rated supplies with mala-fide intention and caused huge loss of Rs.111.47 million to the kitty.

Moreover, the accountability court along with these two FBR IR officers also awarded conviction to two more persons namely Mohammad Sabir and Muhammad Shahid Iqbal both are the sons of Muhammad Iqbal, private persons for rigorous imprisonment of 10 years & Rs.19.701 million fine each respectively.