Gang involved in fake invoices scam: RTO Faisalabad arrests another key member

Regional Tax Office (RTO) Faisalabad has arrested another key member of an organised gang involved in business of fake/flying invoices following a new directive of the Federal Board of Revenue to initiate criminal proceedings against textile units involved in tax fraud.
Sources told Business Recorder here on Thursday that the FBR has directed the field formations to take strict action as per law against textile units, which failed to avail amnesty scheme and not paid due amount of sales tax on their supplies. The FBR's letter dated April 16, 2013 has directed the field formations to take action against the units involved in tax fraud after expiry of the amnesty scheme on April 15, 2013. The Board new instructions have been issued to the RTOs after expiry of the amnesty scheme for the textile sector.
The RTO Faisalabad has intensified its efforts to arrest more persons of the gang in Punjab. On Thursday, another member of fake invoices gang namely Muhammad Adnan has been arrested from Faisalabad yarn market in connection with billions of tax fraud.
The RTO Faisalabad had busted an organised gang involved in business of fake/flying invoices and conducted raids to arrest "king of invoices" in various parts of Punjab. The RTO Faisalabad collected ample evidence against gang leader known as "king of invoices" in Faisalabad. RTO Faisalabad unearthed an organised mafia involved in business of fake/flying invoices to claim fraudulent refunds. Illegal transactions of billions were carried out to committee tax fraud. The CNICs of poor people were used to open bank accounts to show banking transactions to evade the authorities.
An FIR was registered against the gang and arrests were made in Faisalabad. The investigation showed that the 'king of invoices' was behind the whole fraudulent activities and operating the mafia of fake/flying invoices. The RTO Faisalabad has co-ordinated with other agencies to arrest Chitta or 'king of invoices' for reaching the real culprit.