Just in:  

You are here: Home»Taxation»Pakistan»RTO Lahore registers case against ex-PSMA president

RTO Lahore registers case against ex-PSMA president

Regional Tax Office (RTO) Lahore, Federal Board of Revenue (FBR) has reportedly booked former Pakistan Sugar Mills Association (PSMA) President Riaz Qadeer Butt for allegedly massive evasion of tax, FBR RTO soures said here on Saturday. The sources said the detected tax evasion scam is being assessed to be the highest in terms of amount involved in the history of RTO Lahore. The sources said that a few arrests have been made while efforts are being made to arrest Riaz Qadeer Butt and other directors nominated in FIR NO.04/2015.

Sources said a complaint was made to the Chief Justice High Court that the group, Macca Group of Companies, was involved in tax evasion of Rs one billion and the court directed the FBR to submit a report. The group of companies filed various writ petitions against the department, however, finally the court instructed to the FBR to finalise the report.

Sources said on the instructions of chief commissioner Waqar Ahmad Investigation conducted by the FBR RTO Lahore revealed that M/s Macca Sugar Mills PV, M/s Haq Bahu Sugar Mills, and M/s Abdullah Shah Ghazi Sugar Mills (PVT) were allegedly involved in tax fraud through fictitious bank accounts in the name of employees by way of concealment of actual production of sugar. Though accused are still at large, efforts are being made to arrest them, sources concluded.

Copyright Business Recorder, 2015


Index Closing Chg%
Arrow DJIA 17,798.49 0.08
Arrow Nasdaq 5,127.52 0.22
Arrow S&P 2,090.11 0.06
Arrow FTSE 6,375.15 0.28
Arrow DAX 11,293.76 0.24
Arrow CAC-40 4,930.14 0.32
Arrow Nikkei 19,883.94 0.30
Arrow H.Seng 22,068.32 1.87
Arrow Sensex 26,128.20 0.65

Wholesale Camping Equipment from China at 

New 2015 adidas and Nike Soccer Cleats at Kicks Corner uk

Ad Asia 2015

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.197 bln
Exports $1.729 bln
Imports $3.926 bln
WeeklyNovember 23, 2015
Reserves $19.713 bln