The FBR’s Directorate General of Intelligence and Investigation has unearthed a case of tax evasion of around Rs2 billion on imports.

In pursuance of information regarding massive evasion of duty & taxes and misuse of rules, the staff of the Directorate General of Intelligence & Investigation-FBR, Regional Office, Karachi, has unearthed a case of tax evasion on imports of around Rs2 billion.

In this connection, the staff of the directorate general has arrested two persons involved in running a fake company pretending to be manufacturer at a fake address. In fact, another company having only power looms, is existing at the declared address.

The owner of the company, when contacted, categorically denied existence of any other company at their premises. Officials said on Sunday that an FIR was being lodged and further indepth investigation was under way.