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Tax Evasion

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  • Tanzil Faisal And Co
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  • April 4, 2014

Tax Evasion

Two Foreign IT Firms’ Officials Held

Date: April 04, 2014

The Directorate General of Intelligence and Investigation Inland Revenue (IR) on Thursday
arrested two high-profile executives of an international IT giant in Karachi, selling computer
products and accessories on alleged involvement in tax evasion. Sources told Business Recorder
here on Thursday that it was the first of its kind of case where the directorate has successfully
nabbed senior executives of a top IT company. The agency has taken action against the local
office of the international IT company.

The DG I&I IR Islamabad has send a special team of intelligence officers to Karachi to arrest the
involved employees. Hassam, Assistant Director DG I&I Islamabad, registered an FIR against
the company in Islamabad, took arrest warrants and specially went to Karachi. On Thursday, he
arrested country manager and marketing head of the said IT giant. Both the employees of the
company would be presented before the Special Judge Customs Karachi on Friday (April 4). At
present both the accused are in lockup at Clifton police station.

Details of the case revealed that the directorate of intelligence IR has directed two big IT
companies to share information about their supplies of computers and accessories etc made to
ABS Company against whom tax evasion case has already been registered. One of the big
companies has given the necessary information to the directorate whereas the second company
was reluctant to provide the data of supplies.

The information included details of items sold and actual price on which such supplies were
made. When the agency was in process of collecting record, the criminal connivance of the local
management of the IT Company was unearthed. The directorate is not alleging international
company but their local Pakistani management is allegedly involved in the case. The non-cooperation
of the company and their refusal to provide information points towards their
connivance in tax evasion. Moreover, the non-production of record further revealed that the
company has sold computer products to the buyer on under-stated price to accommodate local
purchasers to evade taxes, official added.

Business Recorder

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