- The company, HSJI, committed the fraud.
- The company is a Hyderabad customs collector.
- Customs intelligence lodged an FIR.
Karachi: Customs intelligence caught a tax fraud worth three and a half billion rupees on Saturday, Bol News reported.
The sources reported that a company called HSJI committed fraud involving billions of rupees in duty and tax.
The company cheated the Hyderabad customs collector and cleared the steel bars without tax and duty.
In addition to that, the amount of fraud was 3.5 billion rupees in terms of duty, tax, and fine.
On the other hand, Customs Intelligence registered a First Investigation Report (FIR), but no recovery has been made thus far.
In this regard, the use of fraudulent money in construction projects has been found. The builder company also used steel products in the Karachi project.
Moreover, an FIR was registered on October 27 on the confidential information of money laundering.
However, Muhammad Hanif Jiwani, Ahmed Hanif Jiwani, and others have been named in the tax fraud FIR.
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Earlier, Customs Intelligence and Rangers conducted a joint operation at Yousuf Goth Bus Terminal and recovered smuggled goods from the seige area.
Smuggled tires, blisters, cigarettes, cloth, and other goods have been recovered during the joint operation by the authorities.
