KARACHI: The Cooperative Tax Office (CTO) Karachi, in a planned operation, arrested the alleged mastermind of flying fake invoices.
In a significant breakthrough, the Cooperative Tax Office (CTO) conducted a meticulously planned operation on Friday resulting in the apprehension of Asif Razak Deenar, the alleged mastermind, and kingpin behind a sprawling network of fake and flying invoices operating in the country, especially in the Southern Part of the country. He was arrested on the premises of the Jinnah International Airport Karachi as he returned from a foreign visit.
Deenar’s arrest marked a crucial milestone in the fight against tax evasion, as CTO Karachi continues to clamp down on illicit activities undermining the nation’s revenue. During the operation, which was conducted on Friday, officers of CTO Karachi raided Deenar’s business premises, seizing crucial office records believed to be integral to his illegal operation.
Preliminary investigations indicate his central role in orchestrating a sophisticated network dedicated to the creation and utilization of fraudulent invoices facilitating the evasion of billions of rupees in tax revenue. The operation was prompted by a tip-off stemming from an earlier investigation which led to the filing of FIR against M/S Amir Industries. The Corporate Tax Office Karachi reaffirms its dedication to enforcing compliance with tax regulations and combating financial crime that undermines the economic stability and growth of Pakistan.
