FBR special judge rejects plea of trader

ISLAMABAD: The FBR’s special judge has rejected bail application of Sheikh Amin who was arrested by the FBR’s Intelligence & Investigation (I&I) Inland Revenues on charges of alleged tax frauds. 

According to details, the FBR’s Directorate I&I, IR Islamabad conducted a raid on godown of Grace Emporium in Kahuta triangle industrial area Islamabad with the help of local police on 18.8.2016.

During the raid computers and record was taken in custody. Shiekh Muhammad Amin is sole proprietor of Grace Emporium. The unit is one of the largest wholesalers of ladies and gents cloth in Rawalpindi and Islamabad and allied cities. Initial investigation showed that Grace Emporium is involved in sales tax evasion. They were maintaining 15 undeclared bank accounts of foreign and local currency on the name of his brothers and relatives. Grace Emporium has allegedly suppressed its sales to the tune of millions of rupees. An FIR was lodged on the charge of tax fraud against Shiekh Muhammad Amin owner of Grace Emporium.

Pre-arrest bail has been rejected in the case of Shiekh Amin of M/S Grace Emporium by the special judge on 22.10.2016. Physical remand has been given to the Investigation Officer for three days till 24.10.2016.

The accused was involved in alleged tax fraud as he was making taxable supplies without getting sales tax registration. Investigation is underway for further information gathering.