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Home / Lahore / Tax evasion of Rs 267m: NAB to start investigation against M/s Haseeb Waqas Suger Mills
Tax evasion of Rs 267m: NAB to start investigation against M/s Haseeb Waqas Suger Mills

Tax evasion of Rs 267m: NAB to start investigation against M/s Haseeb Waqas Suger Mills

LAHORE: The National Accountability Bureau (NAB) has decided to start inquiries against six sugar mills including two sugar mills of former Prime Minister Nawaz Sharif’s close relatives.

It is pertinent to mention that Federal Board of Revenue has registered two cases of tax evasion against M/s Haseeb Waqas Sugar Mills. Both of the cases are being heard in the special Federal Court of Customs Taxation and Anti Smuggling of Lahore. Pre arrest bail pleas of Haseeb Waqas and others had also rejected by the Customs Court.

Sources told that during the executive board meeting of the anti-graft body was held under the chair of NAB chief Qamar Zaman Chaudhry and it was decided to authorize three investigations and 11 inquiries against government officials and businessmen.

It was decided to authorize six inquiries against M/s Abdullah Sugar Mills (formerly Yousaf Sugar Mills) Lahore, M/s Abdullah Sugar Mills Depalpur Lahore, M/s TMK Sugar Mills Karachi, M/s Seri Sugar Mills Karachi, M/s Tandianwala Sugar Mills Lahore and M/s Haseeb Waqas Sugar Mills Lahore for their alleged involvement in misappropriation of funds.

They said that large taxpayer unit Lahore of the FBR had registered two FIRs against M/s Haseeb Waqas Sugar Mills and M/s Abdullah Sugar Mills in 2015, which involved the FED evasion of Rs 267 million.