FIA anti-corruption circle Karachi has registered a tax refund fraud case against former FBR Chairman Syed Shabbar Zaidi on Thursday, reported 24NewsHDTV Channel.
Case registered against FBR chairman for illegally refunding over Rs 16 billion in income tax. Those who received refunds include 3 banks, 2 cement companies and a chemical company, FIR said.
The said companies and banks were clients of Shabbar Zaidi's firm before his appointment as chairman. As FBR chairman, Shabbar Zaidi made unauthorized payments with the connivance of officials between May 2019 and January 2020.
The FIR registered on October 29 has named Syed Shabbar Zaidi, FBR officials and bank management as accused in tax refund fraud case.