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Faisalabad RTO recovers another amount of Rs 40 million in GMSA case

Faisalabad RTO recovers another amount of Rs 40 million in GMSA case

FAISALABAD: The Federal Board of Revenue (FBR) Regional Tax Office (RTO) Faisalabad has recovered another amount of Rs 40 million in GMSA sales tax fraud case.

As per detail,  the department has already recovered huge amount of Rs 110 million in a mega sales tax fraud case and expanded the scope of investigation against the accused by arresting them.

In recent developments, the Honorable Lahore High Court (LHC) has accepted the bails of both accused directors of company subject to deposit further amount of Rs.40 millions as well as surety bonds worth Rs. 100 millions.

Sources said, this is one of the mega cases which was detected by Investigation and Prosecution (I&P) Faisalabad.