Home / Mobile / 5 Telecom Firms (NTC,Ufone, Mobilink, Telenor & Warid) served NAB notices

5 Telecom Firms (NTC,Ufone, Mobilink, Telenor & Warid) served NAB notices

5 Telecom Firms (NTC,Ufone, Mobilink, Telenor & Warid) served NAB notices
Islamabad (August 8, 2012) – National Accountability Bureau (NAB) has issued notices to five telecom companies to appear before investigation team on August 9 in the Rs47 billion tax evasion case.

NAB has offered the option of voluntary return (VR) to these firms and has given three-day deadline to pay their liabilities along with default surcharge and penalty as determined by the tax authorities. Through these notices, the companies have also been informed that in case of failure, the option of VR will no more be available and they will have to opt for plea bargain with all punitive measures under the NAB Ordinance.
On July 11, NAB summoned five telecom companies – National Telecommunication Corporation (NTC), Pakistan Telecom Mobile Company Ltd (PTML), Telenor, Pakistan Mobile Communication Ltd (PMCL) and Warid – for recording their statements in the case. A NAB investigation team had taken relevant record from the FBR Large Tax Unit Chief Commissioner.
On July 26, the investigation team had come across the startling information on payments of heavy fees to lawyers in the instant tax evasion case with assurance of positive results in favour of telecom companies.
Earlier on July 4, the NAB chairman took suo moto notice to safeguard Rs47 billion for the people of Pakistan and asked FBR chairman to appear in person to explain details about defaulted amount. In the instant case, NAB had also recommended the names of three senior FBR officials for placement on ECL and forwarded their names to the Interior Ministry. They include former FBR chairman Mumtaz Haider Rizvi, Inland Revenue Member Shahid Hussain Asad and Sales Tax/FED Chief Abdul Sattar Aora.

About Tahir Iqbal

PTCL Worker at Switching EWSD Multan Qualification = DAE (electrical) + BS(CS)

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