Get the latest news and updates from Dawn
KARACHI: The Federal Investigation Agency (FIA) has booked several top officials of an oil marketing company in a case pertaining to their alleged involvement in the evasion of Customs duties, taxes and petroleum levy worth billions of rupees by clandestinely removing thousands of metric tons of imported oil without paying government dues.
The Corporate Crime Circle booked the CEO of M/s Gas & Oil Pakistan Limited (GO Petroleum); CEO of M/s Terminal One Limited (TOL); the terminal manager; a signatory of GO Petroleum’s Customs-bonded warehouse at Mehmoodkot, Muzaffargarh; senior manager of the warehouse; and other relevant officers and officials of the Collectorates of Customs Appraisement, Port Qasim, Faisalabad and Lahore-East.
The case was registered under Section 156 of the Customs Act, 1969, read with Sections 409, 420, 468, 471, 109 and 34 of the Pakistan Penal Code (PPC) read with Section 5(2) of the Prevention of Corruption Act, 1947.
A spokesperson for GO Petroleum told Dawn that it had paid all due customs duties, taxes, levies and other statutory liabilities, adding that the company was fully cooperating with authorities.
