FIA books Petroleum company CEO, officials in ‘Multi-Billion Rupee Tax Scam’
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KARACHI – Federal Investigation Agency (FIA) registered a case against GO Petroleum over allegations of evading billions of rupees in customs duties, taxes, and petroleum levy, triggering a wide-ranging corporate crime investigation. The FIR said GO Petroleum allegedly sold bonded petroleum products in violation of legal and regulatory requirements, causing a massive financial loss to the national exchequer. The case alleges that the company bypassed customs obligations while illegally marketing products meant to remain under the bonded regime. ایف آئی اے کا گو پیٹرولیم کے خلاف بڑا کریک ڈاؤن، اربوں روپے کی مبینہ ڈیوٹی و ٹیکس چوری کا مقدمہ درج۔ بانڈڈ پیٹرولیم مصنوعات غیر قانونی فروخت کرنے کا الزام، FIA نے تحقیقات شروع کر دیںگو پٹرولیم کے سی ای او سمیت متعدد افسران ایف آئی آر میں نامزدبانڈڈ پیٹرولیم مصنوعات قواعد کے… — Zulqarnain Haider (@zulqarnainARY) June 25, 2026 Federal Investigators named GO Petroleum’s CEO, along with several senior company officials, in the FIR. Investigators have also accused the suspects of tampering with official records and using forged documents to conceal the alleged irregularities. The case has been registered under the Customs Act, the Pakistan Penal Code, and anti-corruption laws, reflecting the seriousness of the allegations. FIA’s Corporate Crime Circle Karachi expanded the scope of the investigation, with officials indicating that the probe could extend beyond the company itself. Investigators believe that additional individuals from both the public and private sectors may have played a role in the alleged scheme. Authorities are currently assessing the full extent of the financial damage to the national treasury, with estimates running into billions of rupees. The investigation into the alleged financial irregularities has been intensified, and further legal action is expected as the probe progresses. The allegations remain under investigation, as further proceedings are yet to cover more details on the irregular