FIA begins Rs47bn recovery in landmark petroleum levy fraud case

FIA Karachi Recovers Rs47 Billion in Major Petroleum Levy Case

A petroleum company accused of causing a Rs47 billion loss to Pakistan’s national treasury has started repaying the amount, marking what officials call the biggest recovery in the history of the Federal Investigation Agency Karachi. The update came through a detailed report submitted to the Public Accounts Committee. Ayaz Mehr, head of the FIA Karachi […] The post FIA Karachi Recovers Rs47 Billion in Major Petroleum Levy Case appeared first on T…

FIA begins Rs47bn recovery in landmark petroleum levy fraud case

A petroleum company implicated in the country’s largest-ever financial recovery case, involving an alleged loss of Rs47 billion to the national exchequer, has begun returning funds to the government, officials confirmed. According to a detailed report submitted to the Public Accounts Committee (PAC), the company is accused of fraudulently withholding government levies collected on petrol sales between 2019 and 2022. The investigation was carried…