Fesco news today: CEO booked for alleged Rs320m tax fraud
The Faisalabad Electric Supply Company chief and his three sons are under investigation for allegedly concealing assets and laundering funds through property and gifts.
Fesco CEO Muhammad Amir Pannu and his three sons have been booked by the Inland Revenue intelligence wing.
The case involves alleged tax evasion and money laundering totaling over Rs320 million.
Authorities claim cash declarations from 2014 were later altered to hide the source of wealth.
Mr. Pannu denies the charges, stating the assets are inherited and properly declared.