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Case filed over Tk 35.18cr VAT evasion
Administrator appointed to Delta Life Ins
The Insurance Development & Regulatory Authority (IDRA) yesterday appointed an administrator with immediate effect to one of the sector s leading entities, Delta Life Insurance Company, explaining that it was to protect policyholders interests.
Meanwhile, the VAT Audit, Intelligence and Investigation Directorate filed a case against the Delta under the VAT act alleging that it had evaded paying Tk 35.18 crore in VAT.
The insurance regulator s logic behind appointing Sultan-ul-abedin Mollah, a former IDRA member, was the unearthing of many rule and regulation breaches, which came to light through special and investigative audits.
The VAT Intelligence has uncovered a VAT evasion of about TK 35.18 crore by Delta Life Insurance. A case was filed against the insurance company under the VAT Act today on the allegation of VAT evasion, the VAT Intelligence said in a statement. On specific allegations of VAT evasion, a team led by Saima Parveen, assistant director of VAT Audit, Intelligence and Investigation
National
January 18, 2021
TOBA TEK SINGH: Six persons, including four of a family, were killed in fog-related accidents here on Saturday night.
Reportedly, six members of a family were on their way to their home at Khairpur (Sindh) from Islamabad by a car. When they reached between the interchanges of Gojra and Toba Tek Singh on Motorway M-4, their car collided with a trailer due to thick fog.
As a result, four of them died on the spot. They were identified as Saima Parveen, wife of Muhammad Zubair, Huzaifa, son of Muhammad Zubair, Hafza Bibi, 5, daughter of Muhammad Zubair, and Mishra, 13, daughter of Muhammad Zubair. Both injured, Muhammad Zubair and his son Hamza, were rushed to a hospital in critical condition.