Submission + - Two Senior Executives of HP in Pakistan have been Arrested for Tax Evasion (tech.com.pk)
Sehrish Khan writes: US based HP — Hewlett-Packard's two senior executives (in Pakistan) have been arrested by the FBR due to suspicion of tax evasion.
Shahid Hussain Asad, The Chief Spokesman, confirmed the arrests made by the Intelligence Directorate, Federal Board of Revenue identified their names respectively as, Shahid Ali Khan, Country Manager, Hewlett-Packard, and Saleem Raza Rajwani, Finance Director Hewlett-Packard. The News Reported.
The two individuals were arrested through a joint operation conducted by the Directorate of Intelligence and Investigation of Inland Revenue at Karachi and Islamabad.
"We have no comment at this time, other than to say that HP adheres to the highest ethical standards," HP's Spokes Person said to Reuters.
Directorate of IR contacted Hewlett-Packard and one other giant of IT, Advance Business Systems Company (ABS Company), to share information about their products and services provided in Pakistan, It is reported that the other company provided the information to the directorate while HP didn't share any information with IR.
On Friday the Civil Judicial Magistrate Waqar Ahmed Soomro granted the transit-remand of the two arrested HP officials, which was granted by the court.
Directorate of FRB stated that they are investigating only Pakistani management of Hewlett-Packard for tax evasion in Pakistan not the whole HP Corporation.
