KARACHI: The Federal Investigation Agency (FIA) has registered a case against former Federal Board of Revenue (FBR) chairman and senior chartered accountant Shabbar Zaidi over allegations of issuing unauthorised income tax refunds worth Rs16 billion during his tenure under the PTI government.
According to sources, the FIA’s Anti-Corruption Circle has accused Mr Zaidi of criminal misconduct, abuse of authority, and unauthorised disbursement of public funds.
The agency’s findings suggest that three private banks, two cement factories, and one chemical company benefited from the disputed refunds. The FIA further alleged that these entities had been clients of Mr Zaidi’s private audit and consultancy firm before his appointment as FBR chairman, raising potential conflict-of-interest concerns.
