Two Senior HP Executives Arrested for Tax Evasion

Today two senior executives of a US based company Hewlett-Packard Co. (HP) have been arrested by FBR because of tax evasion. Hewlett-Packard Co. (HP) is a company which is popular for its huge range of electronic products, mostly laptops and printers etc.

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According to the local English news paper , FBR has identified two executives , Shahid Ali Khan, Country Manager, Hewlett-Packard, and Saleem Raza Rajwani, Finance Director, HP.

These two executives were arrested today while through a joint operation conducted by Directorate of Intelligence and Investgation in of Inland Revenue at Islamabad and Karachi.

An International News Agency contacted HP spokesman , on the matter he said , “We have no comment at this time, other than to say that HP adheres to the highest ethical standards.”

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Directorate of Intelligence IR had directed to HP to share there information about supplies of computers and other products made to Advance Systems Business Company.  A tax evasion case has been reported against Advance Systems Business Company which led the investigators to arrest the HP officials.

 

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