SC upholds NBR decision to freeze Robi's bank accounts | Economy | ABnews24

Sun, September 23, 2018
  • Home
  • Economy
  • SC upholds NBR decision to freeze Robi's bank accounts
SC upholds NBR decision to freeze Robi's bank accounts
Dhaka, 1 Mar, Abnews: The Appellate Division of the Supreme Court has stayed for three days the High Court order that stayed the decision of the National Board of Revenue (NBR) to freeze all the bank accounts of mobile phone operator Robi on charge of dodging VAT.
 
A four-member Appellate Division bench, led by Chief Justice Syed Mahmud Hossain, passed the order after hearing a petition filed by NBR on Thursday morning.
 
Earlier on Wednesday, the NBR filed a petition challenging the High Court stay order.
 
With this order, NBR decision remained upheld to freeze Robi accounts, said Deputy Attorney General SM Moniruzzaman.
 
On Monday, the National Board of Revenue (NBR) froze the bank account of mobile operator Robi-Axiata for three working days alleging that the mobile operator company has evaded value added tax (VAT) and supplementary duties.
 
In a letter sent to the top officials of banks on Monday, the NBR claimed that Robi evaded about Tk 187.29 million in VAT and supplementary duty.
 
Following this, the NBR directed all banks to freeze the accounts of Robi-Axiata for three working days under section 26 (4) of the VAT Act 1991, the release read.
 
The national revenue body said legal steps will be taken against the company in this regard.
 
ABN/Adrian/Jasim/AD
  • Latest News
  • Most Viewed