The government uncovered sensational details of the looting of the sugar mills mafia
Islamabad: The federal government has unveiled the sensational details of the looting of the Sugar Mills Mafia in the country.
After the federal cabinet meeting in Islamabad, the government team held a long press conference on the report of the Chinese crisis and highlighted how the sugar mills mafia looted the people and caused billions of rupees to the national exchequer. Federal Minister for Information Shibli Faraz said that the Prime Minister had conducted a forensic audit of the Chinese crisis report. We have to expose the mafia which has sucked the blood of the poor in the country and harmed the country.
Severe loss to farmers
Special Assistant for Accountability Shehzad Akbar said that the Prime Minister always says that the one who does business will also do business in politics, this statement of the Prime Minister has come true, Sugar Mills abused the farmers and caused continuous loss, deduction from the farmer. The sugar mills continued to harm the farmers by reducing the quantity of sugarcane by 15 to 30 percent.
Expensive cost was shown by buying cheap sugarcane
Shehzad Akbar said that Sugar Mills bought sugarcane from the farmers at a lower price than the support price and on raw slips. The owners continued to do unofficial banking with the farmers. In 18-18, the price of sugar was fixed at Rs. 13. In 2017-18, the mill owners stated that the cost of sugar was Rs. 51, although the commission fixed the cost at Rs. 38.
Tax evasion by showing anonymous sale of sugar
Shehzad Akbar said that similarly in 2018-19 a difference of Rs. 12.5 was found, in 2019-20 a difference of Rs. 16 was found, Sugar Mills set a higher price of Rs. 12 in 2018-19 and Rs. 14 in 2019-20. The sugar mills have set up two accounts, one account is shown to the government and the other to Seth. Taxes have been evaded by showing anonymous sale of sugar. Sugar mills have illegally increased the number of crushing units.
Rs 5.2 billion profit and tax evasion on one rupee increase
The Special Assistant said that even if the price of sugar is increased by just one rupee, a profit of Rs 5.2 billion is earned. In Pakistan, it is about 25 per cent times undeclared (undocumented) which does not even tax it. Over the years, 88 sugar mills were given a subsidy of Rs 29 billion, these sugar mills paid income tax of Rs 22 billion and income tax refunds of Rs 12 billion were withdrawn, thus only Rs 10 billion income tax was paid.
Sindh government's subsidy to Omni Group
Shehzad Akbar said that the Sindh government has benefited immensely by subsidizing the Omni Group. Evidence of double reporting has been found in the Shahbaz Sharif family's sugar mills. JDW Group's Sugar Mills have been implicated in corporate fraud, Jahangir Tareen Group's Sugar Mills have been involved in overancing and double billing, Sharif family's sugar mills have been found to be double reporting.
Chinese suspicious exported to Afghanistan
The Special Assistant said that the Chinese exported from Pakistan to Afghanistan is suspicious, there was a discrepancy between Pakistan's export and Afghanistan's import data, a truck can carry 15 to 20 tons, but it was revealed that 70 per truck. 80 tons of sugar has been taken to Afghanistan, this is a joke that no one has noticed till date.
Chinese crisis watchdog
Shehzad Akbar said that the Commission of Inquiry held the regulators responsible for the Chinese crisis, whose negligence caused the Chinese crisis and increased the price. The federal cabinet also directed other mills to place forensic orders and recommended recovery and payment to the public.