The VAT Intelligence has sued Nahid Enterprise for evading value-added tax of Tk 275 crore in five years between July 2016 and May 2021.

Anwer Hossain, owner of Nahid Enterprise, was one of the persons who were selected as the top taxpayers in individual category in 2021. 

The VAT Audit, Intelligence and Investigation Directorate (VAIID) has filed a case against the company on the allegation of dodging VAT on product sales and purchasing raw material by misusing bond facilities.

The VAT Intelligence officials said they raided the company's office in June this year and seized sales and purchase documents. After verifying the information, a case was filed today.

The directorate also plans to file a money laundering case against the company for suspicious transactions on the company's bank accounts, according to a press release of VAIID.

The company has shown that they sold goods worth Tk 291.89 crore in the last five years, but the VAT Intelligence officials found the actual sales figure to be Tk 1,540.26 crore.

"Following an investigation, we found that the company has hidden their actual sales and purchase information to evade VAT," Moinul Khan, director general of VAIID, told The Daily Star.

He also said that they have requested the Customs Intelligence and Investigation Directorate and the Central Intelligence Cell to take further steps in this regard.