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Business Insider Bangladesh

Fu-Wang Club sued for Tk 41cr VAT evasion

BI Report || BusinessInsider

Published: 23:55, 8 September 2021   Update: 02:53, 9 September 2021
Fu-Wang Club sued for Tk 41cr VAT evasion

Google map shows the location of Fu-Wang Bowling and Services Limited in Dhaka

Fu-Wang Club located on Gulshan-Tejgaon link Road has been charged with a VAT evasion of over Tk 41 crore.

A team of VAT intelligence of the National Board of Revenue detected the evasion and filed a case against Fu-Wang Bowling and Services Limited that provides bar, pool, billiard and food services to hundreds of clients a day.

Moinul Khan, director general of the VAT Audit, Intelligence and Investigation Directorate said this in a statement on Wednesday.

Fu-Wang has been running a wine and alcoholic beverage business after taking a licence from the Department of Narcotics Control.

After verifying all documents, the VAT intelligence found anomalies in its VAT return, Khan said in the press statement.

The customs intelligence of the NBR has been urged to conduct further investigation into the matter, he said.

At the same time, the customs intelligence has been requested to look into whether the Fu-Wang indulges in any drug abuse or money laundering.

The Vat intelligence has given time to the authorities concerned of the Fu-Wang to submit its explanation but they did not respond till the date.

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