May 09, 2014 (LBO) – A revenue official was jailed for 102 years on 34 counts related to a value added tax refund fraud and fined 12 billion rupees (91 million US dollars) along with several businessmen, a report said. The case involved the fraudulent refunds of value added tax involving amounting to 3.9 billion rupees, where 13 persons were charged.
Eight accused were tried in absentia as they were believed to have fled the country, Sri Lanka’s Daily Mirror newspaper reported.
The revenue officer, a deputy commissioner of the Department of Inland Revenue was sentenced to three years each on 34 counts to be served concurrently.
Other accused were jailed for terms ranging from 8 months to two years. They were also fined amounts ranging up to 100 million rupees. Court had ordered their property confiscated if the fines were not paid, the report said.