Our correspondent 

KARACHI:** The Federal Investigation Agency (FIA) has launched a massive crackdown against Go Petroleum (GO), registering a high-profile case against its Chief Executive Officer (CEO) and several top officials for their alleged involvement in a multi-billion rupee duty and tax evasion scam.

The case, registered by the FIA Corporate Crime Circle in Karachi, accuses the oil marketing company (OMC) of illegally selling bonded petroleum products in the domestic market, causing a monumental loss to the national exchequer.

### High-Level Evaded Duties and Levies

According to the First Information Report (FIR), the accused allegedly bypassed standard regulatory frameworks to offload bonded oil products, which are strictly meant to be stored under customs supervision until duties are cleared.

The FIA has booked the suspects under:

 * **The Customs Act**

 * **The Pakistan Penal Code (PPC)**

 * **Anti-Corruption Laws**

The FIR explicitly claims that the company evaded billions of rupees in **customs duties, general taxes, and the Petroleum Levy (PL)**. To execute the fraud, company officials reportedly resorted to tampering with official records and utilizing forged documentation to mask the illegal sales.

### Scope of Investigation Widened

With the FIR formally lodged, the FIA Corporate Crime Circle has significantly expanded the scope of its investigation. Authorities have indicated that the scam might not be limited to the OMC's internal management.

> "There is a strong possibility that elements within both the public and private sectors facilitated this multi-billion rupee fraud," an FIA source stated, hinting at imminent arrests and expanded questioning.

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### Assessing the Damage

The investigative agency is currently conducting a thorough forensic audit of the company’s supply chain and financial ledgers to determine the exact financial blow dealt to the national exchequer. Sources close to the development confirm that the pace of the investigation has been accelerated, and multiple teams are working to retrieve altered digital and physical records.

Further developments and raids are expected as the FIA intensifies its scrutiny of the petroleum sector's regulatory loopholes.