4 Lebanese arrested for smuggling dollars in lorry tyres

4 Lebanese arrested for smuggling dollars in lorry tyres

- 4 Lebanese nationals have been reportedly arrested after they attempted to smuggle foreign currency out of Ghana

- Their arrest was as a result of a tip provided by an informant at Asokwa in the Ashanti Region

- Investigations into the incident have commenced

Information available to YEN.com.gh shows that four Lebanese men have been arrested by the police for smuggling dollars in lorry tyres.

The suspects were picked up after an informant at Asokwa in the Ashanti Region tipped the police with regard to their activities.

The intent, according to a report by MyNewsGH.com, was to avoid the payment of taxes to Ghana.

A photo of foreign currency

Source: MyNewsGH.com
Source: UGC

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The dollars to be smuggled were arranged inside lorry tyres with the rim in place. They will then ship the car part to Lebanon where their partners retrieve the money.

The police have since arrested all of them while investigations commence into their crime.

The Ghana Investment Promotion Council (GIPC) and the Ghana Revenue Authority (GRA) have meanwhile expressed concerns about the operations of foreign firms in Ghana.

Their objective is to ensure that the tax laws are respected, so that businesses refrain from tax evasion.

The measure is to cure the status quo where many foreign firms change ownership, and at times operating names after five years of operation in Ghana.

YEN.com.gh understands that most companies resort to this way to evade tax when the tax holiday granted them expired.

Others too find ways of transferring cash from this country to another when their tax holiday expires.

READ ALSO: Video of Patapaa pausing on stage to pick money goes viral

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Source: Yen.com.gh

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