Phones Canada is excited to share the latest news about Iris Technologies, the parent company of wireless carrier Iristel, and their recent agreement with the Canada Revenue Agency (CRA) and the federal Department of Justice. Here are the key points you need to know:

– The CRA accused Iris Technologies of being involved in a $63 million tax “sham” but has now agreed to stop seizing the company’s assets.
– According to CRA’s Tax Court filings, Iris Technologies was allegedly part of an international scheme exploiting Canadian tax system weaknesses.
– Despite vehement denials from Iris Technologies and its CEO, Samer Bishay, the legal battle continues.
– The agreement between Iris Technologies and CRA includes removing specific officials’ names from lawsuits in exchange for halting asset seizures.
– Legal proceedings are ongoing, with little progress made due to Iristel’s refusal to provide crucial emails and invoices.

Stay tuned as this interesting case unfolds between Iris Technologies and the CRA. Phones Canada will keep you updated on any developments in this ongoing legal battle.