Regional Tax Office (RTO) Zone-I Lahore of the Federal Board of Revenue (FBR) after freezing the bank account of Arsalan Iftikhar, son of former Chief Justice of Pakistan Iftikhar Chaudhry, has recovered Rs2.8 million out of a total outstanding amount of Rs3.7 million against him.
FBR sources on Tuesday said that Arsalan was director of a company FEA (pvt) Limited situated in Gulberg. During the audit of fiscal year 2012-13, a sum of Rs3.5 million was declared as outstanding against this company while Arsalan as Director was declared a defaulter to the tune of Rs3.7 million. Sources said that the RTO team sent many notices to Arsalan for recovery of the outstanding amount. However, he never received or responded to them.
The RTO team, taking action on the directives of the RTO-I Commissioner froze Arsalan’s personal bank account and recovered the sum of Rs2.86 million. Proceedings have been launched for further recovery, RTO sources added.
Published in The Express Tribune, September 2nd, 2015.