Bahria Town head Malik Riaz evaded Rs119b tax

05 Aug, 2016 6:29 pm

ISLAMABAD (92 News) – Bahria Town has been found involved in tax evasion worth Rs 119 billion.

92 News has received the documents in this regard.

In 2010, Malik Riaz had claimed that he owned US$2.25 billion. The FBR has traced the difference of Rs 224 billion in his assets.

According to the documents, he declared his assets worth Rs 580 million. The FBR has served him notice to pay tax amounting to Rs 56 billion in addition to the fine of Rs 56 billion.

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