IHC disposes of plea seeking probe into Malik Riaz’s tax matters

The Islamabad High Court (IHC) on Wednesday disposed of the petition, seeking investigation into tax matters of property tycoon Malik Riaz in 190 million pounds case (Al-Qadir Trust case) against former prime minister and PTI Chairman Imran Khan, reported 24NewsHD TV channel.

Pir Muhammad Ashraf Rasool, who filed the petition through his lawyer Pir Muamar Hussaini Rasul, said that according to the NCA both Riaz and his son Ali Riaz had kept the transactions in the Al-Qadir Trust case confidential. “And there is a likelihood that in this way tax laws may have been violated,” he said, and added, “A complete investigation into charges of tax evasion and money laundering against both father and son is of extreme importance because it is of public interest.”

The petitioner also sought probe into the alleged scandal under the Anti-Money Laundering Act, and that, too, under the court’s supervision so that impartiality could be ensured.

He also sought protection for those assisting in the investigation and providing information.

The petitioner also requested the court that the case be heard in an open court so that people could remain informed.  

Furthermore, he prayed to the court to slap fine if allegations of tax evasion and money laundering were proved.

The property tycoon is said to be one of the main suspects in the high-profile Al Qadir Trust case in which the PTI chairman and his wife are facing charges of minting billions of rupees and hundreds of kanals of land from Bahria Town for a deal during the last PTI government.

It was on May 9, 2023 that the NAB had arrested Imran in the case that triggered protests by PTI supporters who went wild and torched and ransacked public and private properties, including military installations.

Reporter: Rozeena Ali