Islamabad:Bahria Town’s Chief Malik Riaz displayed taxable income worth only Rs. 30.26 Million during tax year 2011 and has only submitted tax of only Rs. 6.8 Million in the National treasure while a total of 20.40 Million was showed in amount of personal expenses which is far more than the tax paid.
Moreover, Riaz showed the total value of his net assets to 50.8 Million by 30th June 2011 and displayed an increase of 4.1 Million in his assets and 7.8 Million of miscellaneous expenses.
It is to mention here that Malik Riaz is one of the richest persons in Pakistan and a leading character behind Arsalan Iftikhar’s saga who is alleged of taking money from Malik Riaz to influence the court orders.