FBR sources said earlier yesterday 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 Iftikhar’s personal bank account and recovered the sum of Rs2.86 million. Proceedings have been launched for further recovery, RTO sources added.
Also read:Ex-CJP Iftikhar Chaudhry to sue Imran Khan