Federal Tax Ombudsman has decided to take action against real estate tycoon Malik Riaz and Chief Justice of Pakistan's son Dr Arsalan Iftikhar for alleged tax evasion. The Suddle Commission in its report had revealed that Malik Riaz evaded taxes worth Rs 119 billion and Arsalan Iftikhar evaded Rs 50 million taxes.

Regarding this, the Federal Tax Ombudsman said the issue of tax evasion could not be left unattended. Federal Tax Ombudsman has also decided to call in the Federal Board of Revenue to take necessary action into the matter.

Copyright News Network International, 2012