Arsalan suo moto: Ali Riaz submits statement in SC

ISLAMABAD: The chief executive of Bahria Town, Ali Riaz Malik has submitted his statement regarding the Arsalan Iftikhar suo moto case in the Supreme Court (SC), Geo News reported Tuesday.

Ali Riaz’s statement was submitted by his counsel Ali Zafar in which he has showed ignorance over the deal between Malik Riaz and Arsalan Iftikhar.

The statement said that Ali Riaz was appointed as Bahria Town’s chief executive in July 2008 and that Malik Riaz’s shares were transferred to Mrs Bina Riaz on May 14, 2012.

The statement further said that the Bahria Town is neither involved in any illegal money transfer or business deal between the two (Malik Riaz and Dr Arsalan) nor Bahria Town, Ali Riaz, Bina Riaz have leveled any charges against Arsalan Iftikhar.

The management reserves the right to respond if allegations are levelled against Bahria Town, the statement said.

The charges imposed by Shaheen Sehbai, Hamid Mir and Kamran Khan against Bahria Town are false and they referred to an individual act. These allegations carry no authenticity as far as Bahria Town is concerned, the statement added.

Ali Riaz said that Bahria Town is a corporate entity and pays all the taxes and duties.