LAHORE: The Federal Board of Revenue (FBR) has constituted teams to arrest Riaz Qadir Butt and five others in tax evasion case of over Rs 1 billion.
According to the details, a Customs Court had already announced Riaz Qadir Butt and five others as proclaimed offenders. The FBR, Investigation and Prosecution (I and P) zone has registered a case against the former president of sugar mills owners association Punjab zone Riaz Qadir Butt and other directors namely Muhammad Irshad Butt, Abdul Manan, Awais Butt and Abdur Rashid Butt.
The Investigation and Prosecution zone claimed that Riaz Qadir Butt and directors have been involved in tax evasion of more than Rs 1 billion for last five years. The FBR has constituted teams for the arrest of the suspects and started possession of the properties of Makkah Sugar Mills. It is pertinent to mention here that during the investigation Rs 340 million tax frauds has been proved.
