Dr Arsalan used CJP House’s address for commercial deals
LAHORE: According to reliable sources, Dr Arsalan Iftikhar Chaudhry was using the official address of Chief Justice House, Islamabad, for commercial purposes.
He was even using this address for his company with the name and style F.E.A. (Pvt) Ltd. Huge amounts, reportedly over Rs 300 million, were deposited in the account of this company owned by Arsalan Iftikhar with the correspondence address of Chief Justice House. It is a matter of concern that how an account could be opened in the name of a private limited company with the address of Chief Justice House.
This is a clear violation of Know Your Customers (KYC) instructions of the State Bank of Pakistan, which are required to be religiously followed by all banks and financial institutions of the country. Legally and morally, it cannot be comprehended as to how the official residence of the Chief Justice of Pakistan can be used for commercial deals.
The huge amounts which reportedly were credited as a matter of routine since 2009 in the accounts of Arsalan Iftikhar also raises the question as to why not a single Suspicious Transaction Report (STR) was ever generated.