ISLAMABAD – Standard Chartered Bank has approached the Islamabad High Court for an injunction to prevent the arrest of a local branch manager.

The court issued a notice to the Inland Revenue instructing its officials not to proceed with a threat to arrest the bank employee for allegedly obstructing its attempts to recover tax from a bank account.

The Inland Revenue demanded Standard Chartered transfer the amount of Rs.6,080,416,433 from the account of a client, a private company to satisfy a tax demand.

However, when the branch manager rejected the request after the client obtained a ruling from the High Court blocking the transfer. Tax officials responded by issuing a new notice that threatened the manager with arrest for non-compliance.

The Standard Chartered counsel Naveed Andrabi Advocate argued yesterday that the latest Inland Revenue notice should be declared illegal. He further requested the court that the tax authorities had abused their law by their actions.

A single bench of IHC comprising Justice Aamer Farooq has issued notices to deputy commissioner Inland Revenue and other respondents and directing them to submit their reply in this matter by January 26.