Islamabad, March 17, 2025: In a sweeping crackdown, the National Accountability Bureau (NAB) on Monday froze hundreds of bank accounts and seized vehicles and properties linked to Bahria Town across multiple cities, including Karachi, Lahore, and Islamabad.
According to an official statement, NAB has sealed multi-storey residential and commercial properties in Golf City, Islamabad, New Murree, and Takht Pari as part of legal action aimed at protecting citizens affected by alleged fraudulent transactions.
Officials revealed that Bahria Town Pakistan is under investigation for multiple cases of financial mismanagement, land fraud, and money laundering. Authorities claim to have gathered substantial evidence suggesting that funds from Pakistan are being transferred abroad to finance Malik Riaz’s Dubai-based real estate ventures.
“Any funds transferred from Pakistan to support these projects will be treated as money laundering, and strict legal action will be taken against those involved,” a NAB spokesperson stated, warning the public to exercise caution regarding Bahria Town’s ongoing offers.
Additionally, NAB has intensified efforts to track down fugitive suspects linked to Bahria Town’s financial dealings, with measures underway to bring them back to face legal proceedings in Pakistan.
This development comes amid heightened scrutiny of high-profile real estate ventures accused of misleading investors and engaging in financial misconduct.
Malik Riaz, a key figure in Pakistan’s real estate sector, has consistently denied allegations of wrongdoing. However, NAB asserts that its investigations are based on solid evidence and will continue in full force.
