Islamabad, January 21,2025: The National Accountability Bureau (NAB) has made a significant decision regarding the assets of the Absconder Malik Riaz, with plans to seize additional properties linked to him. The NAB has decided to contact the Dubai government, and those who invest in his Dubai-based projects may face money laundering charges. Detailed reports are available on SAB NEWS.
As a national accountability body, NAB consistently fulfills its duties by informing the public about individuals involved in fraudulent schemes and illegal activities, particularly those running unapproved housing societies and deceiving people for financial gains. NAB is currently investigating numerous cases of fraud and deception against Malik Riaz, the owner of Bahria Town, and others.
NAB has strong evidence that Malik Riaz and his associates illegally occupied both government and private lands in Karachi, Rawalpindi’s Takht Pari, and New Murree. They established housing societies without proper permits, defrauding people of billions of rupees. Malik Riaz expanded his fraudulent operations to several cities, including Peshawar and Jamshoro, where he illegally occupied land and created unauthorized housing societies, continuing to deceive people out of substantial sums. Currently, Malik Riaz is a judicial fugitive, wanted by both the courts and NAB in connection with an ongoing case.
NAB has already seized numerous assets belonging to Bahria Town within Pakistan and is set to take further legal action without delay. Malik Riaz, now residing in Dubai as a judicial fugitive, has recently initiated a new luxury apartment project there.
The public is advised to refrain from investing in this project, as doing so may lead to involvement in money laundering activities, which could result in legal consequences. The Government of Pakistan will promptly engage with the Dubai authorities to discuss the way forward and safeguard innocent people from this fraudulent scheme and illegal activities.
