The National Accountability Bureau (NAB) has intensified its actions against Bahria Town owner Malik Riaz and other individuals accused of fraud and deception. NAB has issued a public warning, urging people to avoid any transactions related to Bahria Town projects.
According to NAB’s spokesperson, multiple cases of fraud and deception are under investigation against Malik Riaz and other officials of Bahria Town. Several residential and commercial properties in Karachi, Lahore, Takht Pari, New Murree, Golf City, and Islamabad have been sealed as part of the investigation.
The spokesperson further revealed that hundreds of bank accounts and vehicles belonging to Bahria Town have also been frozen. Legal proceedings are ongoing to protect the rights of citizens who invested in Bahria Town projects.
NAB also disclosed that certain elements in Pakistan are transferring funds to Malik Riaz’s Dubai project for criminal assistance, and solid evidence of money laundering against Malik Riaz and his associates has been obtained.
NAB has warned that any funds transferred from Pakistan to this project will be considered money laundering, and strict legal action will be taken against those involved without discrimination.
The public is advised to ignore any attractive offers from Bahria Town and protect their hard-earned money. NAB has also launched an extensive operation to bring fugitive suspects back to Pakistan.
