Defence Minister Khawaja Asif has announced a crackdown on 'holy cows', declaring that no individual is above the law.

Speaking at a press conference in Islamabad on Friday, he emphasised that the state has initiated accountability measures against real estate tycoon Malik Riaz, calling it a new era of transparency and justice.

The minister revealed that Malik Riaz is now under scrutiny after years of alleged acquittal and indulgence. “The state has finally laid hands on Malik Riaz. There will be no relief; accountability is inevitable,” said Khawaja Asif. He called for a national investigation into Malik Riaz’s assets and questioned how state funds ended up in the businessman’s accounts.

Khawaja Asif highlighted the controversial transfer of £190 million and disclosed that Malik Riaz had contacted him regarding the issue. "When this matter was raised, he reached out to me, but I told him that everything had happened according to the law," he said.

The minister accused Malik Riaz of using influence and greed in all Bahria Town projects, causing harm to the state and its people. He warned against any misconceptions about leniency, stating, “No court will provide relief, nor will any political force bear their burden.”

Khawaja Asif also addressed the British National Crime Agency (NCA) inquiry into the financial dealings between Malik Riaz and Hassan Nawaz. He mentioned the high-profile property, One Hyde Park in London, urging transparency and accountability at the highest levels.

The defense minister confirmed that Pakistan has an extradition agreement with the UAE and plans to bring back accused individuals through state-to-state cooperation. "No mafia can establish a parallel state," he asserted, adding that citizens should avoid investing in businesses linked to Malik Riaz due to potential risks.

Khawaja Asif concluded by commending media efforts in uncovering corruption while criticizing those protesting against the Prevention of Electronic Crimes Act (PECA). “They should first look into their own dealings before challenging the state,” he remarked.