The National Accountability Bureau (NAB) has tightened its noose around Bahria Town Karachi.
The decision followed the filing of a reference against Malik Riaz and others involved in the alleged illegal activities surrounding the development.
NAB Karachi had also placed banners at strategic locations, including the Bahria Town head office, entry and exit points, toll plazas along the Super Highway, and other significant areas.
These banners warned the public against engaging in any commercial transactions or property dealings related to Bahria Town.
The measures have been described as a significant step in NAB’s ongoing efforts to hold accountable those involved in corruption and illegal property transactions in Karachi.
– Orders issued to freeze 10,468 commercial plots of Bahria Town –
These instructions were delivered by the Director-General (DG) of NAB Karachi, Javed Akbar Riaz, after an investigation that uncovered significant evidence of corruption.
According to NAB, the investigation revealed that Bahria Town, its owner Malik Riaz, and his associates, including Ahmad Ali Riaz, Zain Malik, Shahid Qureshi, Faisal Qureshi, Mohammad Awais, Wasim Rifat, and Waqas Rifat were involved in widespread corrupt practices.
The inquiry found that these individuals had engaged in illegal activities linked to land acquisition and allotment.
The NAB had issued orders to freeze a total of 10,468 commercial plots owned by Bahria Town Karachi.
These instructions were delivered by the Director-General (DG) of NAB Karachi, Javed Akbar Riaz, after an investigation that uncovered significant evidence of corruption.
According to NAB, the investigation revealed that Bahria Town, its owner Malik Riaz, and his associates, including Ahmad Ali Riaz, Zain Malik, Shahid Qureshi, Faisal Qureshi, Mohammad Awais, Wasim Rifat, and Waqas Rifat were involved in widespread corrupt practices.
The inquiry found that these individuals had engaged in illegal activities linked to land acquisition and allotment.
