Law enforcement agencies, including the Federal Investigation Agency (FIA) and the National Accountability Bureau (NAB), raided Bahria Town offices in Islamabad, seizing crucial records as part of an ongoing probe into money laundering and illegal financial networks.
According to FIA officials, the raids led to the recovery of sensitive documents and the arrest of Bahria Town staff members. Initial investigations allegedly uncovered a vast hawala-hundi and money laundering network linked to property tycoon Malik Riaz and his son Ali Riaz.
The FIA claimed that three separate money laundering cases have been identified against Bahria Town:
- From 2016 to January 2025, laundering worth Rs 1.58 trillion.
- From 2015 to March 2025, laundering worth Rs 1 billion.
- Between 2005 and 2015, laundering worth Rs 24 billion.
Officials said evidence collected in the raids corresponds with earlier Bahria Town cases already under NAB investigation. Based on the new findings, NAB has reportedly reopened all pending cases against Bahria Town.
The FIA further disclosed details of benami (front) properties allegedly linked to the housing society, with an estimated worth of hundreds of billions of rupees.
Both FIA and NAB have intensified investigations and are expected to initiate daily legal proceedings from next week. Officials vowed to bring all illegal activities to their logical conclusion.
