The number of inquiries and investigations filed by the National Accountability Bureau (NAB) Karachi against Bahria Town has reached 14.
The investigations related to alleged fraudulent allotments of thousands of acres of land to Bahria Town. In Jamshoro, bogus entries and alterations in the land record led to inclusion of land into Bahria Town.
The inquiry also covered alleged illegal sale and purchase of properties without payment of official fees.
In Malir district, the alleged illegal exchange and adjustment of more than 17,000 acres of government land is under scrutiny.
The probe included the purchase of 527 kanals in Murree from income allegedly earned through Bahria Town Karachi.
Money laundering allegations against Bahria Town are also under investigation.
The illegal allotment of land worth Rs6 billion in 2015 to Bahria Town for Rs383 million is also part of the case.
The non-possession of booked plots within the agreed period in various Bahria Town projects has been included in the inquiries.
Cases under inquiry also include alleged public fraud, non-payment of EOBI dues of employees, and illegal alignment of land meant for the K-IV project.
The construction of illegal buildings in Bahria Town Karachi in violation of SBCA regulations is also under examination.
Individuals named in the inquiries include Malik Riaz, Ahmed Ali Riaz, Zain Malik and members of Malik Riaz’s family.
Former Sindh chief minister Qaim Ali Shah, deputy commissioners and Bahria Town administrative officers are among those involved.
Officers from the Board of Revenue, SBCA, EOBI, Water Board and Land Utilisation Department have also been named.
Several estate agents, builders and developers, along with officers of the Malir and Hyderabad Development Authorities, are included as well.
FIA Commercial Bank Circle Operations
The Federal Investigation Agency (FIA) Commercial Bank Circle Karachi conducted successful operations and arrested two suspects involved in hawala hundi from Liaquat National Hospital and Sharafabad.
The arrested suspects have been identified as Muhammad Ashfaq and Muhammad Yameen. During the operation, the FIA recovered Rs7.2 million in cash, along with three mobile phones and other evidence linked to hawala hundi transactions.
According to the FIA spokesperson, the suspects failed to provide a satisfactory explanation for the recovered currency. Both individuals have been taken into custody, and investigations are underway.
The FIA further confirmed that raids are being carried out to arrest the suspects’ accomplices.
