Dawn
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14:37 May 27, 2025
The National Accountability Bureau (NAB) on Tuesday announced a public auction of six Bahria Town properties in Rawalpindi and Islamabad on June 12. The development adds on to NAB’s previous actions against property tycoon Malik Riaz, who owns Bahria Town and is an absconder in the £190 million Al Qadir Trust Case. In a notification today, NAB listed six properties of the project owned by tycoon Malik Riaz, including five in Rawalpindi and one in Islamabad. The properties were being auctioned to recover the defaulted amount of a plea bargain under Section 33E of the NAB Ordinance 1999, it added. NAB media director Birj Lal Dosani confirmed the details to Dawn.com, stating that the amount was being recovered in connection with corruption charges under a plea bargain. Earlier this year, the watchdog warned the public against investing in Bahria Town’s Dubai project and began extradition efforts for Riaz and his son. In February, NAB [filed] a reference against Riaz, ex-Sindh chief minister Syed Qaim Ali Shah, M...