Malik Riaz has consistently denied all allegations
NAB Freezes Bahria Town’s Assets in Major Crackdown
Massive Action Against Real Estate Giant | March 17, 2025 - 10:30 AM
Imtiaz Ali Abbasi, Chief Reporter Islamabad
Watts News, The Largest Digital News Network Pakistan
The National Accountability Bureau (NAB) has taken a major step against Bahria Town by freezing hundreds of bank accounts and seizing vehicles and properties across Karachi, Lahore, and Islamabad.
NAB Targets Bahria Town’s Financial Network
NAB’s official statement confirms that multi-storey residential and commercial properties in Golf City, Islamabad, New Murree, and Takt Padi have been sealed. This action aims to protect citizens from fraudulent transactions.
Officials claim that NAB has gathered solid evidence of financial mismanagement, land fraud, and money laundering related to Bahria Town. Authorities believe that funds from Pakistan are being transferred abroad to finance Malik Riaz’s Dubai-based real estate projects.
Money Laundering Allegations Intensify
A NAB spokesperson stated:
"Any funds transferred from Pakistan to foreign real estate projects will be considered money laundering, and strict legal action will be taken against those involved."
The bureau has also initiated a crackdown on fugitive suspects linked to Bahria Town’s financial operations, aiming to bring them back to face legal proceedings.
Malik Riaz Denies Wrongdoing
Despite NAB’s claims, Malik Riaz has consistently denied all allegations of financial misconduct. However, authorities insist that their investigations are backed by concrete evidence.
This case is expected to intensify as the government increases scrutiny on high-profile real estate projects involved in financial irregularities.
Follow us on social media (Facebook, Twitter, Instagram) or visit our website www.wattsnews.online.
Meta Description:
NAB freezes Bahria Town’s bank accounts and properties over money laundering allegations. Malik Riaz denies wrongdoing. Read the full story on Watts News.
Tags:
NAB crackdown, Bahria Town assets frozen, Malik Riaz fraud case, NAB investigation, money laundering Pakistan, Bahria Town Karachi, Bahria Town Lahore, Bahria Town Islamabad, NAB action 2025, Bahria Town properties seized, real estate fraud Pakistan, Malik Riaz Dubai project, NAB money laundering case
