The National Accountability Bureau is conducting inquiries and investigations against the owner of Bahria Town private limited Malik Riaz and the people associated with him for fraud, deceptive practices and cheating public at large.

According to a press release of the bureau, the NAB possesses cogent and credible information about the fact that Malik Riaz and his accomplices have not only illegally possessed and occupied the state-owned land but also land belonging to private persons situated at Karachi, Takht-Parri, Rawalpindi and New Murree. He is using these lands for developing housing societies without obtaining mandatory and required regulatory permissions like No Objection Certificates and has committed fraud against the State and general public at large to the tune of billions of rupees.

In a duplicitous manner Malik Riaz has been developing housing societies under the name of Bahria Town (Pvt.) Ltd. in other cities including Peshawar and Jamshoro by illegally possessing and occupying land.

It was said that Malik Riaz continues to defraud the general public at large by selling them plots and files in these illegal housing societies. Neither does Malik Riaz nor Bahria Town (Pvt.) Ltd. have a good and clear title to any of the lands in these illegal housing societies.

At the moment Malik Riaz is an absconder in the NCA case and is wanted by Court. The NAB has already frozen innumerable assets of Bahria Town (Pvt.) Ltd. and Malik Riaz.

Malik Riaz, is residing in UAE, has recently launched a project for the construction of luxury apartments in Dubai.

The general public at large is hereby advised and warned to refrain from investing in the stated project. If the general public at large invests in the stated project, their actions would tantamount to money laundering, for which they may face criminal and legal proceedings.

The Government of Pakistan is reaching out to the Government of United Arab Emirates for the extradition of Malik Riaz through legal channels.