The National Accountability Bureau (NAB) has urged the public to avoid investing in Bahria Town’s new real estate venture in Dubai, warning of serious legal consequences tied to potential money laundering.
In a statement shared by Radio Pakistan, NAB highlighted that Malik Riaz, the prominent property developer, is currently residing in the UAE and has launched a project for luxury apartments in Dubai.
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The bureau warned that any investment in this project could be considered as aiding money laundering, leading to criminal or legal actions against investors. NAB further revealed that the government of Pakistan is pursuing Malik Riaz’s extradition from the UAE through legal channels.
The watchdog described Riaz as an absconder in the Al-Qadir Trust case, with numerous assets of Bahria Town already frozen. Ongoing investigations accuse Riaz and his associates of fraud, illegal land acquisitions, and deceptive practices.
According to NAB, Riaz has allegedly occupied both state-owned and privately held land in Karachi, Rawalpindi, New Murree, and Takht Pari without obtaining the required regulatory approvals. Similar illegal practices have been reported in other cities, including Peshawar and Jamshoro.
NAB accused Riaz of misleading the public by selling plots and files in unapproved housing schemes, despite lacking proper ownership or legal documentation for the land involved. It reiterated its commitment to holding those involved accountable.
 has urged the public to avoid investing in Bahria Town’s new real estate venture in Dubai.){kind=link}