The National Accountability Bureau (NAB) has exposed a massive scam involving huge amounts of money. Investigators found Bahria Town Lahore illegally acquired 204 kanal of prime land worth billions.
Here’s what happened:
First, housing society officials colluded with revenue authorities. Together, they transferred the land unlawfully. The property is located in two areas: Mauza Manak and Mauza Bhai Kot, which are part of the Raiwind region.
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Thankfully, Assistant Registrar Jahanzeb Akbar blew the whistle. Because of his actions, NAB recovered all the stolen land. The property has now returned to its rightful owners.
Malik Riaz faces bigger problems:
Currently in UAE, the tycoon can’t escape trouble. NAB declared him an absconder in the Al-Qadir Trust case. This case is connected to the £190 million UK scandal, suggesting potential international implications or shared financial irregularities.
Now, authorities are taking strong action. They’re freezing Bahria Town assets nationwide. Plus, they’re seeking Riaz’s extradition through Interpol.
Important warning for public:
NAB clearly states: “Avoid investing in Bahria Town projects!” This includes their new Dubai venture. If you’re involved, you could face serious consequences, including money laundering charges.
Why this matters:
This case reveals how Pakistan’s real estate sector operates. Powerful players often exploit weak systems. However, NAB’s actions show progress. Their investigation could bring major changes.
