Meliminar Malik Riaz Faces Extradition

The National Accountability Bureau (NAB) has warned the public against investing in Bahria Town's Dubai project, citing concerns of fraud and money laundering, as it pursues the extradition of Malik Riaz, the owner of Bahria Town (Pvt.) Ltd., from the UAE.

NAB alleges that Malik Riaz has engaged in fraudulent practices, including the illegal occupation of state-owned and private land, and has committed billions of rupees in fraud against the state and the public. The bureau claims that Riaz and his accomplices have occupied land in various cities, including Karachi, Takht Parri, Rawalpindi, and New Murree, without obtaining necessary permissions and certificates. As a result, properties were sold to the public without a clear title, resulting in financial losses to the public.

Malik Riaz has been declared an absconder in the Al-Qadir Trust case and has been linked to various housing societies in Peshawar and Jamshoro. Despite being accused of fraud, deceptive practices, and cheating the public, Riaz denies the allegations and claims that NAB is using him for blackmail. Information Minister Attaullah Tarar has stated that Riaz and his son should face the courts and present their defense, emphasizing that the NAB is taking "credible steps" against Riaz according to the law without bias.

The case against Malik Riaz is part of a broader effort by the Pakistani government to crack down on corruption and financial mismanagement. As the NAB continues to investigate Riaz's activities, the public is advised to exercise caution when investing in his projects, including the luxury apartment project in Dubai. The outcome of the extradition proceedings and the ongoing investigations will be closely watched, as they may have significant implications for the business and political landscape in Pakistan.