The National Accountability Bureau (NAB) on Thursday auctioned six prime commercial properties belonging to Bahria Town, intensifying efforts to recover funds in connection with a 2019 court-approved plea bargain involving Malik Riaz’s family.
The move follows a 2019 plea bargain sanctioned by the Islamabad High Court (IHC).
The auction of properties was conducted at NAB’s Rawalpindi office and its premises in Sector G-6/1, Islamabad.
According to NAB officials, Rubaish Marquee in Islamabad was successfully auctioned for Rs. 508 million, Rs 20 million above its reserved price.
Corporate Office-I in Rawalpindi received conditional offers amounting to Rs. 876 million, while Corporate Office-II attracted bids worth Rs. 881.5 million.
Final approval of both offers is pending from NAB’s Competent Authority.
Three properties remained unsold due to lack of qualifying bids. A re-auction will be announced soon.
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good
Good job
Great job NAB
Hope it should be well done
Hahaha… reminds us the way 2024 election was stolen … feeling same for poor Riaz.
These SOB are buying these properties on peanut rate .. something really wrong.. in this hurried auction
Is Malik Riaz the only culprit in our beloved country? His controversial reputation notwithstanding, he deserves the credit for introducing in Pakistan a lifestyle affordable for the middle class which they could not have imagined otherwise. What about the accountability of ‘Pashas’ buying islands in Western countries?
Very rightly said.
Now hundreds of thousands of people living in Bahrai town will suffer forever. NAB acting again as a revenge tool rather than a proper department is causing more trouble than fixing issues.
I know i will get a lot of backlash for this opinion but the truth is malik riaz, ik, ns or any other Pakistani being targeted is eventually creating anarchy in life Pakistania
Bahria Town Malik Riaz is not the only. Anyhow good to see some money recovered from the property of the culprit. Inshallah some day other big fish will come in the net.
True the law should be equal for other culprits too.