• Dawn

    All construction activities in Bahria Town Karachi are illegal, SBCA tells SHC

    KARACHI: The Sindh Building Control Authority (SBCA) on Tuesday informed the Sindh High Court that all the construction activities at Bahria Town were unauthorized and illegal and its “Bahria Greens” project was launched without obtaining a sale and advertisement no-objection certificate from the authority. When a petition filed against Bahria Town’s new scheme came up […]

    Continue reading
  • Dawn

    SC rejects Bahria Town’s plea seeking delay in payment of land price for 3 years

    The Supreme Court on Wednesday rejected an application of Bahria Town (Pvt) Ltd Karachi (BTLK) seeking a three-year delay in the payments of the total Rs460 billion that it had agreed to pay for purchasing prime land in Karachi. In its plea filed on Tuesday, BTLK had sought freezing of the payment plan issued by […]

    Continue reading
  • MMNews

    Rs9bn plea bargain approved against Bahria Town director

    ISLAMABAD: The accountability court of Islamabad has approved plea bargain of Bahria Town’s director Zain Malik for over Rs9 billion plea with the National Accountability Bureau (NAB). NAB Chairman Javed Iqbal chaired a meeting to review the performance of NAB Rawalpindi office attended NAB Deputy Chairman Hussain Asghar, Prosecutor General for Accountability (PGA) Syed Asghar […]

    Continue reading
  • Dawn

    Contempt petition filed in SC against Bahria Town management

    ISLAMABAD: A lawyer moved a contempt petition before the Supreme Court on Monday, accusing the management of Karachi’s Bahria Town of violating a judgement of the apex court issued on March 21 last year. The petition was filed by Hafiz Arfat Ahmed Chaudhry against Malik Riaz Hussain, chairman of Bahria Town Karachi (BTK), his son […]

    Continue reading
  • Daily Times

    NAB files reference against Malik Riaz in Rs100bn land scam

    The National Accountability Bureau (NAB) has filed a reference against business tycoon Malik Riaz and many others for unlawful allocation of an amenity plot in the Clifton section of Karachi, where Pakistan’s highest building the Bahria Icon Tower, was constructed. The reference is said to be an offshoot of the case of the fraudulent account […]

    Continue reading
  • Naya Daur

    Malik Riaz Acquired Land For Bahria Town Karachi By Manipulating State Apparatus, PPP

    In a recent investigation by Daily Dawn into the real estate empire of Bahria Town Karachi (BTK) and its fabulously wealthy owner Malik Riaz, some more disturbing news has come to light. BTK is described as the largest housing project in all of South Asia, and the land for it appears to have been acquired through access to […]

    Continue reading
  • TRTWorld

    Why is the Pakistani media silent about this real estate tycoon?

    Malik Riaz has paid $250 million as part of a settlement with Britain’s money laundering investigating agency. Most news anchors won’t speak his name during their programmes. A guest in a talk show was muted every time he mentioned his name. Mainstream newspapers ran cautious stories. Forget opinions and investigative features. The story is about […]

    Continue reading
  • Arab News

    Lessons from the multi-million pound Malik Riaz settlement

    The United Kingdom’s National Crime Agency last week agreed to a settlement of GBP 190 million with Malik Riaz of Bahria Town fame regarding an investigation into his wealth holding in the UK, which is believed to be derived from corruption. This development is important on several counts. The PTI government had been on a […]

    Continue reading
  • aljazeera

    Pakistan tycoon hands over $248m to settle UK corruption probe

    UK’s National Crime Agency says assets and cash frozen in the country will be handed over to Pakistani government. Malik Riaz Hussain, a Pakistani real estate tycoon, has agreed to hand over 190 million pounds (approximately $248m) held in the United Kingdom to settle a corruption investigation. Hussain, one of Pakistan‘s richest and most powerful […]

    Continue reading
  • The Guardian

    Pakistani tycoon agrees to hand over £190m to UK authorities

    Nine freezing orders secured against Malik Riaz Hussain in ‘dirty money’ investigation. More than £190m of assets, including a £50m mansion overlooking Hyde Park in London, have been seized from a Pakistani property tycoon after a settlement in a UK police “dirty money” investigation. On Tuesday, the National Crime Agency said Malik Riaz Hussain had agreed […]

    Continue reading