Details of Malik Riaz’s properties frozen in £190 million corruption case

NationalDetails of Malik Riaz’s properties frozen in £190 million corruption case

ISLAMABAD, Pakistan: An Islamabad Accountability Court has ordered to freeze the properties of property tycoon Malik Riaz Hussain and his son Ahmed Ali Riaz, who have been declared proclaimed offenders, in a 190-million-pound corruption case.

The accountability judge Mohammad Bashir issued orders to freeze movable and immovable properties of Malik Riaz Hussan and his son including bank accounts and vehicles.

Click Here to Read to Court’s Order to Freeze Malik Riaz’s Properties;

The Court ordered revenue officers across the Country to seize the offenders’ immovable properties. The Excise and Taxation Officers WERE ordered to confiscate vehicles registered in their names.

The Commercial Banks were directed to freeze their accounts and not allow transactions or withdrawals.

In the order, it was stated that the accused persons Malik Riaz and Ahmed Ali Riaz are declared as proclaimed offenders vide Order dated 06-01-2024 after completion of all proceedings / proclamation notices, as they are not appearing before the Court.

It was further stated that their vehicles shall be “seized by the NAB Authority through Additional Director / Incharge RMDC NAB.”

Additional Director / Incharge RMDC NAB is hereby appointed as Receiver of the immovable properties attached today, to take possession of the property in accordance with law, and to receive the rents of rented properties, and to prohibit the payment of rent or delivery of property to proclaimed offenders or any person on behalf of the proclaimed offenders. Compliance report be submitted within seven days,” read the order issued on January 12, 2024.

Mati-Ullah is the Online Editor For DND. He is the real man to handle the team around the Country and get news from them and provide to you instantly.

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