KARACHI: NAB has filed a reference on Wednesday (15th of January, 2020) against a number of people including Bahria Town-famed Malik Riaz for illegal allotment of Bagh-e-Qasim plot where the tallest building of Pakistan Icon Tower had been built.
According to details the reference is linked to the fake accounts case against Asif Ali Zardari and Faryal Talpur. However, it is pertinent to mention here that this is the first reference against Malik Riaz. Others facing the reference include Yousaf Baloch, Dr Dinshaw Anklesaria, Abdul Subhan Memon, Liaquat Qaimkhani, Waqas Raffat, Ghulam Arif, Khawaja Shafique, Jamil Baloch, Afzal Aziz, Syed Mohammad Shah, Khurram Arif, Abdul Karim Paleejo, Khawaja Badee-uz-Zaman.
NAB held in the reference filed before the registrar of the accountability court that the accused caused a loss of over Rs. 100 billion to the national exchequer through illegal allotment of an amenity plot related to Bagh Ibne Qasim, where Bahria Town constructed its Icon Tower.
A relevant piece published earlier:
Bahria Town asks SC to end all inquiries in return for Rs.485b
KARACHI: Bahria Town management has asked the Supreme Court for complete legal immunity in return of its new offer of Rs.485 billion.
The new proposal was submitted in the apex court today by the legal management.’
“After finalization of the proposal, all criminal and civil liabilities against its directors (past and present), shareholders, management of BTPL and/or its associated entities shall cease to exist,” read the proposal.
On 4th May, 2018 the court ruled that the Malir Development Authority illegally granted land to Bahria Town.
The Sindh government had allotted the land to MDA for building a housing scheme. The MDA, however, exchanged the land with Bahria Town, the court said. Bahria Town was even barred from selling any plot or apartment in the housing scheme. The top court has been hearing a case on the implementation of its verdict.
The Bahria Town has made several proposals to get the land transferred to it. The court has rejected all the proposals so far.