ISLAMABAD: NAB, informing that Govt was reaching out to UAE seeking extradition of Malik Riaz, warned the public on Tuesday (21st Jan, 2024) that investing in Bahria Town’s new real estate project in Dubai would tantamount to money laundering.
Rags to Riches tycoon Malik Riaz is a co-accused and proclaimed absconder in the Al-Qadir Trust Case, in which IK and BB had been incarcerated. NAB maintained: “Mr Malik Riaz is residing in Dubai, UAE. He has recently launched a project for the construction of luxury apartments in Dubai, UAE.
“The general public at large is hereby advised and warned to refrain from investing in the stated project. If the general public at large invests in the stated project, their actions would tantamount to money laundering, for which they may face criminal/ legal proceedings.“
Newspakistan.tv