Haven’t committed any crime, says Malik Riaz


PESHAWAR: Bahria Town Chairman Malik Riaz, said on Thursday that he was innocent of a financial mistake and claimed that the National Crime Agency (NCA) had been investigating from past year, but he was not found guilty.

The real estate magnate was in conversation with the media when the Bahria Town office in Peshawar was established. Riaz said his children were Pakistani and British citizens abroad. He said that only civil cases were resolved.

“The NCA says we didn’t commit any crime. The money should be brought back to Pakistan and others like me should also bring their wealth into the country,” he said.

He also spoke in the media about the settlement agreement between the city of Bahria and the Supreme Court, under which the company would have to pay Rs 460 crore to buy land in the Maril district.

“We have an understanding with the Supreme Court. We will pay back the money even if I have to sell my house,” he said.

Riaz said he agreed to every agreement with the Pakistani government.

“As per the settlement with the court, this money will be given to Pakistan,” he said.

Regarding the NCA, Riaz refers to an extrajudicial settlement of £ 190 million between him and the agency. The settlement agreement also includes property worth £ 50 million. It arose from a British agent’s investigation into Riaz.

“In August 2019 eight account freezing orders were secured at Westminster Magistrates’ Court in connection with funds totalling around £120 million. These followed an earlier freezing order in December 2018 linked to the same investigation for £20 million. All of the account freezing orders relate to money held in UK bank accounts,” read a statement from the NCA.

The UK crime agency had said that all assets would be returned to the state of Pakistan.

You may also like