Wednesday , January 29 2020

Malik Riaz booked in 1 trillion rupees land scam

Malik Riaz

ISLAMABAD: The National Accountability Bureau (NAB) has filed a reference against the real estate tycoon Malik Riaz and others on an illegal allotment for construction of Pakistan’s tallest building ‘Bahria Icon Tower’ on a residential plot in Clifton, Karachi.

The above reference is part of the fake accounts case against former President and Pakistan Peoples Party (PPP) co-chairman Asif Ali Zardari and his sister Faryal Talpur.

According to a local media newspaper report, this is the first reference in which the Chairman of Bahria Town has been nominated, with the NAB also nominating his son-in-law Zain Malik.

The reference filed with the Registrar of Accountability Court states that Bahria Town has constructed Icon Tower on a chartered plot adjoining Bagh Ibn Qasim, which was illegally allotted one trillion rupees to the national exchequer.

Related: Malik Riaz deals to hand over £190m of corruption money to British Crime Agency

It should be noted that this high-rise building is located near the coast of the Arabian Sea in Karachi, with 62 floors, of which 40 are of different uses.

After the scrutiny, the Registrar’s Office will forward the reference to the accountability court’s administrative judge, Mohammad Bashir.

In June last year, former Secretary of Sindh Works and Services Sajjad Abbasi was arrested for alleged involvement in the Icon Tower case, which later became a pardoned witness.

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