Malik Riaz said that he will neither be used against anyone nor will he succumb to blackmail.
NAB Approaches UAE for Extradition of Malik Riaz, His Son. The National Accountability Bureau (NAB) has approached the United Arab Emirates (UAE) to extradite property tycoon Malik Riaz and his son Ali Malik.
The NAB authorities have initiated the extradition process of influential businessman from the Gulf country under international anti-money laundering laws and the Vienna Convention.
Earlier on January 22, the accountability watchdog warned the public against investing in Malik Riaz’s UAE-based real estate project, Bahria Town Dubai. The bureau also announced its decision to seek the extradition of Malik Riaz.
The press release stated, “NAB is conducting inquiries and investigations against the owner of Bahria Town (Pvt.) Ltd., Malik Riaz, and his associates for fraud, deceptive practices, and cheating the public at large.”
“At the moment, Malik Riaz is an absconder in the Al-Qadir Trust case and is wanted by the court. The accountability bureau has already frozen numerous assets of Bahria Town (Pvt.) Ltd. and its owner,” it read.
NAB alleged that Riaz continues to defraud the public by selling plots and files in these illegal housing societies.
The property tycoon took to X to respond to NAB’s allegations, saying that “Today’s baseless NAB press release is merely a new demand for blackmail. I am holding back, but I carry a storm in my heart.”
Malik Riaz said that he will neither be used against anyone nor will he succumb to blackmail. “The Dubai project will succeed and will make Pakistan’s identity known worldwide.”
