Islamabad 12 August: Despite escalating legal actions against Bahria Town and its founder Malik Riaz, the National Accountability Bureau (NAB) has reassured residents that their personal properties within the development remain secure and unaffected.
The statement comes as NAB continues auctions and recoveries tied to a 2019 plea bargain, emphasizing that enforcement targets only illicit assets linked to the company, not individual homeowners.
The bureau’s assurance aims to calm concerns among thousands of residents amid ongoing probes into alleged land grabs and corruption. NAB’s recent auctions of Bahria Town-linked properties, including a marquee and corporate offices, have netted over Rs1.3 billion, with more sales pending.
Malik Riaz, declared an absconder in the £190 million Al-Qadir Trust case, faces frozen assets and potential further seizures, but NAB insists resident holdings are protected under legal safeguards.
Below is a table summarizing key properties associated with Malik Riaz/Bahria Town, their current status, and actions taken by NAB and the government:
READ MORE: Malik Riaz Shuts Down All Bahria Town Operations Across Pakistan
| Property Name | Location | Estimated Value | NAB/Government Action | Current Situation |
|---|---|---|---|---|
| Rubaish Marquee & Lawn | Near Bahria Garden City Golf Course, Islamabad | Rs508.3 million | Public auction conducted; sold for Rs20 million above reserve price | Sold; payment and transfer underway |
| Bahria Town Corporate Office II | Plot No. 7-D, Park Road, Phase II, Rawalpindi | Rs880.6 million | Auctioned as part of recovery efforts | Sold; conditional offer pending approval |
| Bahria Town Corporate Office I | Rawalpindi | Rs876 million | Conditional offer received in auction | Pending NAB approval; potential re-auction if rejected |
| Unsold Commercial Properties (3) | Islamabad/Rawalpindi | Unspecified | Attempted auction; no qualifying bids | Re-auction to be announced soon |
| State Land (51 Kanal) | Islamabad | Rs29 billion | Retrieval through investigation | Recovered and handed over to authorities |
| Safari Hospital (Alleged Front) | Rawalpindi | Unspecified | Raided; documents seized in money laundering probe | Assets frozen; investigation ongoing |
| Vehicles and Bank Accounts | Nationwide | Unspecified | Seized/frozen in Al-Qadir Trust case | Frozen; staff detentions reported; appeal filed with Supreme Court |
NAB’s operations, including the recovery of Rs3 billion for 17,214 fraud victims, highlight a broader crackdown, but the agency vows to differentiate between corporate violations and resident rights.
Read more: Bahria Town is Now Sacking Employees Due to Financial Troubles
