CRIMEJul 6 · 15:12 UTCDAWN[email protected] (Syed Irfan Raza)

NAB takes possession of Karachi's Bahria Icon Tower amid investigation against property tycoon Malik Riaz

The National Accountability Bureau (NAB) took possession of Karachi's Bahria Icon Tower, valued at Rs100 billion, as part of an anti-money laundering investigation against property tycoon Malik Riaz. The court confirmed the provisional attachment of the tower, which was linked to proceeds of crime through M/s Galaxy Construction Private Limited.

Nexus surfaces and summarizes. The full story lives at the source.

Mentioned

National Accountability BureauorganizationMalik RiazpersonBahria Icon TowerplaceM/s Galaxy Construction Private LimitedorganizationRawalpindi Accountability Courtorganization

Spot something wrong with this article?Report a problem →

Forward this

Related Signal

Adjacent reporting

BUSINESSJun 9 · 13:33 UTC
ED provisionally attaches ₹100 crore assets in Jaypee Infratech-Jaiprakash Associates case
WORLDMay 27 · 18:49 UTC
Luxury New York apartment forfeited in suit involving corrupt 1MDB organization
CRIMEJul 1 · 07:40 UTC
Singapore seizes US$42.4 million bungalow linked to Nvidia chip fraud
SECURITYMay 28 · 13:20 UTC
Italy seizes $232m in Mafia assets tied to Cosa Nostra
SECURITYJun 17 · 12:11 UTC
NIA attaches land of terror case accused in J&K's Baramulla