NAB Raids Bahria Town Office Rawalpindi – Happening Now [Breaking News]

The National Accountability Bureau (NAB) raids the Bahria Town office, Rawalpindi and takes custody of records regarding the Al-Qadir Trust University case. A 16-member NAB team accompanied by Punjab police and elite force personnel raided. The NAB has also initiated an investigation into alleged irregularities against Bahria Town. Plus, for land acquired for Bahria Enclave.

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Nab raids Bahria Town Office Key Statistics (Top Picks)

• 3,031 acres Land: The amount of land occupied by Bahria Town Karachi.
• 16,896 acres: The land agreed for Bahria Town, Karachi, as per the court decision.
• 19,931 acres: The total land currently possessed by Bahria Town, Karachi.
• 813 acres: The land occupied by Bahria Town in Malir district.
• 2,222 acres: The land is occupied by Bahria Town in Jamshoro.
• Rs.460 billion: The amount to be recovered from Bahria Town, Karachi, as per the court case.
• £190 million: The amount of money involved in the case against former Prime Minister Imran Khan and linked to Bahria Town.

Sources: SAMA News

In a significant development, the National Accountability Bureau (NAB) has conducted a raid on the Rawalpindi office of Bahria Town, seizing crucial records related to the Al-Qadir Trust University case. This move marks an escalation in the ongoing investigation into alleged irregularities and corruption involving the prominent real estate developer.

The NAB team, comprising 16 members, was accompanied by Punjab police and elite force personnel during the raid. The operation was carried out, with the team taking custody of important documents and digital evidence from the computers. The raid lasted for over two hours, and the NAB team also sealed the corporate head offices of Bahria Town.

The investigation into Bahria Town’s irregularities is not limited to the Al-Qadir Trust University case. The NAB has also initiated a probe into the acquisition of land for Bahria Enclave, which was earmarked for a zoo by the Capital Development Authority (CDA).

The Supreme Court has already taken notice of Bahria Town’s excesses, with a report revealing that the company has occupied 3,031 acres of additional land in Karachi beyond what was agreed upon with the court. The total land possessed by Bahria Town in Karachi now stands at 19,931 acres, with 813 acres in Malir district and 2,222 acres in Jamshoro.

The case has significant implications, with Rs460 billion to be recovered from Bahria Town, Karachi. The investigation is also linked to a £190 million case against former Prime Minister Imran Khan, with Malik Riaz’s name features in the case.

As the investigation unfolds, how Bahria Town will respond to the allegations? Malik Riaz has denied wrongdoing, claiming victimization for introducing state-of-the-art projects in Pakistan since 1996. However, the NAB’s actions suggest that the agency is determined to get to the bottom of the case and hold those responsible accountable.