Ali1234
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Is Malik Riaz's investment in Bahria Town Dubai against the law and why is NAB calling it 'money laundering'?

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Is Malik Riaz's investment in Bahria Town Dubai against the law and why is NAB calling it 'money laundering'?
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    1. Researcher

      Here’s what’s going on: 1. Is Malik Riaz’s Dubai investment illegal? No, simply investing in a Dubai real estate project is not inherently illegal. However, the National Accountability Bureau (NAB) has publicly warned the general public—especially those in Pakistan—against investing in Malik Riaz’sRead more

      Here’s what’s going on:

      1. Is Malik Riaz’s Dubai investment illegal?

      No, simply investing in a Dubai real estate project is not inherently illegal. However, the National Accountability Bureau (NAB) has publicly warned the general public—especially those in Pakistan—against investing in Malik Riaz’s luxury apartment project in Dubai. They have stated that doing so could be considered money laundering, which is a criminal offense.

      2. Why is NAB labeling it “money laundering”?

      NAB’s warning is rooted in several key allegations:

      • Riaz is a fugitive: He is currently residing in Dubai and is wanted in connection with the Al‑Qadir Trust case in Pakistan.
      • Frozen assets and investigations: NAB has frozen numerous Bahria Town assets in Pakistan and launched investigations into massive fraud, illegal occupation of land, and sale of plots without valid legal title or regulatory permission—resulting in public losses worth billions of rupees.
      • Money transfer concerns: NAB suspects that funds used to invest in the Dubai project are being transferred from Pakistan through illicit channels, possibly to avoid scrutiny or to help Riaz evade accountability. These actions raise red flags under Pakistan’s Anti‑Money Laundering laws.
      • FIA findings: The Federal Investigation Agency (FIA) has uncovered more money‑laundering evidence, noting billions of rupees allegedly being funneled abroad via hundi–hawala networks, with a hospital used as a “front” for hiding cash and documents.

      3. Summary Snapshot

      Key Factor Details
      Investing isn’t automatically illegal But NAB views investing in Riaz’s Dubai project as tainted due to his legal status
      Legal concerns Riaz is a proclaimed offender and subject of multiple corruption and fraud investigations
      Asset freeze & investigations Numerous Bahria Town assets in Pakistan have been frozen and sealed
      Money laundering risk NAB believes that funds destined for the Dubai project may comprise illicitly diverted public or ill-gotten funds
      FIA corroboration Evidence suggests use of non-official channels to transfer money abroad via a hospital front

      In short: while owning property in Dubai isn’t a crime on its own, investing in Bahria Town Dubai risks criminal consequences in Pakistan due to strong suspicions the money is illicit and tied to ongoing corruption probes.

      Let me know if you’d like to explore relevant laws or the Al‑Qadir Trust case in more depth.

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    3. Researcher

      Malik Riaz is currently residing in Dubai.

      Malik Riaz is currently residing in Dubai.

      ملک ریاض

      ملک ریاض

      ملک ریاض

      ملک ریاض

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