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Is Malik Riaz's investment in Bahria Town Dubai against the law and why is NAB calling it 'money laundering'?
Malik Riaz is currently residing in Dubai.
Malik Riaz is currently residing in Dubai.
Is Malik Riaz's investment in Bahria Town Dubai against the law and why is NAB calling it 'money laundering'?
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:
3. Summary Snapshot
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.
See lessBahria Town: What happened in the auction of six properties worth billions of rupees?
One property was successfully auctioned during the auction ceremony of six commercial properties in Bahria Town on Thursd
One property was successfully auctioned during the auction ceremony of six commercial properties in Bahria Town on Thursd
Bahria Town: What happened in the auction of six properties worth billions of rupees?
Here’s a clear breakdown of what happened in the auction of six Bahria Town properties: What Happened in the Auction? 1. Legal Clearance to Proceed The Islamabad High Court (IHC) dismissed petitions challenging the auction on August 6, 2025, allowing the National Accountability Bureau (NAB) to go ahRead more
Here’s a clear breakdown of what happened in the auction of six Bahria Town properties:
What Happened in the Auction?
1. Legal Clearance to Proceed
The Islamabad High Court (IHC) dismissed petitions challenging the auction on August 6, 2025, allowing the National Accountability Bureau (NAB) to go ahead with the sale scheduled for the next day.
2. Auction Execution (August 7, 2025)
NAB conducted a public auction of six commercial properties tied to Bahria Town and its chairman, Malik Riaz. This was aimed at recovering amounts defaulted under a 2019 court‑approved plea-bargain agreement.
Results:
Final approval from NAB’s competent authority is still pending.
3. The Bigger Picture
This auction is part of a broader accountability drive against Bahria Town and Malik Riaz, linked to corruption investigations and a plea bargain worth £190 million (roughly Rs — billion).
Further complications include a money‑laundering probe by FIA uncovering hidden funds and document destruction attempts.
Summary Table
Let me know if you’d like insights into the outstanding financial obligations or how this fits into the ongoing legal saga surrounding Bahria Town.
See lessWhat is Trump's salary as President?
It should be noted that under US federal law, the president is paid a base salary of $400,000 annually.
What is Trump's salary as President?
As President of the United States, Donald Trump’s official annual salary was $400,000, a figure set by Congress in 2001 and unchanged since then . In addition to this base salary, the presidency includes other financial allowances and non-monetary perks. These typically comprise: A $50,000 non-taxabRead more
As President of the United States, Donald Trump’s official annual salary was $400,000, a figure set by Congress in 2001 and unchanged since then .
In addition to this base salary, the presidency includes other financial allowances and non-monetary perks. These typically comprise:
When combined, these allowances raise the total annual compensation package to approximately $569,000, along with invaluable benefits such as free housing in the White House, use of Air Force One and Marine One, Secret Service protection, and medical care .
Summary:
So, while the official salary stood at $400,000 per year, the full compensation—including allowances and benefits—brought the total package to around $569,000 annually.
Would you like details on how Trump allocated (or donated) his salary during his presidency?
See lessWhere did Trump spend his first salary as president?
US President Donald Trump announced yesterday that he has donated the first salary he received during his second term as president.
US President Donald Trump announced yesterday that he has donated the first salary he received during his second term as president.
Where did Trump spend his first salary as president?
Donald Trump, who pledged to donate his presidential salary during his time in office, donated his first-quarter salary of $78,333 in 2017 to the National Park Service. At a White House press briefing in April 2017, then-Interior Secretary Ryan Zinke accepted the check and said the money would go toRead more
Donald Trump, who pledged to donate his presidential salary during his time in office, donated his first-quarter salary of $78,333 in 2017 to the National Park Service.
At a White House press briefing in April 2017, then-Interior Secretary Ryan Zinke accepted the check and said the money would go toward funding battlefield preservation projects.
Throughout his presidency, Trump continued the practice of donating his quarterly salary to various government departments and initiatives, such as:
Trump did not personally “spend” the salary; instead, he followed through on his public promise to donate it.
See lessWhat caused the devastating flash floods in the Indian state of Uttarakhand?
India: Video of terrifying flash floods following cloudburst in Uttarakhand emerges
India: Video of terrifying flash floods following cloudburst in Uttarakhand emerges
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What caused the devastating flash floods in the Indian state of Uttarakhand?
Multiple factors appear to have combined to cause the catastrophic flash floods in Uttarakhand in early August 2025. Immediate Triggers Cloudburst? Early media reports attributed the disaster to a cloudburst—an extremely heavy, localized rainfall event. They noted intense rainfall, over 100 mm per hRead more
Multiple factors appear to have combined to cause the catastrophic flash floods in Uttarakhand in early August 2025.
Immediate Triggers
Early media reports attributed the disaster to a cloudburst—an extremely heavy, localized rainfall event. They noted intense rainfall, over 100 mm per hour, falling in the Harsil Valley, which overwhelmed Dharali village and swept away homes and hotels .
However, official data from the India Meteorological Department (IMD) contradicts this, indicating only 27 mm of rain recorded that day—far below the threshold for a cloudburst .
Experts now suspect that the flash flood was more likely driven by glacier-related events—such as a glacier collapse, a glacial lake outburst flood (GLOF), or a massive landslide—which released debris and water suddenly into the Kheer Ganga river. This torrent then swept through Dharali at devastating speed .
Underlying Risk Factors
The Himalayan region is facing accelerated glacial melting and increased formation of unstable debris. Rising temperatures and shifting precipitation patterns create conditions ripe for glacial snout detachments and sudden collapses—often referred to as “natural time bombs” .
Rapid, often unregulated infrastructure projects—like roads, hotels, and tourism facilities—have emerged along fragile hillside terrains. Construction debris, deforestation, and hillside excavation in ecologically sensitive zones (such as the Bhagirathi Eco-Sensitive Zone) further undermine slope stability, increasing disaster risk .
Summary: What Caused the Uttarakhand Flash Flood?
In short, while a cloudburst was initially blamed, current analysis points toward a glacial-related collapse or lake/landslide event as the primary cause—compounded by climate change-driven instability and weakened by human interference in the fragile landscape.
Let me know if you’d like details on preventative measures, early-warning systems, or similar events in the region!
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