”19 Pakistanis on UK’s radar, 10 ready to return money”, Babar Awan

He said that legal notices would be issued to more than 1,500 people in Pakistan that own properties in the United Kingdom as well as UAE.

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The UK police recently held an investigation in the ‘dirty money’, where they found assets of more than £190 million belonging to various Pakistani politicians and business tycoons. These assets included a luxurious mansion worth £50 million facing Hyde Parking in London.
According to the reports, Malik Riaz, a renowned Pakistani businessman, made a multi-million-pound agreement with National Crime Agency on Tuesday that involved not pleading guilty.
Nine bank accounts worth £140 million are ordered to freeze by National Crime Agency because of the allegations that all the cash in those accounts is supposedly the result of some crime.
The ownership, as well as money of the property in central London, would be handed over to the Pakistan government, where Malik Riaz is allegedly charged with corruption. The freezing orders are made against cash as well as assets, not an individual.

”19 Pakistanis on UK’s radar, 10 ready to return money”, Babar Awan

Malik Riaz (the owner of Bahria town) is said to be the most prominent private property developer in Asia. The unexplained wealth of Malik Riaz is no secret, and as of now, it has been ordered to seal eight of his bank accounts in the UK that supposedly contain £120 million.
Apart from that, legal notices would be issued to more than 1,500 people in Pakistan that own properties in the United Kingdom as well as UAE. FBR (Federal Board of Revenue) would soon start issuing these notices, and they would be released in two phases. Initially, those who own property in the UK and receive annual rents would be served with notices.
As mentioned by an FBR official,
“The FBR will dispatch these notices from its headquarters.” 
In the next phase, people with properties in UAE would be catered.

 

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