Pakistan to get £190 million that Malik Riaz is handing over to UK investigators

The assets will be handed over to the Pakistani government.

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Malik Riaz Hussain, a Pakistani real-estate giant, has agreed on handing over cash and assets worth £190 million tp the UK investigators.

The haul, which was previously under control of Malik Riaz, includes the Grade II listed building 1 Hyde Park Place, whose net worth is a whopping £50 million.

Investigators from NCA (National Crime Agency) got nine freezing orders, recovering £140 million in funds in UK bank accounts, on the basis that the cash may be the profit from the committed crime.

On Tuesday, it was announced that an agreement has been reached with Mr. Malik Riaz to hand over cash and ownership to the address, which overlooks Hyde Park. The assets will be handed over to the Pakistani government.

Hussain is the owner of Bahria Town, one of the biggest private-sector employers in Pakistan and also its largest privately-owned property development firm.

The freezing orders were issued on cash and assets, rather than against any individual. The settlement is a civil legal procedure that doesn’t represent the discovery of guilt.

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  • کتا جس مالک کا کھاتا ہے اسی کی وفاداری کرتا ہے
    پاکستان کا میڈیا، عدلیہ سابقہ اور حاضر فوجی جنرل
    بیورو کریٹ سیاست دان سب ملک ریاض کے ملازم ہیں
    اس نے سب کے منہ کو سور حرام لگایا ہوا ہے
    حتی کہ عمران خان بھی اس کے بارے کوئی بات نہیں
    کرتا —- جب تک کوئی انتہائی ایماندار شخص ملک
    ریاض کو گرفتار کر کے کٹہرے میں کھڑا نہیں کرے گا
    تب تک یہ شخص پورے پاکستان اور اس کی عوام کو
    رنڈی بنا کر ان کے مال اور عزتوں سے کھیلتا رہے گا

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