How Sharif Family’s 1 Hyde Park flat got Malik Riaz into trouble

Investigators from NCA (National Crime Agency) got nine freezing orders, recovering £140 million in funds in UK bank accounts.

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Malik Riaz Hussain, a Pakistani real-estate giant, has been in national and international headlines yesterday. The news became topic of the town after an Ireland-based news source reported that the Bahria Town owner has agreed to hand over cash and assets worth £190 million to 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.

1 Hyde Park previously belonged to Sharif family:

Among the property details that got Malik Riaz in trouble, 1 Hyde Park has attracted people the most, particularly because of its affiliation with the Sharif family. The properly, valued at a whooping £50 million, previously belonged to self-exiled son PM Nawaz Sharif, Hassan Nawaz.

Hassan and Hussain Nawaz were wanted by National Accountability Bureau (NAB) in connection with the Panama Scandal, but both went on self-imposed exile and were declared “proclaimed offenders” (PO) by Pakistani courts.

What are your views on this? Share with us in the comments bar below.

  • All media became idiot! Malik Riaz’s money will go to SC and he will deposit 460 billion rupees to SC in 10 years and he already owned 4600 billion worth of state land now. What will be the worth of this 4600 billion rupees land after 10 years? But 460 billion rs of SC will remain the same. All idiots of media are looking in wrong direction.

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