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.
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.