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Pakistan top court declines real estate giant’s plea seeking to stay auction of properties
KARACHI: Pakistan’s top court on Friday turned down a plea by real estate giant, Bahria Town, that sought to stay auction of its commercial properties in an ongoing graft case that has caught widespread public attention. The development came a day after Pakistan’s National Accountability Bureau (NAB) said it had auctioned three out of six properties, owned by Bahria Town and its founder Malik Riaz Hussain, saying the move was part of its efforts to recover “defrauded funds” from a court-approved plea bargain tied to a £190 million settlement with Britain’s National Crime Agency (NCA).
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Pakistan’s top real estate firm to contest court ruling as anti-graft body plans property auction
KARACHI: Pakistan’s leading real estate company will challenge a court ruling clearing the way for the auction of six of its properties, its lawyer said on Wednesday, as the…
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Pakistan says evidence of money laundering by top real estate firm, founder found by FIA
ISLAMABAD: Pakistan’s Information Minister Attaullah Tarar announced on Wednesday that the Federal Investigation Agency (FIA) has collected evidence of money laundering, amounting…
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Pakistan’s anti-graft body auctions three properties owned by top real estate firm
KARACHI: Pakistan’s national anti-graft body said it auctioned three properties owned by top real estate firm Bahria Town and its founder Malik Riaz Hussain on Thursday, saying…
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Pakistan top court declines real estate giant’s plea seeking to stay auction of properties
KARACHI: Pakistan’s top court on Friday turned down a plea by real estate giant, Bahria Town, that sought to stay auction of its commercial properties in an ongoing graft case…