Malik Riaz Responds to the NCA Settlement – Research Snipers

Malik Riaz Responds to the NCA Settlement

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Bahria Town Chairman Malik Riaz responded to the NCA settlement. He said that he has not committed any financial wrongdoing and nor has the NCA held him guilty for any crime.

While inaugurating a Bahria Town office in Peshawar, Riaz spoke to the media. He said that his children were overseas Pakistanis and British citizens. Adding, that a settlement was conducted on a civil matter.

“The NCA says we didn’t commit any crime. The money should be brought back to Pakistan and others like me should also bring their wealth into the country.”

Must read: People Staged a Protest Inside Bahria Town Karachi

Talking about the settlement case of Bahria Town with the Supreme Court over the land it occupies in the Malir District, Riaz said, “We have an understanding with the Supreme Court. We will pay back the money even if I have to sell my house.”

Furthermore, Riaz said that he did not have any settlement with the Pak government.

Adding, “As per the settlement with the court, this money will be given to Pakistan.”

About NCA he referred to an out-of-court £190m settlement between him and the agency.

A statement from the NCA read, “In August 2019 eight account freezing orders were secured at Westminster Magistrates’ Court in connection with funds totaling around £120 million. These followed an earlier freezing order in December 2018 linked to the same investigation for £20 million. All of the account freezing orders relate to money held in UK bank accounts.”

As per the UK crime agency, all the assets will be returned to the Pak state.

Earlier we informed our readers about how the National Crime Agency (NCA) agreed to a £190 million settlement with the family that owns large property development in Pakistan and elsewhere. The settlement was a result of an investigation by the NCA into Malik Riaz Hussain.

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