NAB has issued a warning to the public against investing in Bahria Town’s new Dubai project. According to NAB, legal steps are being taken to extradite Malik Riaz from the UAE due to accusations of fraud, illegal land grabbing, and misleading practices in various cities across Pakistan.
NAB also suspects that the Dubai project may involve money laundering and has urged people to exercise caution before investing. The bureau has emphasized the importance of protecting public interests and staying vigilant against potentially risky ventures.
In response to these claims, Malik Riaz has dismissed the allegations as baseless and called them an attempt at blackmail.
He stated that he will not be pressured by such accusations. Despite being declared an absconder in the Al-Qadir Trust case, Riaz remains firm in his stance.
Riaz has also defended the Dubai project, claiming it will help improve Pakistan’s image on the global stage. However, NAB continues to advise the public to thoroughly investigate and be cautious about any involvement in the project.
The situation has drawn significant public attention, with debates around the legitimacy of the project and the accountability of those involved. NAB’s warning highlights the need for careful scrutiny and transparency in investment decisions, particularly in large-scale projects like this.
