The British National Crime Agency Seizes Property in Malik Riaz
London: After accepting a £ 19m settlement offer from British authorities, the National Crime Agency (NCA) issued a statement stating the sale of property tycoon Malik Riaz's property to the Supreme Court Inconsistent.
It is to be noted that two days ago Malik Riaz tweeted on the social networking site Twitter that he had appeared under the Supreme Court's orders to submit £ 19m in the Bahria Town Karachi case. Property Sold
However, when an NCA official was asked if the settlement was the result of a sale of property by Malik Riaz, he told Dawn by email that the NCA had acquired the property. The sale will be returned to Pakistan.
In the light of this statement, it is clear that the British National Crime Agency is now in possession of a property worth £ 50 million in the name of a Hyde Park Place in London and no money from the sale is made to any individual. Rather, the state will be given to Pakistan.
However, it was unclear how Malik Riaz would use this money to pay for the Bahria Town case.
In this regard, Dawn contacted a Bahria Town spokesman and declined to respond.
It should be remembered that in March this year, a three-member bench, headed by Justice Sheikh Azmat Saeed of the Supreme Court, accepted an offer of Rs 460 billion to bring the land of Bahria Town Karachi into legal jurisdiction.
The Supreme Court, in its judgment, had said that the land was given by the Sindh government to the Malir Development Authority and its private contractor and whatever the provincial government did under the Colonial Government Land Act of 1912 was illegal. ۔
On the other hand, the statement came two days ago from the NCA that it had accepted the offer of £ 19m from Malik Riyadh's family after investigating properties and accounts for a month.
The first record of the investigation of Malik Riaz's assets in the UK by the NCA came to power in December 2018 after the Pakistan Tehreek-e-Insaf came to power.
In a press release issued on August 14, 2019, the Crime Agency said: "The NCA has ordered orders to freeze 8 bank accounts containing £ 100 million allegedly in another country." Bribes were obtained through bribery and corruption, followed by a hearing in December 2018, where two million pounds belonging to an individual were frozen '.
The statement added that the Westminster Magistrates Court on August 12 issued the Account Freezing Orders (AFO), which is the 'largest freeze amount' so far under the British Criminal Act 2017.
The aforementioned case also made its mark in international media headlines, including The Guardian, Al Jazeera, The Financial Times.
British newspapers wrote that Malik Riyadh will hand over 16,000 square feet of Grade 'A' to a Hyde Park place authorities, according to a report that this magnificent house is a 10-bedroom mansion, which includes a cinema, swimming pool. , Gymnasium, steam room and spa.
The investigation into the UK's Digital Land Registry revealed that the British Virgin Islands 'Ultimate Holdings Limited' is the registered owner of this property, the document said, as of November 14, 2019.
According to land registry records, the property was purchased from Hassan Nawaz Sharif in 2016 for £ 4m, but sources in the Sharif family told Dawn that Hassan Nawaz had no connection with the property after the sale.