The Federal Investigation Agency (FIA) and the National Accountability Bureau (NAB) carried out joint raids on Bahria Town’s offices in Islamabad on Monday, seizing critical records as part of an intensified crackdown on alleged money laundering and financial crimes.
According to FIA officials, several Bahria Town staff members were arrested during the operation, while investigators recovered sensitive documents believed to expose a vast hawala-hundi and money laundering network linked to real estate tycoon Malik Riaz and his son, Ali Riaz.
Authorities disclosed that three major money laundering cases have been identified against Bahria Town:
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Rs1.58 trillion laundered between 2016 and January 2025
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Rs1 billion laundered between 2015 and March 2025
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Rs24 billion laundered between 2005 and 2015
Officials confirmed that the evidence collected during the raids aligns with earlier Bahria Town cases already under NAB scrutiny. As a result, NAB has decided to reopen all pending files related to the property developer.
Investigators also unearthed details of alleged benami (front) properties tied to Bahria Town, estimated to be worth hundreds of billions of rupees.
Both FIA and NAB have now stepped up their efforts, with daily legal proceedings expected to begin next week. Officials vowed that the investigations would be taken to their “logical conclusion.”
