NAB to Auction Six Bahria Town Properties in Rawalpindi and Islamabad on June 12

Islamabad, May 27, 2025 — The National Accountability Bureau (NAB) has announced a public auction of six Bahria Town properties located in Rawalpindi and Islamabad, scheduled for June 12, 2025. This move is part of NAB’s ongoing efforts to recover defaulted amounts from a plea bargain under Section 33E of the NAB Ordinance 1999.

The properties, owned by real estate tycoon Malik Riaz, include five in Rawalpindi and one in Islamabad. NAB’s media director, Birj Lal Dosani, confirmed that the auction aims to recover funds related to corruption charges against Riaz, who is currently an absconder in the £190 million Al Qadir Trust case.

Earlier this year, NAB warned the public against investing in Bahria Town’s Dubai project and initiated extradition efforts for Riaz and his son. In February, the bureau filed a reference against Riaz, former Sindh Chief Minister Syed Qaim Ali Shah, Minister Sharjeel Memon, and others concerning land transfers to Bahria Town. Additionally, NAB filed two corruption references for unlawfully acquiring 4,500 kanals of state land in Rawalpindi’s New Murree for Bahria Golf City and the Takht Pari forest area.

In March, NAB reported sealing numerous commercial and residential properties of Bahria Town in Karachi, Lahore, Takht Pari, New Murree/Golf City, and Islamabad over corruption cases filed against Riaz. The bureau also froze hundreds of bank accounts and vehicles associated with Bahria Town.

A Rawalpindi Accountability Court has issued non-bailable arrest warrants for Riaz and his son, Ali Ahmed Malik, in the Takht Pari reference. NAB has repeatedly cautioned the public to avoid attractive inducements from Bahria Town and to protect their hard-earned savings.

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