The National Accountability Bureau (NAB) conducted a raid on the corporate office of Bahria Town in Rawalpindi. This action was taken in connection with the ongoing investigation into the Al-Qadir University case. Malik Riaz, the prominent real estate tycoon, has made it clear that he will not become an approver in the case.
Sources report that a 16-member team from NAB carried out the operation, seizing crucial records from Bahria Town’s office. The raid was meticulously planned, with NAB officials and police encircling the office from all sides. A substantial contingent of Islamabad police was stationed outside the Bahria Town offices, sealing off all routes leading to the premises.
During the raid, which lasted over an hour, NAB officials searched the head office and subsequently sealed the Corporate Head Office 1 and 2, along with the Chief Executive Office and the complaints office. The thorough search aimed to gather all relevant documents and evidence pertaining to the investigation.
This high-profile raid has sent ripples through the business community, raising questions about the implications for Bahria Town and its operations. Malik Riaz, a towering figure in Pakistan’s real estate sector, has reiterated his stance, refusing to turn approver under any circumstances.
The ongoing investigation into Al-Qadir University has brought several key players into the spotlight, with NAB intensifying its efforts to uncover any potential irregularities. The raid on Bahria Town’s office marks a significant step in this broader probe, signaling NAB’s commitment to pursuing the case vigorously.
As the investigation progresses, all eyes will be on how this development impacts Bahria Town and its leadership. Malik Riaz’s firm stance adds another layer of complexity to an already intricate case.
The business community and the public alike are keenly watching the situation unfold, aware that the outcomes of such high-stakes investigations can have far-reaching consequences.