Bahria Town Founder Malik Riaz lands in hot waters yet again

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Bahria Town Founder Malik Riaz lands in hot waters yet again

*ISLAMABAD - **Bahria Town Founder Malik Riaz lands in hot waters yet again.*

*Malik Riaz, the founder of Bahria Town, has been named in another reference. This time it pertains to the Bahria Icon Tower in Karachi’s Clifton.*

Riaz has been accused of illegally acquiring an amenity plot, constructing Bahria Icon Tower there and using fake bank accounts to carry out transactions.

The National Accountability Bureau Rawalpindi filed the reference in an accountability court on Wednesday. It did not, however, issue any press statement on it.

Others named in the case include Riaz’s son-in-law Zain Malik, former adviser to Karachi mayor on Parks Liaquat Qaimkhani, Yousaf Baloch, and Dr Dinshaw Anklesaria, among others.

The inquiry into the case, called the Joint Venture Opal 225 case, was initiated as part of the fake accounts case. Suspects have been accused of causing a Rs100 billion loss to the national exchequer.

On August 1, 2019 a former Sindh government official was released on bail after he agreed to become NAB’s witness in the Bahria Town Icon Tower case.