Malik Riaz responds over the allegations levelled against him in SC hearing
ISLAMABAD - Bahria Town owner Malik Riaz on Monday has responded over the allegations levelled against him during the hearing of the case in the Supreme Court of Pakistan.
He tweeted that he purchased the land for Bahria Icon tower on the coast of Arabian Sea in Karachi through a cross cheque payment.
Referring to a Supreme Court case indicting his son-in-law, Zain, for money laundering, he claimed that there was no irregularity or illegality involved in the purchase. He also said that the court has summoned him and his son-in-law merely on matters of purchase and they will both present themselves in court with “clean hands”.
On Monday, the top court barred the trading and transfers of the properties of the Zardari Group, Bahria Town and Omni Group after a report submitted by a joint investigation team (JIT) held them responsible in a mega-money laundering and fake accounts case.
The court also threatened the Bahria Town owner with arrest if he does not appear in court.
Malik Riaz’s son-in-law Zain Malik and 14 other bankers and businessmen have been booked in the case pertaining to alleged laundering of Rs4.14 billion through 29 ‘fake’ bank accounts, while Hussain Lawai, Taha Raza, Anvar Majeed and Abdul Ghani Majeed have been detained for their alleged involvement in facilitating the transactions.
The case was initially registered in 2015 against former Pakistan Stock Exchange (PSE) chairman Hussain Lawai, who is widely believed to be close to former president Zardari.