What's new

Stolen Pak Money coming back? NCA agrees £190m settlement after frozen funds investigation..

This has nothing to do with PML-N.

This is a case in regards to Malir or Karachi Superhighway project which Malik Riaz lost in Pakistan and decided with the Apex Court to settle it by selling one of his properties to pay for it. No one was found guilty.

Not sure why the PTI spin doctors are trying so hard to connect with PML-N.



I swear you guys are sick and disgusting ..... this has NOtHiNg to do with the Supreme Court decision. If it was then why not sell the house and pay to Supreme Court?
These assets were CONFISCATED.....not given voluntarily to the Pakistani government.
Are you Patwaris really blind or stupid...... shameless doesn’t describe you guys..
 
I swear you guys are sick and disgusting ..... this has NOtHiNg to do with the Supreme Court decision. If it was then why not sell the house and pay to Supreme Court?
These assets were CONFISCATED.....not given voluntarily to the Pakistani government.

"... According to ARU's statement, the court proceedings were "against the funds themselves, not against any named individual".

"The settlement is a civil matter and does not represent a finding of guilt," the statement emphasised.

Furthermore, the ARU revealed that the property included in the settlement was sold to the family in 2016 by Hassan Nawaz, former premier Nawaz Sharif's son.

Earlier this year in March, the Supreme Court of Pakistan accepted an offer of Bahria Town (Pvt) Ltd – owned by Malik Riaz – to settle cases pertaining to its Malir or Karachi Superhighway project in lieu of payment of Rs460 billion.

The deal was struck when the counsel representing the developer agreed to enhance their offer to Rs460bn from the earlier Rs450bn.

“The offer is accepted,” Justice Sheikh Azmat Saeed had declared after a brief hearing about implementation of the court’s judgement of May 4, 2018 in which it was held that grant of land to the Malir Development Authority (MDA) by the Sindh government, its exchange with the land of private land developers (Bahria Town) and anything done under provisions of the Colonisation of Government Land Act 1912 by the provincial government was illegal and of no legal existence.

The acceptance of the offer by the apex court restrained the National Accountability Bureau (NAB) from filing references against the directors and officials of Bahria Town. However, in case of default in payment of the settlement amount during the period agreed to under the deal (which has been reduced to seven years from eight), NAB will be free to file corruption references against the developer, but after prior permission of the court. ..."

https://www.dawn.com/news/1520223/u...es-to-190m-settlement-with-malik-riazs-family


Grow up.
 
Not confusing malik riaz is settling for hussain nawaz..if he doesnt settle both come under the axe


1.5 core voters or almost 40%of voters pakistani believe that he is innocent ..what do you expect than


Money works...
This is by far the largest ever recovery and slap on pakistani nation

not just by Pakistan but even by the UK standards

A £50 million central London house will be sold as part of the largest asset recovery settlement ever recorded by the National Crime Agency.

https://www.thetimes.co.uk/article/...t-recovery-by-national-crime-agency-65mqrk3v6
 
"... According to ARU's statement, the court proceedings were "against the funds themselves, not against any named individual".

"The settlement is a civil matter and does not represent a finding of guilt," the statement emphasised.

Furthermore, the ARU revealed that the property included in the settlement was sold to the family in 2016 by Hassan Nawaz, former premier Nawaz Sharif's son.

Earlier this year in March, the Supreme Court of Pakistan accepted an offer of Bahria Town (Pvt) Ltd – owned by Malik Riaz – to settle cases pertaining to its Malir or Karachi Superhighway project in lieu of payment of Rs460 billion.

The deal was struck when the counsel representing the developer agreed to enhance their offer to Rs460bn from the earlier Rs450bn.

“The offer is accepted,” Justice Sheikh Azmat Saeed had declared after a brief hearing about implementation of the court’s judgement of May 4, 2018 in which it was held that grant of land to the Malir Development Authority (MDA) by the Sindh government, its exchange with the land of private land developers (Bahria Town) and anything done under provisions of the Colonisation of Government Land Act 1912 by the provincial government was illegal and of no legal existence.

The acceptance of the offer by the apex court restrained the National Accountability Bureau (NAB) from filing references against the directors and officials of Bahria Town. However, in case of default in payment of the settlement amount during the period agreed to under the deal (which has been reduced to seven years from eight), NAB will be free to file corruption references against the developer, but after prior permission of the court. ..."

https://www.dawn.com/news/1520223/u...es-to-190m-settlement-with-malik-riazs-family


Grow up.



So dawn mixing two completely different and irrelevant stories ......

Chota Nawaz chour sold this property to Malik’s son.... after panama papers... with no source of sale money or purchase money so the account was frozen and all associated accounts from where the money came in was frozen ...... what the FK Supreme Court fine has to do with it.....

Absolutely unbelievable you are still standing by this bastard gang.... shame on you...
 
Malik bought property as a bride to NS family. We should be asking how ns family own all these expensive properties in London. You have to be crazy to assume NS family dont have other properties throughout UK and other nations.
 
This has nothing to do with PML-N.

This is a case in regards to Malir or Karachi Superhighway project which Malik Riaz lost in Pakistan and decided with the Apex Court to settle it by selling one of his properties to pay for it. No one was found guilty.

Not sure why the PTI spin doctors are trying so hard to connect with PML-N.
Really... i mean really ...
 
"... According to ARU's statement, the court proceedings were "against the funds themselves, not against any named individual".

"The settlement is a civil matter and does not represent a finding of guilt," the statement emphasised.

Furthermore, the ARU revealed that the property included in the settlement was sold to the family in 2016 by Hassan Nawaz, former premier Nawaz Sharif's son.

Earlier this year in March, the Supreme Court of Pakistan accepted an offer of Bahria Town (Pvt) Ltd – owned by Malik Riaz – to settle cases pertaining to its Malir or Karachi Superhighway project in lieu of payment of Rs460 billion.

The deal was struck when the counsel representing the developer agreed to enhance their offer to Rs460bn from the earlier Rs450bn.

“The offer is accepted,” Justice Sheikh Azmat Saeed had declared after a brief hearing about implementation of the court’s judgement of May 4, 2018 in which it was held that grant of land to the Malir Development Authority (MDA) by the Sindh government, its exchange with the land of private land developers (Bahria Town) and anything done under provisions of the Colonisation of Government Land Act 1912 by the provincial government was illegal and of no legal existence.

The acceptance of the offer by the apex court restrained the National Accountability Bureau (NAB) from filing references against the directors and officials of Bahria Town. However, in case of default in payment of the settlement amount during the period agreed to under the deal (which has been reduced to seven years from eight), NAB will be free to file corruption references against the developer, but after prior permission of the court. ..."

https://www.dawn.com/news/1520223/u...es-to-190m-settlement-with-malik-riazs-family


Grow up.

The two lines you have quoted have nothing to do with the matter and Dawn on its part is simply reminding you that Malik Riaz was last in the news previously on that particular matter.

The Court has asked Malik Riaz to pay the damages but it has not made any explicit inquiry into his personal wealth nor how he is going to pay for it (He is not a defaulter but seeking settlement). Had this been the case, GoP would have tagged multiple properties (which is the case when people/companies/countries default) and Malik Riaz would be settling cases to the tune of ~USD 4bn because he has a lot of ground to cover.

Furthermore, the money is not being transferred by Malik Riaz, rather will be handed over Pakistan by the British agency.

As reported in the British press:
https://www.telegraph.co.uk/news/20...-hands-50m-london-house-140m-accounts-record/
https://www.theguardian.com/uk-news...hands-over-pounds-190m-to-uk-authorities-nca-
 
this explains why Shahzad Akbar was seen with Malik Riaz in London, He might have gone there to settle on behalf of the govt.
 
'Guardian' is one of the most respectable dailies of the UK. Here is the story. It is up to the individual to decide what to make of it.



Pakistani tycoon agrees to hand over £190m to UK authorities

Nine freezing orders secured against Malik Riaz Hussain in ‘dirty money’ investigation

Rupert Neate Wealth correspondent and Jasper Jolly

Tue 3 Dec 2019 18.50 GMTFirst published on Tue 3 Dec 2019 18.49 GMT


C:\Users\Owner\AppData\Local\Temp\msohtmlclip1\01\clip_image001.jpg


The £50m property at Hyde Park Place, London, Malik Riaz Hussain agreed to hand over as part of the settlement. Photograph: REX/Shutterstock

More than £190m of assets, including a £50m mansion overlooking Hyde Park in London, have been seized from a Pakistani property tycoon after a settlement in a UK police “dirty money” investigation.

On Tuesday, the National Crime Agency said Malik Riaz Hussain had agreed to the multimillion-pound settlement that did “not represent a finding of guilt”.

NCA investigators secured nine freezing orders that covered £140m in funds held in UK bank accounts after allegations that the cash may have been the proceeds of crime. The money and ownership of the central London property will be handed over to the government in Pakistan, where Hussain had been charged with fraud and corruption. The freezing orders were on the cash and assets rather than against any individual.

Hussain is the owner of Bahria Town, Asia’s largest private property developer. He had been the subject of an unexplained wealth order, which froze eight of his UK bank accounts containing £120m the NCA “suspected to have derived from bribery and corruption overseas”.

Included in the £190m settlement is a grade-II listed 10-bedroom mansion that includes a cinema, swimming pool, gym, steam room and spa. The seven-floor property on Hyde Park Place was previously listed for rent on property website Zoopla for £86,667 a month.

https://www.theguardian.com/uk-news...hands-over-pounds-190m-to-uk-authorities-nca-
 
Every one profit from hundi business. New govt. also profit from hundi business.
Hundi business stopped only during Musharraf rule, this is why IK was given unaccounted charity in UK and USA, so that he shall help pull down Musharraf govt.
 
1EF719B3-5408-45F2-B1C3-FE5F649159A1.jpeg
Every one profit from hundi business. New govt. also profit from hundi business.
Hundi business stopped only during Musharraf rule, this is why IK was given unaccounted charity in UK and USA, so that he shall help pull down Musharraf govt.
Every one profit from hundi business. New govt. also profit from hundi business.
Hundi business stopped only during Musharraf rule, this is why IK was given unaccounted charity in UK and USA, so that he shall help pull down Musharraf govt.



Example of Batman and his Patwari brothers and sisters ....
 
پانامہ لیکس کے کیس سے بچنے کے لئے نواز شریف کے بیٹے نے اپنا ہائیڈ پارک لندن کا فلیٹ ملک ریاض کو 10 ارب روپے کا بیچ دیا تھا ۔
حکومت پاکستان نے شریف خاندان کے خلاف کرپشن کیس کے معاملے پہ اس فلیٹ کا معاملہ برطانوی حکومت کے ساتھ اٹھایا تھا ۔
نتیجتاً برطانیہ میں ملک ریاض کے تمام بینک اکاؤنٹ منجمد ہوئے اور شریف خاندان سے خریدا ہوا فلیٹ حکومت برطانیہ نے بند کروا دیا ۔
اب ملک ریاض سے حکومت برطانیہ کی ڈیل کے مطابق لندن کا مذکورہ بالا فلیٹ حکومت پاکستان کے حوالے ہوگا اور ملک ریاض اسکے علاؤہ 180 ارب روپے جرمانہ بھی دیں گے اور وہ رقم بھی پاکستان کے حوالے ہوگی ۔
لیکن اس بڑی خبر کا کسی نیوز چینل پہ کوئ چرچہ نہیں ۔ کیونکہ پاکستانی میڈیا اور عوام بے ایمان سیاستدانوں کے ذہنی غلام ہیں اور عوام اس خبر کو پسند نہیں کریں گے اور نیوز چینلز کا دھندا مندہ ہوگا۔
ہاں لیکن جب بات آتی ہے آرمی چیف کو ذلیل کرنے کی تو عوام اور میڈیا سب مل کر ڈھول بجاتے ہیں۔
 

Pakistan Affairs Latest Posts

Back
Top Bottom