PESHAWAR: On Thursday, Property tycoon and Chairman Bahria Town Malik Riaz said that he was innocent of any financial wrongdoing, adding that the British National Crime Agency (NCA) had been conducting an inquiry for the past one year but did not find him guilty.
He said this while speaking to media at the opening ceremony of Bahria Town office in Peshawar.
Mr. Riaz added that only a settlement was conducted on a civil matter. “My children were overseas Pakistanis and British National,” Geo TV reported.
“According to NCA we didn’t commit any crime. The wealth should be brought back to Pakistan and other businessmen like me should also bring back their money to Pakistan,” he said.
While speaking to the media he also shed light on Bahria Town’s settlement with the Supreme Court of Pakistan complying that Bahria Town was supposed to pay Rs460 billion for the land it occupies in the Malir District.
“We will pay back the money even If I have to sell my house because we have an understanding with the Supreme Court of Pakistan,” Malik Riaz said confidently. “As per the settlement with the court, this money will be given to Pakistan,” he said.
Geo TV reported, regarding the NCA, Riaz was referring to an out-of-court £190m settlement between him and the agency. The settlement also included a property worth £50 million. It originated as a result of an investigation into Riaz by the UK agency.
According to a statement from NCA “In August 2019 eight account freezing orders were secured at Westminster Magistrates’ Court in connection with funds totalling around £120 million. These followed an earlier freezing order in December 2018 linked to the same investigation for £20 million. All of the account freezing orders relate to money held in UK bank accounts.”
The UK crime agency had said that all assets would be returned to the state of Pakistan.