The family of real estate tycoon Malik Riaz has issued a statement through their law firm in the UK expressing serious concerns and displeasure about the exposure of the deal between them and the NCA and Pakistani Government.
Malik Riaz’s family has been displeased upon exposing the confidential deal between government of Pakistan and British National Crime Agency (NCA) about the recovery of assets amounting £190 million in a money laundering case. The law firm has stated that the agreement was solely a civil matter and it had no guilt factor involved anywhere.
A statement issued by UK’s law firm Kingsley Napley LLP stated that the agreement between the NCA and members of Malik Riaz’s family was confidential. It said that the agreement was for the NCA to withdraw civil freezing orders unconditionally and the direction of account holders to be paid as debt that was owed by Bahria Town (Private) Limited.
The agreement was made in reference to Hassan Nawaz’s (Nawaz Sharif’s son) acquisition of property in 2007 and its sale to Malik Riaz’s son in 2016 situated at 1-Hyde Park Place as well as payment of civil debt.
According to the statement, the government of Pakistan was required to implement a deed of confidentiality which was promised at the time. The statement has also mentioned that it has been a matter of considerable regret to the family along with NCA as the Pakistan government breached the agreement.
A day earlier, the government of Pakistan formed a committee to determine the involvement of former PM Imran Khan and his wife Bushra Bibi in corruption. The committee will find out if the two had received the alleged Rs50 billion of the laundered money that was returned by the British authorities to the then PTI government.
Interior Minister Rana Sanaullah in a press conference had accused Imran Khan and his wife of accepting Rs5 billion along with hundreds of kanals from Malik Riaz’s Bahria Town in lieu of protection against money laundering case.
