ISLAMABAD – August 5, 2025: The Islamabad High Court (IHC) has ruled in favour of the National Accountability Bureau (NAB) in the high-profile case involving Bahria Town owner Malik Riaz.
Here are the key developments:
- Auction Approved: NAB had initiated the auction of six Bahria Town properties in Rawalpindi and Islamabad to recover dues from the £190 million Al Qadir Trust case. Malik Riaz and his son allegedly failed to fulfill a plea bargain agreement.
- Court Challenge: Malik Riaz’s legal team contested the auction, arguing that NAB’s notice was illegal. The IHC had initially stayed the auction process.
- Final Ruling: On August 4, the IHC reserved its verdict and has now upheld NAB’s authority to conduct the auction under Section 33E of the NAB Ordinance.
- Auction Date Set: State media reports confirm the auction is now scheduled for August 7, 2025.
This marks a major step in the long-running legal battle over the Al Qadir Trust case, with more developments expected as the auction proceeds.
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