Islamabad (Staff Reporter)
The National Accountability Bureau (NAB) has announced the auction of multiple immovable properties owned by Bahria Town as part of ongoing efforts to recover defaulted amounts under plea bargain agreements. The public auction is scheduled to take place on Thursday, June 12, at 11:00 AM, at the NAB Regional Office near Lal Masjid, Islamabad, under Section 33-E of the NAB Ordinance, 1999.
The properties up for auction include:
- Bahria Town Corporate Office 1 – Plot No. 7-E, Park Road, Phase II, Rawalpindi
- Bahria Town Corporate Office 2 – Plot No. 7-D, Park Road, Phase II, Rawalpindi
- Ro-Pesh Market and Lawn – Located near Golf Course, Bahria Garden City, Islamabad
- Arena Cinema – Plot No. 984, Board A, Phase IV, Bahria Town, Rawalpindi
- Safari Club – Plot No. 27, Safari Villas 1, Bahria Town, Rawalpindi
- Bahria Town International Academy (School Building) – Jasmine and Silver Oaks Road, Safari Villas 2, Rawalpindi
A pre-auction briefing session for interested buyers will be held two days before the auction at the NAB Regional Office in Islamabad.
The auction follows a broader crackdown on Bahria Town’s assets. In March 2025, NAB had already sealed several residential and commercial buildings of Bahria Town in Karachi, Lahore, Takht Pari (Rawalpindi), New Murree Golf City, and Islamabad as part of ongoing investigations into fraudulent activities allegedly committed by Bahria Town’s founder and chairman, Malik Riaz Ahmed, and his associates.
According to NAB officials, multiple bank accounts have been frozen and dozens of vehicles seized. They claim that funds were also being funneled into Malik Riaz’s real estate projects in Dubai, prompting action to bring those involved back to Pakistan.
NAB has urged the public to avoid investing in Malik Riaz’s overseas ventures, especially in Dubai, warning that doing so may lead to prosecution under anti-money laundering laws. The bureau has reiterated its commitment to public accountability and assured that it will continue taking strict legal action against individuals involved in fraud and deception.
