Fake accounts case: Rawalpindi NAB summons Malik Riaz on May 15
RAWALPINDI (92 News) – The Rawalpindi NAB has summoned Malik Riaz in the fake accounts case on May 15.
The NAB has also summoned Malik Riaz’s son Ali Malik on May 16.
Both will be investigated in the JV (Joint Venture)-Opal 225 case.
Earlier, the Supreme Court had banned the sale, purchase and transfer of properties, owned by Zardari Group, Bahria Town and Omni Group after a report of the joint investigation team (JIT) revealed that the troika was behind laundering of Rs42 billion.
The JIT report disclosed that at least 29 bank accounts had been identified as fake, which had been used for money-laundering of Rs42 billion. Bahria Town was involved in money-laundering of Rs10.2 billion, while kickbacks of Rs1.36 billion were laundered through accounts of 19 various contractors.
It said Zain Malik, son-in-law of Malik Riaz, and Mushtaq Ahmad, who happened to be former secretary to Asif Zardari, had been maintaining the accounts of Bahria Town. It said that a payment of Rs1.22 billion had been made to Faryal Talpur by JV-OPAL-225, a venture of Zardari and Bahria groups. The building of the company was established on the land, owned by Hakim Ali Zardari, father of Asif Zardari.