NAB books property tycoon Malik Riaz in Rs100bn mega land scam. Click on the link to see full news on BAADBAN TV

The National Accountability Bureau (NAB) has filed a reference against real estate magnate Malik Riaz and many others for illegal allotment of an amenity plot in Karachi’s posh Clifton area where his company, Bahria Town, has built Pakistan’s tallest building, Bahria Icon Tower.

According to reports, the reference filed on Wednesday is an offshoot of the ongoing fake accounts case involving former president and Pakistan People’s Party (PPP) Co-Chairman Asif Ali Zardari and his sister Faryal Talpur.

It merits a mention here it is a first reference wherein Malik Riaz has been nominated. NAB also nominated his son-in-law Zain Malik as one of the suspects. Other suspects are former PPP Senator Yousaf Baloch, former adviser to Sindh chief minister Dr Dinshaw Anklesaria, former Sindh chief secretary Abdul Subhan Memon, former director general-parks Liaquat Qaimkhani [who is already in NAB custody in Bagh Ibne Qasim scam] and others.

The reference that NAB filed before the registrar of the accountability court stated that the accused persons caused a loss of over Rs100 billion to the national exchequer through illegal allotment of an amenity plot related to Bagh Ibne Qasim, where the real estate giant constructed its Icon Tower.