Court Declares Malik Riaz and His Son as Proclaimed Offenders
An Islamabad sessions court has declared prominent real estate developer Malik Riaz Hussain and his son Ali Riaz proclaimed offenders in two money laundering cases. The decision came after both failed to appear before the court despite multiple summons.
The case was heard by Additional District and Sessions Judge Nasr Minallah Baloch, who noted that repeated notices had been issued to the accused. The judge stated that the court was left with no choice but to take strict action due to their persistent non-compliance.
Court Orders Blocking of ID Cards and Mobile SIMs
Following the decision, the court ordered Pakistan’s National Database and Registration Authority (NADRA) and other relevant agencies to block the national identity cards and mobile SIMs of both Malik Riaz and his son.
The judge also directed the police to publish public notices declaring the two as absconders. Law enforcement agencies were instructed to submit a complete record of their assets to the court. These measures are part of efforts to ensure accountability and to trace potential money laundering trails linked to their real estate operations.
Ongoing Investigations by NAB and FIA
The court further sought progress reports from both the National Accountability Bureau (NAB) and the Federal Investigation Agency (FIA), the two main anti-corruption and financial crime watchdogs in Pakistan.
Similar cross-border crackdowns have been seen elsewhere, such as in India, where authorities recently conducted raids linked to industrialist Anil Ambani — read full report here. Both agencies have been probing allegations of money laundering and illegal financial transfers involving Bahria Town — the real estate empire founded by Malik Riaz.
The case has been adjourned until the next hearing, where updates from NAB and FIA will be reviewed.
Background on Malik Riaz
Malik Riaz is one of Pakistan’s most influential businessmen, known for developing Bahria Town, a series of large-scale housing and commercial projects across major cities including Karachi, Lahore, and Islamabad. His wealth and political connections have often made him a controversial figure.
In recent years, Bahria Town and its executives have faced several legal challenges, including corruption and land acquisition disputes. In 2019, the company agreed to pay 460 billion Pakistani rupees (around US$3 billion) in a settlement with the Supreme Court over illegal land allotments in Karachi.
Broader Context
Pakistan has intensified its efforts to tackle money laundering and financial crime, particularly under pressure from the Financial Action Task Force (FATF), which previously placed the country on its grey list. The move against Malik Riaz reflects a growing push by courts and agencies to pursue high-profile figures accused of financial misconduct.
The next court session is expected to determine the future course of the investigation and any possible steps toward asset confiscation or extradition proceedings, should the accused continue to evade justice.
