As part of ongoing actions against money laundering and the illegal transfer of assets abroad in Pakistan, the National Accountability Bureau (NAB) Karachi has frozen two foreign bank accounts in Mauritius linked to Bahria Town management.
According to an official statement issued by NAB, these accounts are held in the name of accused individuals Ahmed Ali Riaz and Mubashra Ali Malik at Silver Bank, Mauritius. The action was taken after obtaining formal permission from the Accountability Court Karachi under the Anti-Money Laundering Act 2010.
The statement further said that during the investigation, NAB maintained that M/s Bahria Town Private Limited allegedly used an illegal hawala-hundi network in Pakistan to transfer proceeds of crime abroad.
According to NAB, these funds were first transferred to the United Arab Emirates and later moved to Mauritius, where they were deposited into joint bank accounts.
NAB officials stated that approximately 4.5 million US dollars are currently held in these accounts, which have now been legally frozen. The move is part of efforts to recover alleged illicit assets transferred abroad.
In addition, NAB said that legal proceedings for the seizure and repatriation of these funds are underway through the Ministry of Foreign Affairs and relevant international institutions, and the process has reached its final stages under the Anti-Money Laundering Act 2010.
The statement added that the action is a significant development in the campaign against international financial crimes and NAB will continue efforts to trace and recover illegal assets worldwide through global cooperation.
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