FIA, NAB Raid Bahria Town Offices

Law enforcement agencies on Monday intensified their crackdown on financial crimes, as the Federal Investigation Agency (FIA) and the National Accountability Bureau (NAB) jointly raided Bahria Town offices in Islamabad, seizing key records as part of an ongoing investigation into money laundering and illegal financial networks. According to FIA officials, the raids led to the recovery of sensitive documents and the arrest of several Bahria Town staff members. Initial findings allegedly point to a vast hawala-hundi and money laundering network tied to property tycoon Malik Riaz and his son, Ali Riaz. The FIA disclosed that three major cases of money laundering have been identified against Bahria Town: laundering of Rs. 1.58 trillion between 2016 and January 2025, Rs. 1 billion between 2015 and March 2025, and Rs. 24 billion between 2005 and 2015. Officials said evidence collected during the raids corroborates earlier Bahria Town cases already under NAB scrutiny, prompting the bureau to reopen all pending files related to the housing developer. Investigators further revealed details of benami (front) properties allegedly linked to Bahria Town, with an estimated value running into hundreds of billions of rupees. Both FIA and NAB have stepped up their investigations and are expected to begin daily legal proceedings from next week. Officials vowed that all illegal activities tied to the cases will be pursued to their “logical conclusion.”