The National Accountability Bureau (NAB) on Thursday auctioned six prime commercial properties belonging to Bahria Town, intensifying efforts to recover funds in connection with a 2019 court-approved plea bargain involving Malik Riaz’s family.
The move follows a 2019 plea bargain sanctioned by the Islamabad High Court (IHC).
The auction of properties was conducted at NAB’s Rawalpindi office and its premises in Sector G-6/1, Islamabad.
According to NAB officials, Rubaish Marquee in Islamabad was successfully auctioned for Rs. 508 million, Rs 20 million above its reserved price.
Corporate Office-I in Rawalpindi received conditional offers amounting to Rs. 876 million, while Corporate Office-II attracted bids worth Rs. 881.5 million.
Final approval of both offers is pending from NAB’s Competent Authority.
Three properties remained unsold due to lack of qualifying bids. A re-auction will be announced soon.
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