Real estate tycoon Malik Riaz has been booked by the National Accountability Bureau (NAB) for illegal allotment of an amenity plot in Karachi’s Clifton area where the Bahria Town built Pakistan’s tallest building, Bahria Icon Tower. It is the first reference in which Malik Riaz, the chairman of the Bahria Town, is nominated in an offshoot of the fake accounts case.
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 Bahria Town constructed its Icon Tower.
Source: Dawn

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