NBP receives complete £190m settlement from UK in Malik Riaz case

A total of 190 million pounds from UK’s National Crime Agency (NCA) have been received by National Bank of Pakistan (NBP) on account of a settlement with property tycoon Malik Riaz Hussain’s family. The State Bank of Pakistan confirmed the news but declined to share details. However, the debate about whether the funds belong to state bank or the government is still ongoing.

Read also: Malik Riaz’s UK assets worth £190 mn to be returned to Pakistan

The finance ministry is unaware about the funds, their sources and nature, except that these had been received in the NBP’s branch in Supreme Court of Pakistan, Islamabad.

Source: Dawn