Malik Riaz, the chairman of Bahria Town Residencies in Lahore, said on Thursday that the National Crime Agency (NCA) has not found him guilty of any financial crime.

The Bahria Town chairman made this statement while speaking to media at the inauguration of a Bahria Town office in Peshawar. Riaz said that his children, were overseas Pakistani’s and British nationals. He continued to say that only a settlement had been conducted on a civil matter.

The property tycoon said, “The NCA says we didn’t commit any crime. The money should be brought back to Pakistan and others like me should also bring their wealth into the country”.

Riaz also also spoke on Bahria Town’s settlement with the Supreme Court. According to this settlement, the company is supposed to pay Rs460 billion for land that it occupies in the Malir District. In regards to this, Riaz said “We have an understanding with the Supreme Court. We will pay back the money even if I have to sell my house”.

He further added, “As per the settlement with the court, this money will be given to Pakistan”.

Regarding the NCA, Riaz was speaking in reference to a £190 settlement between him and the agency. This settlement includes a property worth £50 million and originated due to an investigation by a UK agency into Riaz’s assets.

A statement from the NCA reads, “In August 2019 eight account freezing orders were secured at Westminster Magistrates’ Court in connection with funds totalling around £120 million. These followed an earlier freezing order in December 2018 linked to the same investigation for £20 million. All of the account freezing orders relate to money held in UK bank accounts”.

The UK crime agency had said that all assets would be returned to the state of Pakistan.

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