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Pakistan’s National Accountability Bureau (NAB) has frozen two foreign bank accounts at Silver Bank in Mauritius, holding approximately $4.5 million allegedly linked to Bahria Town. The accounts are registered in the names of Ahmad Ali Riaz and Mubashra Ali Malik. According to Arab News and Brecorder, the action was carried out under Pakistan’s Anti-Money Laundering Act 2010, following formal approval from an Accountability Court in Karachi. NAB established that funds were allegedly moved out of Pakistan through an illegal hawala and hundi network, first routed to the UAE and then transferred to Mauritius.
NAB has initiated formal legal proceedings through Pakistan’s Ministry of Foreign Affairs to recover and repatriate the frozen funds, with officials confirming the process is now in its final stages. This development is part of a broader ongoing investigation into Bahria Town’s land dealings and financial transactions. For residents and investors in Bahria Town Karachi, Lahore, and Islamabad, Bahria Town Listings continues to monitor all official Bahria Town news and updates so you stay fully informed. Visit Bahria Town Listings for the latest property news, listings, and community updates.
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