The UK’s National Crime Agency and Pakistani authorities have confirmed that millions of pounds of money received as a result of a settlement from Malik Riaz in London have been transferred to the state of Pakistan.
The UK’s National Crime Agency confirmed in an emailed response to the BBC that all the funds had been transferred. The Prime Minister’s Special Assistant for Accountability Barrister Shahzad Akbar told the BBC in an SMS message that the money had been transferred to the State of Pakistan.
Several other questions were raised about the case of Malik Riaz from the UK’s National Crime Agency, but he refused to answer any further questions.However, when asked about the ongoing inquiry against another Pakistani politician, he said that he did not deny or admit about it.
Malik Riaz is one of Pakistan’s richest men and he is the founder of the Bahria Group of Companies.
As a result of the settlement Malik Riaz has made with the NCA, One Hyde Park Place, a residential building just opposite the famous Hyde Park in central London, is included . According to the NCA statement, the building is worth about £ 500m.
The NCA has agreed a £190m settlement with a family that owns large property developments in Pakistan and elsewhere after a frozen funds investigation.
— National Crime Agency (NCA) (@NCA_UK) December 3, 2019