Bahria Town Case: Malik Riaz Barred From Selling Any Property

(@mahnoorsheikh03)

Bahria Town Case: Malik Riaz barred from selling any property

SC directs the Bahria Town chairman to submit a reply by tomorrow

Islamabad (Pakistan Point News – 26th June, 2018) The hearing of Bahria Town case was held in Supreme Court on Tuesday.

Bahria Town chairman Malik Riaz appeared before the court.

Chief Justice of Pakistan (CJP) Mian Saqib Nisar said in his remarks that Malik Sahab, you are powerful. Nobody can raise their voice against you.

To this, Malik Riaz said that only Allah Almight is powerful. I have submitted Rs 20 billion in the Supreme Court.

CJP Nisar said that I took Rs 2 billion from the weaker ones. He asked Riaz to stop accumulating wealth and return people’s properties. “Bahria Town will not initiate a new project now. I will close all the constructions,” Nisar said.

Riaz said that he can claim on Kalma that he does not need money.

Following this, the Supreme Court asked him to pay Rs 5 billion in the court. The SC orders said that Riaz will not be allowed to sell his personal, wife and children’s property. The court has directed the Bahria Town chairman to submit a reply by tomorrow.

The CJP said that he will hear the review petitions on July 21. Restricting Bahria Town to receive payments, the court adjourned the hearing till July 20.

The Supreme Court on May 4 restrained Bahria Town from selling or allotting land in the Bahria Town Karachi project by terming allotment of land to the company by Sindh Government and by Malir Development Authority (MDA) illegal. A three-member bench headed by Justice Ejaz Afzal Khan also directed the National Accountability Bureau (NAB) to file references against responsible for violations.

The judges said that transactions between the Sindh Government and Bahria Town could be made legal, but the stipulations on these transactions will be established by the SC's special bench. The verdict cleared that the government land would go back to the government and the land of Bahria Town exchanged for the government land would go back to Bahria Town.

In accordance with the orders of the apex court, the NAB launched a formal probe against Bahria Town Karachi, Bahria Town Lahore and Bahria Town Rawalpindi. NAB Chairman Javed Iqbal directed the relevant directors general to complete their investigation within three months, in line with the court's directions.

Mahnoor Sheikh

The writer is News Editor, Pakistan Point. She has graduated in Mass Communication and has worked in various media houses