According to UK authorities, the assets worth of billions of rupees now will be returned to Pakistan
LAHORE: (Urdu Point/Pakistan Point News-Dec 3rd, 2019) United Kingdom agreed to a settlement worth £190 million with Pakistan’s top property tycoon Malik Riaz, National Crime Agency revealed here on Tuesday.
Through its official twitter account, National crime Agency said: “The NCA has agreed a £190 million settlement with a family that owns large property developments in Pakisan and elsewhere after a frozen funds investigation,”.
In another tweet, the agency also said that it agreed to the settlement offer in region of £ 190 million that also includes a UK property, 1 Hyde Park Place, London W2 2LH, the value of which is approximately £150 million and all of the funds in the frozen accounts.
The agency said that £ 190 million settlement is the result of an investigation by the NCA into Malik Riaz Hussain, a Pakistani national, whose business is one the biggest private sector employees in Pakistan.