FIA, NAB Raid Bahria Town Offices in Islamabad: Here’s Why!

ISLAMABAD: In a major crackdown, law enforcement agencies including the Federal Investigation Agency (FIA) and the National Accountability Bureau (NAB) conducted raids on Bahria Town offices in Islamabad, seizing vital records as part of an extensive investigation into alleged money laundering and illegal financial operations.

According to FIA officials, the raids resulted in the recovery of highly sensitive documents and the arrest of several Bahria Town employees. Preliminary findings reportedly expose a vast hawala-hundi network and money laundering operations allegedly tied to real estate magnate Malik Riaz and his son Ali Riaz.

The FIA disclosed that three major money laundering cases have been identified against Bahria Town:

• From 2016 to January 2025: Rs 1.58 trillion

• From 2015 to March 2025: Rs 1 billion

• Between 2005 and 2015: Rs 24 billion

Officials said the newly obtained evidence aligns with earlier cases already under NAB’s scrutiny. As a result, NAB has reportedly reopened all pending investigations into Bahria Town’s financial dealings.

The FIA also revealed details of benami (front) properties allegedly associated with the housing society, valued in the hundreds of billions of rupees.

Read more: NAB, FIA uncover huge laundering network at Bahria Town

Both agencies have now intensified their investigations and are expected to initiate daily legal proceedings starting next week. Officials affirmed their commitment to ensuring that all unlawful activities are prosecuted to their logical conclusion.

This development marks a significant escalation in Pakistan’s efforts to clamp down on financial crimes within the real estate sector.