NAB Freezes Four More Bahria Town Properties in Karachi

NAB freezes four more Bahria Town properties in Karachi

ISLAMABAD: The National Accountability Bureau (NAB), Karachi, has frozen four more high-value properties of Bahria Town on the instructions of an accountability court. Sources in the NAB said the action was carried out under the Anti-Money Laundering Act, 2010, following investigations that established that these assets were purchased through the laundering of crime proceeds. The bureau has attached the Bahria Icon Tower in Clifton, Karachi, whe…

NAB freezes four Bahria Town-linked properties in money laundering probe - HUM News English

ISLAMABAD: The National Accountability Bureau (NAB) has frozen four high-value properties linked to Bahria Town Private Limited in Karachi following court directives, in a widening anti-money laundering probe targeting alleged proceeds of crime. Officials said the action was taken by the NAB Karachi under the Anti-Money Laundering Act, 2010, in compliance with an order issued by an accountability court. According to sources, investigations have …