Submit News
Dialogue Pakistan
No Result
View All Result
  • Citizen Journalism
  • News
  • Videos
  • Features
  • In Pictures
  • Lifestyle
  • Urdu
  • Citizen Journalism
  • News
  • Videos
  • Features
  • In Pictures
  • Lifestyle
  • Urdu
No Result
View All Result
Dialogue Pakistan
No Result
View All Result

ARU Pakistan facilitates repatriation of Malik Riaz’s 190 mn pounds through settlement

Web Desk by Web Desk
December 4, 2019
in News
0
Pakistan
21
SHARES
144
VIEWS
Share on FacebookShare on Twitter

ISLAMABAD: Assets Recovery Unit (ARU) of Pakistan has facilitated repatriation of Pakistani business tycoon Malik Riaz Hussain’s 190 million GBP (the British pound sterling) through a settlement.

According to a press release issued by the Prime Minister office, the United Kingdom’s National Crime Agency has agreed an out of court settlement in a pending investigation with a Pakistani family that owns large property developments in Pakistan and elsewhere. The NCA also agreed for immediate repatriation of funds to Pakistan.

The settlement is a civil matter and does not represent a finding of guilt. The settlement is the result of an investigation by the NCA into Malik Riaz Hussain, a Pakistani national, whose business is one of the biggest private sector employers in Pakistan.

Also Read: UK to take Rs38 billion from Malik Riaz, give it to Pakistan

In August 2019, eight account freezing orders were secured at Westminster Magistrates’ Court in connection with funds totaling around 120 million pounds. These followed an earlier freezing order in December 2018 linked to the same investigation for 20 million pounds. All of the account freezing orders relate to money held in UK bank accounts. The proceedings were against the funds themselves, not against any named individual.

The settlement also includes a UK property located at 1 Hyde Park Place in central London which was previously owned by the son of the former Prime Minister of Pakistan Nawaz Sharif, namely Hassan Nawaz and was sold to the family in March 2016. As per the agreement between the parties, further details of the settlement are confidential.

Former prime minister Nawaz Sharif’s son, Hassan Nawaz, had sold the Hyde Park Palace to the biggest Pakistani builder for whopping 43 million pounds.

Malik Riaz has claimed that the NCA report was being twisted to throw mud at him. “I sold our legal and declared property in UK to pay 190 million pounds to the Supreme Court of Pakistan against Bahria Town Karachi.”

Tags: 190 mn poundsARU PakistanMalik Riazrepatriationsettlement
Previous Post

Ex-superintendent of women shelter home approaches LHC over sexual abuse allegation

Next Post

I safeguarded Pakistan for 10 years: Pervez Musharraf from hospital

Next Post
I safeguarded Pakistan for 10 years: Pervez Musharraf from hospital

I safeguarded Pakistan for 10 years: Pervez Musharraf from hospital

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

selab

Sindh govt releases Rs463 mn fund for rain emergency

6 months ago
poet

Death anniversary of poet Ahmad Faraz today

5 months ago

Popular News

  • Shahbaz Taseer just made a job offer to the Cafe Cannoli’s manager

    Shahbaz Taseer just made a job offer to the Cafe Cannoli’s manager

    101 shares
    Share 40 Tweet 25
  • Shaniera Akram challenges the Cannoli Cafe owners

    53 shares
    Share 21 Tweet 13
  • Sandal Khattak, Hareem Shah identity revealed

    1444 shares
    Share 606 Tweet 349
  • Hareem Shah slaps Abdul Qavi over “indecent talks”

    27 shares
    Share 11 Tweet 7
  • Eman Suleman and Nabila caught up in a feud

    12 shares
    Share 5 Tweet 3

Dialogue Pakistan

Citizen Journalism is the collection, dissemination and analysis of news by the people for the people especially by the means of internet. Dialogue Pakistan is the country's first citizen journalism portal to provide Pakistanis an opportunity to get themselves heard aiming to encourage citizen journalism inculcated with ethical values.

Category

  • Audio
  • Citizen Journalism
  • Documentaries
  • Feature Videos
  • Features
  • In House Videos
  • IN PICTURES
  • Lifestyle
  • Mobile Footage
  • New Catagory
  • News
  • News Roundup
  • Pakistan Super League
  • Photo Journalism
  • Press Conferences
  • Special Feature
  • Sports
  • Videos

Quick Links

  • About
  • Advertise
  • Careers
  • Contact

Follow us on

Download our APP

download on android app download on apple app
  • About
  • Advertise
  • Careers
  • Contact

Copyright © 2020. Dialogue Pakistan. All Rights Reserved.
Web Development & Social Media Management by Digital Otters

No Result
View All Result
  • Citizen Journalism
  • News
  • Videos
  • Features
  • In Pictures
  • Lifestyle
  • Urdu

Copyright © 2020. Dialogue Pakistan. All Rights Reserved.
Web Development & Social Media Management by Digital Otters