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  "path": "/latest/nab-freezes-four-bahria-town-linked-properties-in-money-laundering-probe/",
  "publishedAt": "2026-05-08T10:08:23.000Z",
  "site": "https://humenglish.com",
  "tags": [
    "Latest",
    "Pakistan",
    "NAB freezes four Bahria Town-linked properties in money laundering probe",
    "HUM News English"
  ],
  "textContent": "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.\n\nOfficials 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.\n\nAccording to sources, investigations have concluded that the attached properties were acquired through allegedly laundered funds generated from criminal activity.\n\nAmong the major assets frozen is the Bahria Icon Tower located in Karachi’s Clifton area, one of the city’s tallest commercial developments.\n\nInvestigators said preliminary findings suggest that around Rs8 billion in suspected laundered funds were used in its construction. The property, according to officials, was registered under a front company identified as M/s Galaxy Construction Pvt Ltd.\n\nThe NAB also attached the Bahria Town Tower on Tariq Road, Karachi. Officials said the project was allegedly held under the name of Muhammad Awais, described in the investigation as a “benami” frontman linked to Bahria Town founder Malik Riaz Hussain and Bahria Town Private Limited.\n\nThe scope of the operation was later extended beyond Karachi, with authorities freezing 817 kanals of land in Sheikhupura, Punjab, and 2,029 kanals of land in Peshawar, reportedly earmarked for Bahria Town Peshawar.\n\nInvestigators said the land holdings were registered under M/s Lifestyle Development (SMC) Pvt Ltd, which has also been identified as a front company allegedly used for the transfer and concealment of illicit funds.\n\nSources said both companies under scrutiny are being treated as part of a broader network of entities allegedly used to facilitate financial transactions linked to money laundering and asset concealment.\n\nNAB officials said that the latest action reflects ongoing efforts to trace and freeze assets allegedly acquired through unlawful financial flows, particularly through the use of “benami” ownership structures and shell companies.\n\nThe bureau said legal proceedings related to the attached properties are currently under way.\n\nThe post NAB freezes four Bahria Town-linked properties in money laundering probe appeared first on HUM News English.",
  "title": "NAB freezes four Bahria Town-linked properties in money laundering probe"
}