ISLAMABAD: The Ministry of Interior has blocked the passports of four key individuals wanted in the £190 million corruption case, following a request from the National Accountability Bureau (NAB).
Individuals Affected
The four suspects whose passports have been blocked are:
- Malik Riaz – Chairman, Bahria Town
- Ali Riaz – Son of Malik Riaz
- Shehzad Akbar – Former Adviser to the PM on Accountability
- Farah Shehzadi – Close associate of the former First Lady
Extradition Plans Underway
- Malik Riaz and Ali Riaz are currently in the UAE, and NAB has initiated efforts for their extradition.
- NAB officials are in contact with UAE authorities, and sources suggest that Riaz may be deported under international anti-money laundering laws and the Vienna Convention.
- The Federal Investigation Agency (FIA) Interpol Wing has stated that it has not yet received a formal extradition request from NAB. However, NAB has the authority to apply directly to Interpol headquarters.
Background of the Case
The £190 million case involves allegations of money laundering and illegal financial transactions linked to high-profile political figures and business elites. Malik Riaz and his son are accused of financial misconduct and corruption in real estate dealings.
Next Steps
- Interpol involvement is expected once NAB officially submits a request for extradition.
- NAB is actively coordinating with international law enforcement agencies to bring the suspects back to Pakistan.
- Legal proceedings are underway to recover the embezzled funds.
This move marks a significant step in Pakistan’s accountability efforts, targeting powerful individuals involved in financial corruption.