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| Picture: Online |
Mohammad Bashir, the accountability judge, issued an order freezing the moveable and immovable possessions, bank accounts, and cars of proclaimed offenders Malik Riaz Hussain, a Pakistani real estate magnate, and Ahmed Ali Riaz, his son.
The Accountability Court has frozen Malik Riaz's assets and further ordered revenue authorities across the country to seize the criminals' immovable properties. The concerned Excise and Taxation authorities (ETOs) were directed to guarantee that vehicles were not transferred to the declared offenders or any other person acting on their behalf.
Commercial banks were advised to freeze their accounts and prevent transactions or withdrawals until additional orders were issued.
It was also noted in the court decision that the the accused, Malik Riaz and Ahmed Ali Riaz, have been declared proclaimed criminals by decision dated 06-01-2024, following the completion of all processes / proclamation notices, because they have not appeared before the court.
It was further announced that their vehicles would be "seized by the NAB Authority through Additional Director/Incharge RMDC NAB."
"The Additional Director / Incharge RMDC NAB is hereby appointed as Receiver of the immovable properties attached today, to take possession of the property in accordance with law, to receive rents from rented properties, and to prohibit the payment of rent or delivery of property to proclaimed offenders or any person acting on their behalf. The accountability court's order of January 12, 2024 said that the compliance report must be submitted within seven days.