Who is Musawar Abbasi? Top bidder of Malik Riaz’s seized property

An unusual development took place today at the NAB (National Accountability Bureau) office in Islamabad, where a high-profile auction of seized property belonging to Malik Riaz was held.

Advocate Musawar Abbasi placed the highest bid and successfully won the auction.

According to NAB sources, the auction process was fully transparent and followed all legal procedures. Many investors and business figures from across Pakistan participated, but Advocate Abbasi outbid everyone to secure the property.

This property was part of Malik Riaz’s seized assets, which were confiscated in connection with various corruption cases. NAB’s policy requires such assets to be sold through public auctions to benefit the national treasury.

Officials said Advocate Abbasi’s bid not only showed his serious interest but also highlighted how investors now trust the transparency of government institutions.

Now, the focus is on how the property will be used — whether it becomes part of a development project, commercial hub, or residential scheme. Experts believe that if used wisely, the property could help improve the local economy and city infrastructure.

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