Bahria Town foreign accounts worth $4.5m frozen by NAB in money laundering case

A major development has taken place in a money laundering case as bank accounts linked to Bahria Town in Mauritius have been frozen, according to NAB sources.

Officials said that the National Accountability Bureau (NAB) has frozen two foreign bank accounts belonging to accused individuals Ahmed Ali Riaz and Mubashra Ali Malik in a Silver Bank in Mauritius. This action was taken after formal approval from the Accountability Court in Karachi under the Anti-Money Laundering Act 2010.

According to NAB sources, Bahria Town allegedly used an illegal hawala/hundi network to transfer suspected proceeds of crime out of Pakistan. The funds were first moved to the United Arab Emirates and later shifted to Mauritius through money laundering channels. These amounts were then deposited into joint bank accounts abroad.

Officials confirmed that these accounts currently hold around $4.5 million (45 lakh US dollars), which has now been legally frozen as part of ongoing asset recovery proceedings.

NAB has also started formal legal action through the Ministry of Foreign Affairs to pursue the matter internationally.

Sources said that the process of confiscating and bringing back the funds under the Anti-Money Laundering Act 2010 is now in its final stages.

NAB stated that this action reflects its commitment to tracking and recovering illegally obtained assets worldwide. Officials added that international cooperation will continue to ensure the recovery of unlawful wealth and its return to Pakistan.