Property tycoon, Malik Riaz suddenly started trending on social media platform X, the former Twitter, after senior journalist Javed Chaudhry shared a new vlog, in which he claimed that the property tycoon is set to open new Pandora’s Box in the coming days against former prime minister Imran Khan.
Chaudhry while revealing the content of the upcoming interview that revolves around three points. First is the Rs460 billion penalty imposed on Bahria Town by the Supreme Court, role of ex-Chief Justice Saqib Nisar and the alleged kickbacks he received in return.
The property tycoon is expected to make new shocking claims about the 2014 protest, that was orchestrated by influential people to oust then-PM Nawaz Sharif.
He will also shed light on his role in stopping Asif Zardari and Nawaz Sharif from sitting together against the PTI chairman.
Who is Malik Riaz?
Born on February 8, 1954, in Sialko, Malik Riaz is a Pakistani businessman who is the founder of Bahria Town, the largest privately held real estate development company in Pakistan.
Riaz started his career as a clerk with a construction company(MES) in Rawalpindi. In the 1980s, Riaz moved to become a contractor, and in 1995 Riaz’s construction company Hussain Global, signed an agreement with Pakistan Navy’s charitable trust known as Bahria Foundation to develop a gated community for Pakistan Navy.
The Navy’s Bahria Foundation served a legal notice to Riaz to stop using the word “Bahria”/Maritime/Navy for his company’s construction projects, but Riaz went on to develop Bahria Town Rawalpindi offering gifts of bungalows, and mansions to politically connected people and army generals.
He expanded his real-estate company and developed gated communities in Karachi, Lahore and Islamabad during the 2000s, developing a combined area of 45,000 square acres.
As of 2016, Bahria had 60,000 employees, making it one of the largest private sector employers in Pakistan.[5] Riaz is a controversial figure and has been subject of several corruption investigations. Bahria Town Karachi is the biggest private project of Asia, which is also owned by Malik Riaz.
