Pakistani Property Tycoon Malik Riaz Faces Arrest Warrant in Al-Qadir Trust Case

In a gripping turn of events, Pakistani property magnate Malik Riaz finds himself entangled in a web of legal complications following the recent arrest of Imran Khan. The latest chapter in this unfolding saga reveals that an accountability court has issued non-bailable arrest warrants for Malik Riaz, his son Ali Ahmed Riaz, close associate Farhat Shahzadi, former first lady’s confidante, and key figures from Imran Khan’s inner circle, Mirza Shahzad Akbar, and Zulfi Bukhari, the former aide.

The heart of the corruption allegations revolves around the Al-Qadir Trust case, suggesting that Imran Khan and his wife amassed significant wealth and vast land holdings from Bahria Town Ltd, totaling billions in worth. The allegations claim the sum of Rs50 billion was legalized through dubious means.

Accused of the illicit transfer of funds, Imran Khan faces a barrage of accusations from the anti-graft watchdog. The authorities allege that the accused consistently withheld vital information, utilizing various pretexts to evade disclosure.

During the recent court hearing on Monday, the Islamabad Accountability Judge issued a written order, highlighting that the former PTI chief was already in judicial custody and had been presented in court in a cipher case. The court has instructed jail authorities to present the former Prime Minister at the next hearing scheduled for December 6 (Wednesday).

This legal drama reached a pinnacle earlier this month when a civil court declared Mirza Shahzad Akbar a proclaimed offender in an embezzlement case. Fraud charges and other offenses were filed against the former PM’s aide, adding another layer of complexity to an already intricate narrative.

As the legal proceedings unfold, the nation watches with bated breath, witnessing the intersection of politics, power, and the pursuit of justice.

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Rida Shahid
Rida Shahidhttps://hamariweb.com/
Rida Shahid is a content writer with expertise in publishing news articles with strong academic background in Political Science. She is imaginative, diligent, and well-versed in research techniques. Her essay displays her analytical style quite well. She is currently employed as English content writer at hamariweb.com.

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