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Property tycoon Malik Riaz asserts he will not yield to any ‘pressure tactics’

For over a year now, I’ve been under immense pressure to compromise, but I’ll never allow anyone to use me as a pawn for political motives,” he said

Property tycoon Malik Riaz asserts he will not yield to any ‘pressure tactics’!

A statement from Malik Riaz Hussain was posted on his official X-account, formerly Twitter on Sunday, alleging that he had been under pressure to compromise.

Amid rumours of Bahria Town’s default last year, Riaz said that such reports were a “lie” and he had been chased by different people.

“All my life, Allah has always guided me to stand by my principle of not taking any political sides or being used by one party against the other. For over a year now, I’ve been under immense pressure to compromise, but I’ll never allow anyone to use me as a pawn for political motives, he said. 

“This has been a recurring pattern of victimization against me and my business for introducing state-of-the-art projects in Pakistan. From 1996 till today, I’ve been punished for contributing towards the progress of the country. With the help of Allah Almighty, I have faced such pressures in the past with absolute grit and strength,” he added. 

Malik Riaz went on to add, “Even today, in a personal capacity, I can say with utmost certainty, “over my dead body.” Despite my ailing condition and distress, Alhumdulillah, I’m standing firm in the face of this adversity, bearing financial business loss daily and being pushed to the wall completely, but will not surrender to any pressure tactics. Allah will guide and help me through this tough phase with dignity. In sha Allah.”

It is pertinent to mention here that Malik Riaz’s name gained attention when the £190 million case involving the incarcerated former prime minister Imran Khan began.

Last year, the Supreme Court directed that Rs65 billion—comprising funds remitted from the UK by Bahria Town and money deposited by Bahria Town into a Supreme Court account domestically—be allocated to the Central and Sindh governments.

The Rs35 billion designated for the federal government was transferred from abroad in 2019 after a British court lifted a freezing order on a bank account held by the Malik Riaz family.

This remittance became known as the ‘£190 million case,’ which is being investigated by the National Accountability Bureau.

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