Islamabad: In a move against international money laundering, the National Accountability Bureau (NAB) Karachi has successfully attached two foreign bank accounts in Mauritius linked to Ahmed Ali Riaz and Mubashira Ali Malik. The action was executed under the Anti-Money Laundering Act (AMLA), 2010, with authorization from the Accountability Court, Karachi.

According to Press Information Department, the Bureau’s investigation revealed that M/s Bahria Town Pvt Ltd used an illicit Hawala/Hundi network within Pakistan to transfer crime proceeds out of the country. The funds were initially sent to the United Arab Emirates and then laundered to Mauritius, ending up in joint bank accounts.

A total of USD 4.5 million is currently held in these accounts, which have been legally frozen as part of an ongoing effort to recover assets. NAB has initiated legal proceedings through the foreign office and is in advanced stages for the forfeiture and repatriation of the funds, in accordance with the Anti-Money Laundering Act-2010. This action underscores NAB’s commitment to pursuing illicit assets across jurisdictions and securing their recovery through international cooperation.