Malik Riaz Hussain, currently in the UAE, is being investigated for alleged corruption and money laundering by Pakistan
As the media reported that Interpol has issued Red Notices for property tycoon Malik Riaz Hussain and his son at the National Accountability Bureau’s (NAB) request, authorities will bring him back from the UAE to face charges of money laundering worth over Rs700 billion ($2.5 billion).
NAB is investigating Hussain in several cases in which he stands accused of money laundering and using state land for private housing societies. He has consistently denied allegations of corruption and money laundering, saying that he is being pressured due to “political motives” and is facing financial losses as NAB pursues cases against his property development projects across Pakistan. Hussain has never spoken about who has been pressurizing, though.
Currently, he is residing in the UAE and was declared a proclaimed offender in the Al-Qadir Trust corruption case in 2024. The case involves allegations that former PM Khan and his wife, during Khan’s premiership from 2018 to 2022, were gifted land by Hussain as a bribe for illegal favors. “Interpol has issued red notices for Malik Riaz in money laundering and corruption cases on NAB’s request,” NAB Chairman Lt. Gen. (retd.) Nazir Butt told journalists in Islamabad.
“We are also taking up this matter with the government of the UAE, and our team will bring back Malik Riaz and Ali Riaz soon,” Butt said, referring to the property tycoon’s son. He added that Riaz is involved in money laundering worth more than Rs700 billion ($2.5 billion).
