The National Accountability Bureau (NAB) Rawalpindi on Thursday conducted a public auction of six commercial properties linked to real estate tycoon Malik Riaz/Bahria Town, as part of efforts to recover defaulted funds from a court-approved plea bargain.
According to a statement issued by NAB, the auction resulted in the successful sale of Rubaish Marquee for Rs500 million, with payment and property transfer processes currently underway.
Two other assets — Corporate Office-I and Corporate Office-II — received conditional offers at or above their respective reserve prices. However, their sale is subject to final approval by NAB's competent authority.
Meanwhile, three properties remained unsold due to a lack of qualifying bids. NAB stated that a re-auction for these unsold assets will be announced soon.
The accountability watchdog reaffirmed its commitment to the transparent recovery of public funds and the strict implementation of accountability laws.
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