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ISLAMABAD: Malik Riaz, one of the wealthiest property tycoons of the country, said on Sunday that he had been “under immense pressure” for over a year but would not allow anyone to use him as a “pawn” for political motives.

The capital was rife with rumours that Riaz, who is the founder of Bahria Town, the largest privately held real estate development company of the country, is under immense pressure from the powers that be to testify against former prime minister Imran Khan in £190 million Al-Qadir Trust case.

However, taking to X, Riaz categorically said that “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”.

Al-Qadir Trust scam: NAB files reference against IK, others

“This has been a recurring pattern of victimisation 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”.

In the same breath, he continued that “with the help of Allah, the Almighty, I have faced such pressures in the past with absolute grit and strength and even today, in a personal capacity, I can say with utmost certainty, ‘over my dead body’.”

He said that despite his ailing condition and distress, he stands firm in the face of this adversity, bearing financial business loss daily and being pushed to the wall completely, but he will not surrender to any pressure tactics.

“Allah will guide and help me through this tough phase with dignity,” he added.

Copyright Business Recorder, 2024

Comments

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NotSurprised May 27, 2024 02:05pm
That this man should claim to be a victim is beyond ridiculous. There is no crime he is not guilty of.
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Az_Iz May 27, 2024 08:25pm
In this country the rich are despised and harassed. And then people wonder, why so many Pakistanis keep their money in Dubai, London and elsewhere.
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Az_Iz May 27, 2024 08:29pm
Baharai towns are really wonderful real estate projects in the country. He needs to be commended for it.
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Az_Iz May 27, 2024 08:31pm
His company is bringing first world real estate development to the country.
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Az_Iz May 27, 2024 08:32pm
Get rid of all the rich people. And the country will be left with only poor people.
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Az_Iz May 28, 2024 12:56am
Instead of despising the rich,wealth creation and accumulation should be appreciated.This guy should be commended for keeping the wealth in the country instead of Dubai and elsewhere.
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Az_Iz May 28, 2024 12:58am
He could have easily parked him money elsewhere and prospered even more. But he chose to invest in the country.
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Arsalan May 28, 2024 05:21am
@Az_Iz , Good idea, let the poor be rich too. mostly our rich invest abroad so let them go thr n pay heavy taxes thr coz here they dont even pay the tax which they r supposed to pay.
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