Monday, August 8, 2022
HomeLatest NewsCourt orders attachment of Zain Malik’s property in Karachi

Court orders attachment of Zain Malik’s property in Karachi

Karachi: According to a source, on Tuesday, a Karachi accountability court ordered the attachment of the assets of real estate tycoon Zain Malik, who is said to be abroad and facing a reference over the suspected unlawful amalgamation of commercial property for a multistory home.

Read More: ‘Illegal’ housing society offices linked to Khwaja Asif’s kin demolished

Syed Mustafa Kamal, former Karachi mayor and Pak Sarzameen Party chairman, Zain Malik, son-in-law of real estate tycoon Malik Riaz, former Karachi district coordination officer Fazlur Rehman, former executive district officer Iftikhar Kaimkhani, and others are on trial in the case.

Zain Malik, who has allegedly been missing in action after the federal anti-corruption watchdog filed the reference in June 2019, was not present.

Read More: Gemstone dealers take to streets against illegal mining in Swat

The process of the proclamation of the absconding builder and attachment of his lands, as ordered by the court under Section 87 of the Criminal Procedure Code, has not yet been completed, according to special public prosecutor Zahid Hussain Baladi.

He asked for more time so that the IO could finish the process and file a compliance report before the next deadline. The judge gave the IO until April 10 to complete the process and file a compliance report, granting the appeal.

For more details, visit our website Property News.

 

Most Popular

Islamabad Golf City

Nova City Peshawar

Seven Wonder City Islamabad

Park View City Golf Estate

Recent Comments

Need Help? Chat with us