Malik Riaz Hussain is a malik riazPakistani businessman who is the founder of Bahria Town, the largest privately held real estate development company in Pakistan. Riaz started his career as a clerk with a construction company in Rawalpindi. In the early 1990s, he secured a contract with the Pakistan Navy to develop two housing schemes in the outskirts of Rawalpindi. These schemes were a success, and Riaz used the profits to expand his business.
Bahria Town is now a multi-billion dollar company that has developed over 100 housing schemes across Pakistan. The company has also developed commercial and industrial projects, as well as educational and medical institutions. Riaz is known for his flamboyant lifestyle and his lavish parties. He is also a controversial figure, and has been accused of corruption and land grabbing.
In 2018, Riaz was ranked 11th on the Forbes list of the richest Pakistanis, with a net worth of $2.1 billion. He is the chairman of the Malik Riaz Foundation, a non-profit organization that provides education and healthcare to the poor.
Here are some of the controversies surrounding Malik Riaz:
- In 2012, Riaz was accused of land grabbing in the Bahria Town Rawalpindi project. The Supreme Court of Pakistan ordered an investigation into the allegations, and Riaz was eventually cleared of wrongdoing.
- In 2016, Riaz was accused of corruption in the Bahria Town Karachi project. The National Accountability Bureau (NAB) launched an investigation into the allegations, and Riaz is currently facing trial.
- Riaz has also been accused of links to terrorism. In 2017, the United States placed him on a sanctions list, accusing him of providing financial support to terrorist groups. Riaz has denied the allegations.
Despite the controversies, Malik Riaz remains one of the most powerful and influential businessmen in Pakistan. He is a major player in the real estate industry, and his company has a significant impact on the Pakistani economy.
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