Malik Riaz Hussain, a Real estate mogul of Pakistan, agreed to deliver 190 million pounds ($ 244 million) in Britain to resolve a corruption investigation.
A UK-based law enforcement agency, National Crime Agency (NCA) announced that it agreed to a £190 million settlement with a family that owns large property development in Pakistan and elsewhere.
Sharing details of the investigation, the NCA, which is the UK's equivalent of Pakistan's Federal Investigation Agency (FIA), said eight account freezing orders were secured in August 2019 at Westminster Magistrates' Court.
Earlier this year, the efforts of Prime Minister Imran Khan and Special Assistant to PM for Accountability Shahzad Akbar yielded positive results after the government signed a pact with the British government over extradition of accused involved in corruption cases and seizing assets and property in the United Kingdom. All of the account freezing orders relate to money held in United Kingdom bank accounts.
The assets will be returned to the State of Pakistan, the NCA said today.
Hussain quoted this range in a tweet also tweeted the NCA declaration."Some habituals are twisting the NCA report 180 degrees to throw mud at me", he included.
Furthermore, the ARU revealed that the property included in the settlement was sold to the family in 2016 by Hassan Nawaz, former premier Nawaz Sharif's son.
The freezing orders were on the cash and assets rather than against any individual, and the settlement is a civil legal procedure that does not represent a finding of guilt.
It is to be noted that in the settlement of the British firm, the settlement has been said to give apartments worth five million pounds, while Malik Riaz says he has sold the property so that his money will be paid to the Supreme Court.