Interpol has issued Red Notices for property tycoon Malik Riaz and his son Ali Riaz, marking a significant development in their ongoing legal troubles. The notices come as the National Accountability Bureau (NAB) seeks their extradition from the United Arab Emirates (UAE).
The NAB began the extradition process in January 2025. Malik Riaz is currently residing in the UAE, while Ali Riaz serves as the chief executive of Bahria Town. Both have faced multiple legal cases, including the Al-Qadir Trust case.
Key facts:
- Malik Riaz agreed to forfeit £190 million to Britain’s National Crime Agency (NCA) in 2019.
- The NCA returned these funds to Pakistan, central to a corruption case against ex-premier Imran Khan.
- The NAB chairman acknowledged challenges in bringing Malik and Ali Riaz back to Pakistan.
Malik Riaz is 72 years old, while Ali Riaz is 48. Their real estate ventures have drawn scrutiny over allegations of corruption. The NAB reports indicate substantial amounts of alleged fraud linked to various housing projects.
In the first quarter of 2026, the NAB recovered 2,962 billion rupees related to different corruption cases. This includes:
- 76.12 billion rupees alleged embezzlement in the Bahria Icon Karachi case.
- 152 billion rupees alleged fraud in the Bahria Golf City Islamabad case.
- 335 billion rupees alleged fraud related to the Takht Pari case.
Lt Gen (retd) Nazir Ahmed stated, “Today I am giving you breaking news that Interpol has issued a red notice against Malik Riaz and Ali Riaz.” However, he also noted that Dubai’s relationship with Pakistan could complicate matters further.
The claim regarding the Red Notices could not be independently verified through Interpol. As this situation develops, the focus remains on how Pakistan will navigate these legal challenges.