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Pakistan spots 10,000 UK, Dubai properties in corruption probe

Pakistan’s new government, led by Prime Minister Imran Khan, is reportedly cracking down on unlawfully acquired properties of Pakistani nationals overseas

Pakistan's government is led by new prime minister Imran Khan [image: Arabian Business].
Pakistan's government is led by new prime minister Imran Khan [image: Arabian Business].

Pakistan's government, led by new Prime Minister Imran Khan, has reportedly identified 10,000 properties in the UAE and the UK that it is looking to investigate as part of a corruption probe into unlawfully acquired real estate overseas.

According to reports by Pakistan's English-language news outlet The Nation, Mirza Shahzad Akbar, special assistant on accountability to Pakistan's new Prime Minister Imran Khan, say that Pakistan’s government has received details of the properties.

He added that the newly constituted Asset Recovery Unit, made up of officials from Pakistan’s National Accountability Bureau and the Federal Investigation Agency (FIA), would investigate the cases – splitting them into properties owned by politically tied individuals and regular Pakistani citizens.

READ: UAE property market has slowed due to maturity

The number of UAE properties within the 10,000 figure was not disclosed.

Akbar reportedly said a progress report of the recovery unit is now being submitted to the Pakistan Supreme Court on a fortnightly basis.

According to Pakistan’s the Daily Times, Akbar said the move was a “huge success”, adding that notices have been sent specifically to 300 Pakistan nationals who own property in the UAE.

READ: Pakistan's investigator finds 2,750 undisclosed UAE properties

“We will send a list of those 300 people to the Supreme Court,” he said. “We have details of three housing societies in Dubai.”

The news comes a month after reports that Pakistan’s new government is cracking down on 2,750 undisclosed properties of Pakistani nationals found in the UAE.

FIA, according to reports at the time, informed the country’s Supreme Court about these undisclosed properties.

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Construction Week - Issue 751
Oct 13, 2019