Bahria Town money laundering case: court awards 10-year jail term, Rs25 mln fine

ISLAMABAD, Mar 07 (APP): The District and Sessions Court of Islamabad on Saturday announced its verdict in a money laundering case linked to Bahria Town.

The court sentenced a key accused, identified as the front man of property tycoon Malik Riaz, to 10 years in prison and imposed a fine of Rs25 million.

The verdict was announced by Additional District and Sessions Judge Nasr Minallah Baloch after completion of the trial. According to the court order, the convict must also pay a fine of Rs25 million.

The court stated that if the fine is not paid, the convict will serve an additional six months in jail.

Retd Col. Khalil was identified during the proceedings as a front man of property developer Malik Riaz. The case was registered by the Federal Investigation Agency (FIA), which had filed charges of money laundering against the accused.

During the investigation, the FIA presented evidence before the court regarding financial transactions linked to the case. After reviewing the record and hearing arguments, the court issued its final judgment.