Re: The King maker - Malik Riaz
Aur jub hum kuch kehte thy…
http://www.paklinks.com/gs/pakistan-affairs/598054-worlds-tallest-bldg-malik-riaz-and-abu-dhabi-groups-investment-worth-45-billion.html#post9439472
tu bura lagta tha..
Re: The King maker - Malik Riaz
Re: The King maker - Malik Riaz
And Malik Riaz says
Perhaps he was pointing to Ch Nisar
But no one in the world advertise a simple MoU like this ,What M R did .
And
http://sphotos-c.ak.fbcdn.net/hphotos-ak-ash4/s480x480/3516_384675731630985_1255785721_n.jpg
Re: The King maker - Malik Riaz
^ interesting contest going on between PMLN and Malik Riaz these days. It seems Malik's gift to Zardari has upset the Sharif's, hence they have started using LDA against him. It's an irony that for five long years, LDA was quiet now suddenly they had woken up to the fact that he is illegally making his societies. Anyways an advertisement has been published by Malik Riaz against LDA, which I'll post later as am on my phone now.
Re: The King maker - Malik Riaz
Re: The King maker - Malik Riaz
http://www.saach.tv/wp-content/uploads/2013/02/today-comment6-580x783.jpg
Re: The King maker - Malik Riaz
Amir Mateen’s (a journalist) article, mentioned in the previous post.
http://thespokesman.pk/index.php/component/k2/item/1299-$45bn-fiasco-exposes-malik-riaz
**Is this funny, sad or simply stupid. The clarification by Abu Dhabi Group about their alleged $45 billion investment in Pakistan may have exposed lots of things — and lots of people. One Malik Riaz of Bahria Town for sure.
**
He virtually conned the Abu Dhabi Group, Pakistani media and the public. We already knew about his hold on the Pakistani media. And it is not just about that one incident where he was caught red-handed with two TV anchors engineering news. The Bahria advertisements worth billions of rupees have simply blinded media owners who ensure that nothing is published against Bahria Town. News against Malik Riaz comes out only when he is summoned in the courts for the cases of murder, fraud, forgery, assassination attempts, blackmailing, to name some of the ‘virtues’ that he is regularly accused of.
But a more classic example of Pakistani media’s incompetence-actually capitulation-could not be given. Here is why.
**The announcement of a whopping $45 billion investment in Pakistan was a dream-come-true story. This too at a time when nobody wants to invest a penny in Pakistan, and half of my foreign friends want to send their mothers-in-law for ‘sight-seeing’ in FATA.
**
**It was simply mind-blowing. The UAE sacrificed its pride for having the world’s tallest building, Burj Khalifa. And because Malik charmed them so well, they let Karachi have the honour. Apart from building the world’s tallest building in Karachi, the other attractions included a financial hub, sports city, international city, media city, educational and medical City, miniatures of the world’s seven wonders. It was amply flashed that “these projects would employ more than 2.5 million people and boost more than 55 industries like cement, bricks, iron, steel and glass.”
**
**Malik Riaz came across as the Messiah who had bailed out Pakistan from its financial mess. Abu Dhabi Group Chairman Sheikh Nahyan bin Mubarak al Nahyan was quoted as describing Malik as a “visionary,” adding that this guaranteed that “we will Inshallah be welcoming first residents in next 3-4 years.” As if he was not a ruler but a real estate agent.
**
Media outlets competed with each other in flashing the news amidst incessant advertisements from Bahria Town. Newspapers were also found outdoing each other. Most newspapers, English and vernacular, presented what was basically a press statement by Bahria Town as “independent news.” Nobody checked whether the Abu Dhabi Group, the UAE government or even the international wire services issued any news about an investment that was worth, no less, than $ 45 billion. Not a single journalist bothered to even check if there was any news of this sort on any website of the UAE companies or whether Sheikh Nahayan had actually said those words. The half-page advertisement on newspapers’ front pages, showing Malik shaking hands with the Sheikh seem to have blinded everything. Or perhaps they were told not to test their editorial discretion.
The so-called most credible English newspaper went a step ahead by giving a joint dateline of Karachi and Islamabad instead of Dubai. It added colour to the story by quoting a Karachi magnate, of course on the condition of anonymity, that the construction site would be “Kutta Island,” which is 3 to 4-km off the coast of Karachi. It went a step further than what Malik Riaz had claimed, informing readers that “the Abu Dhabi Group-Malik Riaz would, apart from the above mentioned projects, also launch into building of 125,000 houses on the island.” (sic)
**The reporters also made sure to confirm it from the source of the press release, Malik’s son Ali Riaz, instead of checking from the Abu Dhabi Group or even their local counterparts here in Warid, Wateen or Bank Alfalah.
**
**Imagine an investment of $ 45 billion takes place in a place as Pakistan and the news is not on CNN, BBC, The Wall Street Journal, The New York Times or even Reuters and AFP. Fellows — where was the common sense.
**
Last time, the UAE committed half the amount for construction on the same Kutta island (known as such because people dump stray dogs there) but the Monarch, Mohammed bin Rashid Al Maktoum himself arrived for such a big announcement. However, not a penny came as the UAE was eyeing for Gwadar Port as compensation.
It is actually funny how the media got duped. And that is exactly how they took it in Dubai. **A friend who works for The Gulf News shared that journalists there could not believe it in their morning meeting. Everybody laughed as the entire Pakistani media was conned so easily. The Gulf News did not carry the story as there had been no announcement from anywhere. Internationalist journalists saw this “stupid news” on the web and just ignored it. **
**My Dubai friend, knowing Bahria’s leverage on Pakistani media, could understand that the news got carried on the first day. “But how about the five days after that,” he asked, confused. “Why nobody followed-up on the story that was supposed to be the biggest investment in the country’s history.”
It turns out that the Abu Dhabi Group and the UAE government was aghast at the development. But since they have lots of investment here they did not want to embarrass Pakistanis. A small news was leaked through Reuters wherein Sheikh Nahayan, while talking to a reporter in a Dubai exhibition, clarified that the investment might materialize in 15 years. He also dispelled the impression about building the tallest building in Karachi, saying that the business plans were “at a very early stage.”
**
No paper except The Spokesman carried the story. Sheikh Nahayan also explained that the MOU was signed in his capacity as the owner of his private company, Dhabi Contracting and not as the chairman of the conglomerate, Abu Dhabi Group. He could not have been more specific when he said that it would materialize in phases, adding, “every phase will be studied by itself… It depends on the situation when we decide to go ahead with the projects."
This was to clarify the wrong impression given here by Bahria Town that it was Abu Dhabi Group and not Dhabi Contracting that signed an MOU that only showed minor interest in business here. Still, nobody took the hint here as advertisements kept coming. **Nobody questioned that how could a private company in Pakistan commit a $45 billion investment without the government being in the loop. Imagine the world’s biggest building and residential quarters for millions being constructed without any representative from the provincial and federal governments. In Sheikh Nahayan’s case, the assumption of the UAE government could be forgiven as he is a minister and Chairman of Abu Dhabi Group. **
**A whole bandwagon of Urdu columnists and TV anchors was found eulogizing Malik Riaz as the savior of the country. After five days, it just became too much for the UAE rulers and they had to issue the clarification that everybody read in newspapers on Friday.
**
Obviously, the Dubai rulers knew they were duped into that photo-up and their reputation was being used for petty benefits. It is easy to understand the benefits. This kind of news changed the scenario for Malik Riaz. He was being hounded by the courts in numerous cases, some of them seriously heinous. He was in conflict with LDA over opening new housing schemes in Lahore without permission. He was also in conflict with the army for land dispute with DHA that affects thousands of former army officers and jawans. All of this may have shaken the public confidence in his housing projects. In monetary terms this could mean a loss of billions of rupees for him. Such news about building the tallest building in Karachi is worth a lot though. Even if it had not materialized, the impression of a partnership with the Dubai rulers would have rewarded him billions of rupees in terms of public confidence. Elementary, isn’t it.
But the question remains: Was our media (of which I am a part by the way) stupid, incompetent or simply capitulated before the owners. A little bit of everything I think. I was dared by a colleague on twitter that we shall see some expose` when I get up on Saturday. I hope so but am not sure about it.
Re: The King maker - Malik Riaz
Shows how big fraud this Malik Riaz is
Re: The King maker - Malik Riaz
An eye opening article. The gist is that Malik Riaz has used the name of DHA (in Islamabad) and grabbed over 62 billion from people, the dubious deals the army has been doing with this man for 10 years has bankrupted AWT and Fauji Foundation. As DHA Islamabad comes under the jurisdiction of GHQ, the army is on the back foot.
The Spokesman Pakistan - Malik saga - thriller all the way-V
Politically Incorrect
Amir Mateen
**The saga of Malik Riaz’s success is not just about a poor man making it big in a rich man’s world. It is more about the manner in which he did that. This tells about the country where bribery and kickbacks and the use of brutal state apparatus against helpless people can make you a tycoon—it just takes a few years. And this also says something about the state of affairs in the Army that promoted him and still retains him as a partner.
**
Malik Riaz got his big break when he lured the Pakistan Navy, called Bahria in Urdu, into starting a real estate venture with him. Since the armed forces were the biggest land developers in the country, before Malik Riaz arrived, the name tag Bahria mattered.
The military remains one of the biggest business groups in the country so any khaki connection gives the perception of stability. Or so was the situation before Army Welfare Trust (AWT) and Fauji Foundation got into some dubious economic setbacks. This has taken away some lustre off these corporate giants in the last 15 years. But back in the 1980s and 1990s, it was great to be associated with anything labeled ‘Askari.’ Malik Riaz got his breakthrough when the Navy got out of the joint venture with him but he retained the name tag Bahria. He has not looked back since then.
**How he built the Bahria empire has all ingredients of a block-buster thriller. Except romance, you will find here every shade of action from the deep mystery about embezzling billions of rupees, the conspiracy at the highest levels to assassination accusations of Generals. Some of the charges are really serious.
**
An application of a land developer, Dr Shafiqur Rehman before the Supreme Court, which also got published in national dailies, should illustrate this. Dr Shafiqur Rehman is involved in litigation over land with Malik Riaz for the last 17 years.
**He accused Malik Riaz of murdering former AWT Managing Director Lt-Gen Imtiaz. Police investigation declared that Imtiaz committed suicide and his family agreed with the conclusion. However, the application alleged that General Imtiaz being the AWT MD procured huge loans for DHA Islamabad at the behest of Malik Riaz. This is the same money that was paid to Bahria in advance for DHA Valley development for which the land acquisition is yet to complete. Remember the Rs 62 billion scam.
**
**He goes on to allege that General Imtiaz as the Adjutant General (AG) Army and then AWT boss extended undue favours to Riaz. The DHA Valley joint venture, signed among the DHA, Bahria Town and Habib Rafiq Limited hugely favoured Malik Riaz as Imtiaz did not watch the DHA interests.
**
**Shafiq alleged that the DHA was in no position to pay back the money. Imtiaz, who knew too much and was part of the whole scheme, was eliminated as a scapegoat.
**
Dr Shafiqur Rehman also accused Malik Riaz of murdering one Mansur Janjua who was an obstacle in a land development scheme in Sihala. He was allegedly killed because he being a friend of somebody very powerful was dangerous.
**The application ends on a sinister note predicting that Islamabad DHA officials, who had benefitted Bahria Town at some stage, will get killed one by one. Author Geoffery Archer could not have written a better plot.
**
The application was not entertained by the Supreme Court but remains part of the official record and the news reporting its contents remains uncontested.
**What’s going on here, one may ask. Clearly lots of money was made in lots of dirty deals, particularly in the last four years of the Musharraf government. The Director Generals of Welfare and Rehabilitation clearly obliged Malik Riaz, obviously not without a share in the pie, and have now left a trail of controversies for the Army to handle. **We are told that the person who made the mega bucks is not even in the country. **These dubious deals have virtually made the Army’s corporate empire bankrupt. And the focal point of the whole scam remains one old MES clerk, dear old Malik Riaz, No wonder he likes to be called Sultana Daku. **
Sadly, the issue is still being pushed under the carpet and no attempt is being made to rectify the situation. It was funny when National Accountability Bureau took up the case under its wing. Malik Riaz got the copyrights of the title Bahria when former Admiral Fasih Bokhari was reasonably senior in Navy. Is there a connection here? A lawyer contesting cases against Malik Riaz in the Supreme Court was quoted as saying that he had submitted evidence of agreements between Malik Riaz and Fasih Bukhari with the court. “The NAB is laundry that they want to clean their mess,” he said.
In any other country, State Institutions keep themselves miles away from somebody who is accused of murder, extortion, land-grabbing, forgery, fraud, to name a few of the ‘charms that he is regularly accused of in hundreds of cases. Not so in his country where Malik Riaz remains the most sought after person.
The DHAs of Karachi and Lahore are supervised by the Corps Commanders but the Islamabad is handled by the GHQ, which means that the responsibility of anything that goes wrong here can be attributed to the Chief of Army Staff. The plight of the hundreds of DHA Valley victims, including the families of the martyrs, has damaged the morale of the institution.
**This lust for super DHAs has also created a wedge between the civilians and the Army. As the one and only, Munnoo Bhai describes his new interpretation of the Two Nation Theory: There are two nations in Pakistan. One that lives in cantonments and the other that doesn’t.
**
Not only that, it has also created a wedge between the Army and the lesser privileged Air Force and the Navy. Will somebody do something about it.
Re: The King maker - Malik Riaz
There were more foolish advertisement on the front page of 'Jang' Pindi today but not available on net
Re: The King maker - Malik Riaz
NAB had filed an application for his acquittal, and the ‘gracious’ Malik Riaz has forgiven all those who were involved in the case.
Court acquits Malik Riaz in land fraud case,3/2/2013 4:19:50 PM
Re: The King maker - Malik Riaz
..
Re: The King maker - Malik Riaz
Malik Riaz is back with a vengeance.
Re: The King maker - Malik Riaz
And he again looted many hundred billions creating a fake hike in plot/form/flat game in 2013 .
No media , No official , No one on net even
Story of thousands white collar , lost every thing .
Re: The King maker - Malik Riaz
Real estate prices need correction. I think they are inflated.
Re: The King maker - Malik Riaz
Real estate prices need correction. I think they are inflated.
It is a complete cheating with all arrangements , Ask any one in real estate business , He is doing after every three-four years continuously .
Re: The King maker - Malik Riaz
..his partner in crime…BBZ…
Bilawal heads for his first brush with the law - Pakistan - DAWN.COM
Re: The King maker - Malik Riaz
**No crime at all
**I am not advocating BBZ , but this was a pre-partition residence of Hakim Ali Zardari , perhaps as a tenant ,later he purchased that and he passed whole life in this house , I have seen this decades ago and building work started soon after death of Hakim Ali Zardari , It is not a project of Bahria Town however relation between AAZ & Malik Riaz are not hidden through dirty broker , Rehman Malik , damaged PPP . BBZ is just a target of the journalist in this case .
Re: The King maker - Malik Riaz
Dirty conspirator land mafia king Malik Riaz opens his dirty mouth against the honest Chaudhry Nisar Ali Khan
ملک ریاض نے چوہدری نثار کی حقیقت بیان کر دی](https://www.facebook.com/video.php?v=10152344636427963)
ملک ریاض نے چوہدری نثار کی حقیقت بیان کر دی۔یہ نواز شریف کا دوست نہیں دشمن ہےیہ خود وزیر اعظم بننا چاہتا ہے. ویڈیو دیکھیں