Islamabad, March 7, 2026 – A district court in the federal capital has sentenced an accused to 10 years in prison in a high-profile money laundering case linked to property developer Malik Riaz and the real estate giant Bahria Town.
The verdict was announced on Saturday by **Additional District and Sessions Judge Nasr Minallah Baloch of the District and Sessions Court Islamabad after completion of the trial.
According to the court’s decision, the convict, retired Colonel Khalil, was sentenced to 10 years of imprisonment and fined Rs25 million. The court also ruled that if the fine is not paid, the convict will have to serve an additional six months in jail.
FIA Investigation into Money Laundering
The case was registered by the Federal Investigation Agency (FIA), which accused the suspect of money laundering through financial transactions connected to Bahria Town projects.
During the proceedings, prosecutors presented documentary evidence and financial records allegedly showing the movement of funds linked to the case. Investigators described the accused as a front man for Malik Riaz, a prominent Pakistani property developer and chairman of Bahria Town.
Court Reviews Evidence Before Verdict
The court reviewed the evidence submitted by the FIA, including transaction details and other documents gathered during the investigation. After hearing arguments from both the prosecution and defense, the judge issued the final verdict.
Legal experts say the decision marks a significant development in cases related to financial irregularities and money laundering investigations in Pakistan. The ruling may also influence ongoing scrutiny of financial transactions in the real estate sector.
Authorities have indicated that further legal proceedings and appeals may follow, depending on the next steps taken by the defense.