Bahria Town boss agrees £190m NCA settlement

Piers WehnerPrint

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Over £190m of UK assets have been seized from property tycoon Malik Riaz Hussain. Hussain, who owns Asia’s largest private property developer, Bahria Town, has agreed to settle a UK ‘dirty money’ investigation. The assets, including a £50m mansion overlooking Hyde Park, will be handed over to the government in Pakistan, where Hussain is charged with fraud and corruption. The seven-floor, grade-II mansion on Hyde Park Place has 10 bedrooms and includes a cinema, swimming pool and spa. It was previously listed for rent on Zoopla for £86,667 a month. Hussain denies any wrongdoing. The Guardian