ISLAMABAD (The COW News Digital) In a major development, ten employees of Bahria Town, including two retired military officers, have been arrested in connection with a massive money laundering case involving trillions of rupees. The Federal Investigation Agency (FIA) has formed a special investigation team to probe the allegations.
According to official sources, the investigation is being led by the Director of the FIA Islamabad Zone. The Anti-Money Laundering (AML) wing is spearheading the inquiry into complex financial crimes involving insider trading, illegal fund transfers, and links to 27 major companies and stock exchange brokers.
Among those arrested are Colonel (Retd.) Khalil Ahmed and Brigadier (Retd.) Zafar, both of whom are alleged to have played key roles in facilitating financial irregularities through high-level connections and misuse of authority. Their arrest has raised eyebrows across both civil and military circles.
Sources revealed that the FIA’s AML team has confiscated critical financial records and documents from Bahria Town’s head office. The evidence reportedly indicates large-scale illicit financial flows, fake accounts, and suspicious transactions routed through various entities to mask the origin of the funds.
Three separate cases have been registered against the accused, and the First Information Reports (FIRs) have been sealed for security and confidentiality purposes. Authorities have hinted at the possibility of more high-profile arrests in the coming days as the investigation deepens.
The scope of the case is said to span across real estate fraud, manipulation of land valuations, tax evasion, and unauthorized foreign transfers. Investigators are also examining links between Bahria Town executives and financial intermediaries involved in stock trading and property speculation.
The FIA’s decision to take firm action is being viewed as a test of the government’s resolve to crack down on financial crimes, even when high-ranking individuals are involved. Legal experts suggest that the case could set a major precedent in Pakistan’s ongoing battle against white-collar crime.
The arrested individuals are currently under FIA custody, and their remand hearings are expected to begin later this week. Bahria Town management has yet to issue an official statement regarding the arrests.
This high-profile probe could have serious implications for Pakistan’s real estate sector, where unregulated capital flows and lack of transparency have long fueled concerns of widespread money laundering.
