The National Accountability Bureau (NAB) has frozen two foreign bank accounts worth $4.5 million, held at Silver Bank in Mauritius, under the Anti-Money Laundering Act 2010.
As per the media reports, the accounts are allegedly linked to the owners of Bahria Town, a major private housing society operating across several cities in Pakistan.
NAB Karachi obtained formal permission from the Accountability Court in Karachi before taking legal action to freeze the offshore accounts held in Mauritius.
Investigators found that the housing society had allegedly transferred funds out of Pakistan using an illegal hawala and hundi network, bypassing formal banking channels entirely.
The funds were first moved to the United Arab Emirates (UAE) and then transferred onward to Mauritius, where they were held in joint bank accounts, officials confirmed.
The two frozen accounts together hold $4.5 million, equivalent to more than Rs 1.26 billion, and the assets have been legally secured as part of the recovery process.
NAB has initiated formal legal proceedings through the Ministry of Foreign Affairs to facilitate the full seizure and repatriation of the frozen funds from Mauritius.
Officials stated that the repatriation process has now entered its final stages, with legal coordination between the Pakistani government and Mauritius authorities progressing steadily.
