Pakistani real estate tycoon claims raid on company offices, alleges political pressure amid corruption probe

In this file photograph, taken on June 21, 2012, Pakistani real estate tycoon Malik Riaz gestures as he leaves the Supreme Court on his contempt of court case in Islamabad. (AFP/File)
Short Url
Updated 29 May 2024
Follow

Pakistani real estate tycoon claims raid on company offices, alleges political pressure amid corruption probe

  • Malik Riaz was declared a proclaimed offender in the Al Qadir Trust case against ex-PM Khan in January this year
  • He says he will not become ‘an approver’ and retain his ‘long-standing stance of neutrality’ in political matters

ISLAMABAD: A leading Pakistani real estate tycoon said on Tuesday the country’s anti-graft body raided his company offices in Rawalpindi, taking away cash, project files, computers, vehicles and nine employees, as he blamed state institutions for putting him under pressure to advance their “political agenda.”
Malik Riaz, the owner of Bahria Town, which has a presence in several Pakistani urban centers, shared video footage of the alleged raid on his social media account, though its authenticity could not be verified independently.
Riaz, known for his strong connections with influential politicians and officials across the country, is involved in the Al Qadir Trust case against former prime minister Imran Khan, centered around land transactions and the misuse of political authority. The case gained attention after the United Kingdom’s National Crime Agency transferred £190 million to Pakistan, obtained from Riaz after investigating him for acquiring assets with illicit funds.
Khan and his wife, Bushra Bibi, were suspected of taking illicit benefits from Riaz after the money was sent to the Supreme Court accounts as a settlement in financial cases the tycoon faced in Pakistan and he donated a piece of land to the Al Qadir Trust, established by them to set up a university.
The National Accountability Bureau (NAB) is actively investigating the matter against Khan, who has been in prison since last August on multiple charges.
“Malik Riaz will not become an approver,” he wrote in a post on platform X. “Do whatever oppression you want on me.”
“As Chairman of Bahria Town, I assure you, such bullying will not deter me from my stand I have already made public,” he continued. “This arm twisting isn’t hurting me only, it’s crippling the real estate investment in Pakistan. You’re not demolishing my business, your actions are locking up the economic growth of the country. If this is the real agenda behind this witch-hunt, let the people of Pakistan see for what this really is.”

 
He said he believed in Pakistani law was facing all cases on legal forums. Riaz also added he did not want to become part of any “power game” in the country, saying he was reiterating his “long-standing stance of neutrality” and resist pressure tactics to pick a side.
He did not name the Al Qadir Trust case in his social media post, though he was declared a proclaimed offender in it earlier this year in January and has been staying abroad.
So far, there has been no official statement from NAB in response to Riaz’s claims.


India’s Bollywood bets big on ‘event cinema’

Updated 25 January 2026
Follow

India’s Bollywood bets big on ‘event cinema’

  • Films centered on geopolitical conflict, internal enemies, masculinity now dominate mainstream Hindi cinema
  • Critics argue Bollywood is using cinema’s unrivalled mass reach to shape the public sentiment in India 

MUMBAI: India’s Bollywood is moving decisively toward a cinema of scale and confrontation — where patriotism, spectacle, and ideological clarity increasingly trump nuance and narrative risk, industry insiders say.

The shift has fueled what experts describe as “event cinema,” as studios rely on big-budget spectacles and top-tier stars to lure audiences — especially smartphone-loving Gen Z viewers — back into theaters.

That strategy appears to be working. Akshaye Rathi, a prominent film exhibitor, predicted a 45-50 percent rise in net Hindi box-office collections and a 25 percent increase in young theater-goers this year.

“The year looks poised for historic numbers,” Rathi told AFP.

The industry’s financial model was shaken during the Covid-19 pandemic, which coincided with the rapid rise of streaming platforms and a shift to home viewing.

But its 2026 upcoming slate, packed with patriotic war dramas, spy thrillers, mythological epics and nationalist narratives — reflects not just a commercial recalibration, analysts say, but a broader change in creative priorities.

‘PROPAGANDA’

Critics argue Bollywood is increasingly producing polarizing films aligned with the ideology of Prime Minister Narendra Modi’s Hindu-nationalist government, using cinema’s unrivalled mass reach to shape public sentiment.

“These days film themes also depend upon who is ruling at the center — Hindu wave, propaganda... all these are big factors that filmmakers cash in on,” said movie business analyst Atul Mohan, editor of film trade magazine Complete Cinema. “But only one or two films work, not all 10 or 15.”

He cited the success of 2022 blockbuster “The Kashmir Files,” depicting in harrowing detail how several hundred thousand Hindus fled Muslim militants in Indian-administered Kashmir in 1989-90.

And he compared that with the 2025 film “The Bengal Files,” on alleged political violence in eastern India, which he described as a commercial “disaster.”

Films centered on geopolitical conflict, internal enemies, and heroic masculinity now dominate mainstream Hindi cinema, reflecting both the political mood and the economics of theatrical survival.

Last year’s gory action thriller “Dhurandhar,” meaning “formidable,” leaned heavily on hyper-nationalist tropes of Indian agents confronting Pakistan-linked foes, and became one of 2025’s highest-grossing films — following a real-life four-day border clash with Pakistan.

Its sequel, “Dhurandhar 2,” again starring Ranveer Singh, is set for release in March.

‘GRATUITIOUS VIOLENCE’

Veteran Delhi-based film critic Arnab Banerjee said political messaging now outweighs craftsmanship.

“It is not the quality of the film that matters today, it is propaganda films that are working,” said Banerjee.

“The mood of the nation is such that people are lapping up these subjects. Pakistan-bashing and references to enemy countries are being accepted without questioning.”

Banerjee also criticized what he called an excess of “gratuitous violence,” arguing that “it is social media hype that is deciding the film’s fate.”

He pointed to “Ikkis,” a film on the 1971 India-Pakistan war released in January, which struggled commercially despite positive reviews.

“It is a well-made film, but it didn’t work,” he said. “Perhaps because Pakistan is not shown as the enemy.”

Director Ahmed Khan, however, said quality still ultimately determines success, citing his upcoming action-comedy “Welcome to the Jungle,” starring Akshay Kumar.

“Whatever the genre — action, drama, comedy or horror — it depends on how well you’ve made it,” Khan said.

He pointed to the 2025 successes of the contrasting romantic drama “Saiyaara” as well as high-octane “Dhurandhar.”

“Both, poles apart in genre, did great business,” he said. “People’s mood can change any time.”