Bahria Town and Malik Riaz
Bahria Town emerged as a trustworthy world class Real Estate Company in Pakistan. In 2005, after it launched Phase 9 in Rawalpindi it suffered loss of credibility for some time but now it is a success story which could have continued to enjoy the trust of its huge client-age for years to come. However the following have adversely effected its credibility:-
1. The current Scandal.And Malik Riaz' unfair use of money which certainly could have been spent on the betterment of its Towns.
2. Malik Riaz's manipulation and subversion of all the pillars of State, no matter it worked or not. It is a proven fact that he himself confesses to have attempted to subvert the Judiciary. We also know that he subverted and manipulated media and is in league with PPP Government. We do not know that how much ingress he has in GHQ but we certainly know that he is partner in the DHAI.
3. Malik Riaz did not need to do that as Bahria was a success story anyway. Instead of spending Billions on the Government functionaries he could have compensated the poor land owners from who he acquired land and against whom he is fighting cases and could have also given relief to his clients.
The question is how safe are those who have few plots in different places in Bahria and who have paid installments through their hard earned money, and who are being asked additional development charges? Well I am worried too. I can only have optimistic approach and pray that the dust settles down. It is hard for me to advise my children(Expatriates) to sell their plots at throw away
prices.
I can only hope that the Malik looks towards those who paid their hard earned money to him who "threw" it in the luxurious life style for his family and friends. Foreign tours, luxurious hotels and expensive vacation. He also paid cash and in kind to those who have the power. What do I care that how much CHARITY he gives. The fact is that he made huge profits, which is being thrown away. He could have spend a parentage of this by reducing the ever increasing "Additional Development charges+ possession charges+ Bla Bla charges." It was our money which was ruthlessly used on "who so ever mattered to Malik Sahib".
Let us wait and see.