Moeed Pirzada purchases US house worth more than $1 million after fleeing Pakistan

YouTuber Moeed Pirzada jointly purchased a luxurious 1000 yards house worth $1.05 million in Potomac, Maryland, one of the most expensive areas near the capital of the United States (US), less than ten months after fleeing the country on October 30, 2022, The News reported on Thursday.

Citing threats to his life, the YouTuber left Pakistan months after the founder of Pakistan Tehreek-e-Insaf (PTI) Imran Khan’s government was ousted in a no-confidence motion. He first went to the United Kingdom (UK), where he stated he was constantly changing his location to avoid danger.

Addressing his source of income, Pirzada said in a post on X (formerly Twitter) that he sold his old family house in the UK to buy the property in the US.

Publicly available records from UK Companies House and the UK Land Registry suggest that Pirzada’s wife Najma Naheed Pirzada purchased a property there in 2006 and sold it in April 2023.

The News, however, reported that the UK property was never declared in Pakistan, making it a clear case of asset concealment under Pakistan’s tax laws. Furthermore, official documents in Pakistan indicate that his wife has not declared any source of income.

The US property, bought by Pirzada and his wife on August 15, 2023, has increased in value by $131,550, placing its current estimated worth at $1.2 million.

In a post on X, Pirzada claimed that all the funds to buy the property in the US after selling their house in the UK were transferred through legal banking channels to the US.

The News cited the UK Land Registry to report that the England property had remained in the possession of Najma Naheed Pirzada since October 13, 2006. A charge was registered on the property on November 3, 2008.

Despite the couple being registered taxpayers, official records from Pakistan reveal that this UK property was never declared by either Pirzada or his wife.

The YouTuber registered a company called MNP Multimedia LLC in March 2023, before selling the UK property, however, the official record in Maryland suggests that MNP Multimedia LLC was registered on March 3, 2023 — just a few months before the Potomac property was purchased in August.

After one month, the company updated its official address to the newly acquired luxury house in the US. The company has yet to file an annual financial report.

Before leaving Pakistan, the duo operated an organisation called Global Village Space.

Although Pirzada was an active taxpayer in Pakistan, his spouse, despite being registered with the tax authority, neither filed tax returns nor paid any taxes until 2022. Pirzada’s admission of selling the UK property, the UK Land Registry document, and Pakistan’s official records confirm that the property was concealed from Pakistani tax authorities.