Corona (COVID-19) Global Stats

NAB decides auction all the properties of former prime minister Nawaz Sharif

The National Accountability Bureau (NAB) on Monday decided to auction all the properties of former prime minister Nawaz Sharif and his dependents.

According to Express, the country’s accountability watchdog would file an application in an accountability court on the matter.

Last year in September, Islamabad Accountability Court-II judge Azam Khan declared Nawaz a proclaimed offender in the gift repository – Toshakhana – case after the PML-N supreme leader failed to appear before the court despite repeated summonses.

The court had also initiated the process to confiscate Nawaz’s properties and directed NAB to make his arrest through Interpol.

According to the SECP, Nawaz Sharif owns 467,950 shares in Muhammad Bakskh Textile Mill, 343,425 shares in Hudabiya Paper Mills, 22,213 shares in Hudabiya Engineering Company and 48,606 shares in Ittefaq Textile Mills.

 

He has eight accounts in various private banks, including three foreign currency accounts. Nawaz also has Rs612,000 in five bank accounts and in his foreign currency accounts, Nawaz has €566, $698 and £498 respectively.

According to the report, Nawaz owns a bungalow in Murree, a 15 kanal house in Changla Gali, Abbottabad and property in Upper Mall Lahore.

He and his dependents own more than 1,752 kanals of agricultural land which includes 936 kanal in Mouza Manak in Lahore, 299 kanal in Mouza Baduksani, 103 kanal in Mouza Mall Raiwind in Lahore, 312 kanal in Mouza Sultan, 14 kanal in Sheikhupura district and 88 kanal in Mouza Ferozwatan.

According to the Excise and Taxation Office of Lahore and Islamabad, Nawaz also owned three luxury vehicles and two harvesting vehicles.

Nawaz has been in London since November 2019 when the government gave him rare permission to fly abroad to get medical treatment for debilitating health conditions.

Leave a Comment

Your email address will not be published.