Pakistan

NAB asked to complete confiscation of Nawaz Sharif’s assets by 29th

Nawaz assets

An accountability court has ordered NAB to complete the procedure of seizing Pakistan Muslim League-Nawaz (PML-N) supreme leader Nawaz Sharif’s assets by the 29th of October.

The accountability court conducted the hearing of Toshakhana reference which was against Pakistan Peoples Party co-chairman and former President Asif Ali Zardari, and two former Prime Ministers of Pakistan Nawaz Sharif and Yousuf Raza Gillani.

Read more: IHC rejects exemption plea of Nawaz Sharif, issues non-bailable arrest warrants

While hearing the references, a report was submitted by the authorities which provided complete facts of seizure of properties, freezing of bank accounts and shares in companies of the PML-N Quaid. According to the investigation officer, the confiscation is under process.

Recently, the National Accountability Bureau (NAB) submitted in the accountability court that Nawaz Sharif possesses Rs 343,425 worth of shares in Hudaibiya Paper Mills, Rs 467,950 worth of shares in Muhammad Baksh Textile Mills, Rs 48,606 value of shares in Ittefaq Textile Mills and also value of Rs 22,213 shares in Hudaibiya Engineering Company.

Among other assets, Nawaz Sharif has eight bank account in commercial banks which also includes three foreign accounts. According to the details Nawaz Sharif have 498 pounds, 698 American dollars and 566 Euros in foreign currency accounts. However, Rs 612,000 in the other private banks.

There are three vehicles under his name including Land Cruiser and two Mercedes. In the report, it is also mentioned that the former prime minister and his dependents had properties in Lahore, Murree, Abbottabad and Sheikhupura.

As per the NAB details he owns a bungalow in the Murree, 15-Kanal house in Changla Gali in Galiyat and has possessions in Lahore. In total, 1,752 Kanal of land is registered in the name of convicted PML-N leader Nawaz Sharif and his dependents.

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