- NAB decides to auction seized properties of Nawaz Sharif: NAB makes a decision to start legal process to public auction properties of Nawaz Sharif.
- Nawaz wilfully did not give up to the court despite being a proclaimed offender, claims NAB.
- Previous PM has nine properties to his name in Punjab, eight bank accounts, including 3 international currency accounts, shares in four business and also five vehicles, states NAB record.
ISLAMABAD: The National Responsibility Bureau will quickly start the legal process to auction the properties of previous prime minister Nawaz Sharif.
The initial step will be to submit an application with the Islamabad accountability court to market the attached properties of Nawaz.
NAB’s choice comes after Nawaz Sharif was declared a proclaimed culprit in the Toshakhana recommendation.
On January 1 last year, an accountability court had actually bought the add-on of the buildings of Nawaz. The previous PM, nonetheless, did not give up to the court even six months after the order of add-on of buildings.
NAB claimed Nawaz wilfully did not surrender to the court in spite of being a proclaimed culprit and so the attached buildings without any cases are called for to be sold out as per recommended procedure.
What are Nawaz Sharif’s properties?
According to a NAB report, Nawaz has shares in 4 companies: 467,950 shares in Mohammad Bukhsh Fabric Mills, 343,425 shares in Hudabiya Paper Mills Ltd, 22,213 shares in Hudabiya Design Carbon Monoxide (Pvt) Ltd and also 48,806 shares in Ittefaq Fabric Mills Ltd.
He has eight accounts in private banks, consisting of 3 foreign money accounts. NAB stated Nawaz had more than Rs600,000 in 5 accounts and 566 euros, 698 bucks and 498 GBP in the international currency accounts.
Nawaz has nine buildings to his name in Lahore, Sheikhupura, Murree and Abbottabad. This includes 135 Upper Shopping mall Lahore, 936 kanal 10 marla and 85 feet agricultural land in Mauza Manak Lahore, a 12-acre guava orchid, 299 kanals 12 marla farming land in Mauza Baokisani, 103 kanal 6 marla agricultural land in Mauza Mall, Raiwind, 312 kanal 14 marla agricultural land in Mauza Sultankay, Lahore, 14 kanal 5 marla agricultural land in Mauza Manddiali, Ferozabad, 65 kanal 4 marla farming land in Mauza Ferozwattan, Sheikhpura, Cottage 24-A & B and B-3, Hall Road, Murree, as well as a home determining 15 kanal as well as 15 marlas in Changla Gali, Abbottabad.
The previous PM additionally has a Toyota Land Cruiser version 2010 (LEB 10-1957), a Mercedes model 1973 (LHD-280), a Mercedes Benz model 1991 (IDH-78), a tractor model 2011 (LES 11-778) and a tractor version 2015 (LES-15-6024).