ISLAMABAD, (MANEND NEWS): An accountability court on Friday
accepted a petition filed by the National Accountability Bureau (NAB)
Rawalpindi for the auction of assets owned by Pakistan Muslim
League-Nawaz (PML-N) Quaid and former prime minister Mian
Muhammad Nawaz Sharif.
NAB’s decision to auction the PML-N supreme leader’s assets comes
after he was declared a proclaimed offender in the Toshakhana
After the accountability court’s approval, the concerned provincial
governments will be able to auction Nawaz Sharif’s properties
wherever they are located.
The accountability court judge Syed Asghar Ali has ordered the Deputy
Commissioner Lahore and Sheikhupura to submit a report on the
matter within 60 days.
The properties should be auctioned and the money should be
deposited in the national treasury, the court said.
Nawaz Sharif’s vehicles should also be auctioned within 30 days, the
court further ordered. The vehicles will be seized and sold with the
help of the police, the court said.
The court also ordered the seizure of any funds in Nawaz Sharif’s bank
accounts and their deposit in the public exchequer.
However, the accountability court said only those properties on which
the Sharif family hasn’t raised objections can be auctioned. Maryam
Nawaz Sharif has objected to the confiscation of the Murree and
Changa Gali residences.
Meanwhile, the chairman, Securties and Exchange Commission of
Pakstan has been directed to sell shares owned by Nawaz Sharif in
four companies. Proceeds from the sale should be deposited in the
national treasury, the court said.
According to a NAB report, Sharif has shares in four companies:
467,950 shares in Mohammad Bukhsh Textile Mills, 343,425 shares in
Hudaibiya Paper Mills Ltd, 22,213 shares in Hudaibiya Engineering Co
(Pvt) Ltd and 48,806 shares in Ittefaq Textile Mills Ltd.
He also has eight accounts in private banks, including three foreign
currency accounts. NAB said Nawaz had over Rs600,000 in five
accounts and 566 euros, $698, and GBP498 in foreign currency
Nawaz also has nine properties to his name in Lahore, Sheikhupura,
Murree and Abbottabad. These include 135 Upper Mall Lahore; 936
kanals, 10 marla and 85 feet of agricultural land in Mauza Manak
Lahore; a 12-acre guava orchid; 299 kanals and 12 marla of
agricultural land in Mauza Baokisani; 103 kanals and 6 marla of
agricultural land in Mauza Mall, Raiwind; 312 kanals and 14 marla of
agricultural land in Mauza Sultankay, Lahore; 14 kanals and 5 marla of
agricultural land in Mauza Manddiali, Ferozabad; 65 kanals and 4
marla of agricultural land in Mauza Ferozwattan, Sheikhpura;
Bungalow 24-A & B and B-3, Hall Road, Murree; and a house
measuring 15 kanals and 15 marla in Changla Gali, Abbottabad.
The former PM also has a Toyota Land Cruiser model 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
model 2015 (LES-15-6024).