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NAB wants Nawaz’s seized properties auctioned

313ghazi

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ISLAMABAD: The National Accountability Bureau (NAB) filed an application in an accountability court here on Monday, seeking to dispose of the seized properties of former prime minister Nawaz Sharif through open auction.


The application was filed by NAB Deputy Prosecutor General Sardar Muzaffar Khan Abbasi. Referring to the accountability court’s order declaring Mr Sharif a proclaimed offender in the Toshakhana reference, Mr Abbasi stated that despite a lapse of six months, the former premier did not surrender himself before the court.


He recalled that the accountability court had declared Mr Sharif a proclaimed offender on August 17 and ordered attaching his property on Oct 1.


The NAB application pleaded that the court might proceed with the matter to auction the properties of Mr Sharif in accordance with the law.



It may be mentioned that NAB had submitted a report to the accountability court stating that Mr Sharif owned shares in four registered companies, operated eight accounts, including three foreign currency accounts, had one Land Cruiser, two Mercedes cars and two tractors. His dependent also own properties in Lahore, Sheikhupura, Murree and Abbottabad.


Pakistan Muslim League-Nawaz (PML-N) vice president Maryam Nawaz has already challenged the attachment of properties of the Sharif family in Murree and Chhangla Galli with other properties frozen in connection with the Toshakhana reference because of absconding of her father Nawaz Sharif.


Maryam Nawaz filed the petition against the attachment of House No 24-A&B, III, Hall Road, Murree, and a house in Chhangla Galli, Abbottabad, in the Toshakhana case. She stated in the petition that both houses were owned by her late mother Kalsoom Nawaz. She said the two houses had been purchased much before the period mentioned in the reference and after the death of the owner of the houses in question, the ownership devolved upon legal heirs as per the judgement and decree dated May 14, 2019, and the houses were undivided properties in the joint ownership of all legal heirs.


She requested the court that the order dated Oct 1, 2020, was liable to be corrected under Section 88 (6A) of the Criminal Procedure Code and the above-mentioned properties might be released from the attachment.


According to the Toshakhana reference, Nawaz Sharif and former president Asif Ali Zardari had obtained vehicles from Toshakhana by paying only 15 per cent of the price of luxury vehicles. NAB alleged that former prime minister Yousuf Raza Gilani had facilitated the allotment of the vehicles to Mr Zardari and Mr Sharif by dishonestly and illegally relaxing the procedure for acceptance and disposal of gifts vide a cabinet division memorandum of 2007.


The Accountability Court-III of Islamabad had in May last year issued non-bailable warrants for Nawaz Sharif for not attending the court proceedings in the reference and had also initiated the process to declare him a proclaimed offender.

 

Invicta

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ISLAMABAD: The National Accountability Bureau (NAB) filed an application in an accountability court here on Monday, seeking to dispose of the seized properties of former prime minister Nawaz Sharif through open auction.


The application was filed by NAB Deputy Prosecutor General Sardar Muzaffar Khan Abbasi. Referring to the accountability court’s order declaring Mr Sharif a proclaimed offender in the Toshakhana reference, Mr Abbasi stated that despite a lapse of six months, the former premier did not surrender himself before the court.


He recalled that the accountability court had declared Mr Sharif a proclaimed offender on August 17 and ordered attaching his property on Oct 1.


The NAB application pleaded that the court might proceed with the matter to auction the properties of Mr Sharif in accordance with the law.



It may be mentioned that NAB had submitted a report to the accountability court stating that Mr Sharif owned shares in four registered companies, operated eight accounts, including three foreign currency accounts, had one Land Cruiser, two Mercedes cars and two tractors. His dependent also own properties in Lahore, Sheikhupura, Murree and Abbottabad.


Pakistan Muslim League-Nawaz (PML-N) vice president Maryam Nawaz has already challenged the attachment of properties of the Sharif family in Murree and Chhangla Galli with other properties frozen in connection with the Toshakhana reference because of absconding of her father Nawaz Sharif.


Maryam Nawaz filed the petition against the attachment of House No 24-A&B, III, Hall Road, Murree, and a house in Chhangla Galli, Abbottabad, in the Toshakhana case. She stated in the petition that both houses were owned by her late mother Kalsoom Nawaz. She said the two houses had been purchased much before the period mentioned in the reference and after the death of the owner of the houses in question, the ownership devolved upon legal heirs as per the judgement and decree dated May 14, 2019, and the houses were undivided properties in the joint ownership of all legal heirs.


She requested the court that the order dated Oct 1, 2020, was liable to be corrected under Section 88 (6A) of the Criminal Procedure Code and the above-mentioned properties might be released from the attachment.


According to the Toshakhana reference, Nawaz Sharif and former president Asif Ali Zardari had obtained vehicles from Toshakhana by paying only 15 per cent of the price of luxury vehicles. NAB alleged that former prime minister Yousuf Raza Gilani had facilitated the allotment of the vehicles to Mr Zardari and Mr Sharif by dishonestly and illegally relaxing the procedure for acceptance and disposal of gifts vide a cabinet division memorandum of 2007.


The Accountability Court-III of Islamabad had in May last year issued non-bailable warrants for Nawaz Sharif for not attending the court proceedings in the reference and had also initiated the process to declare him a proclaimed offender.

Hope they so the same to his London properties by lobbying the UK government, I cannot afford it but would love to help hike the asking price.
 

Invicta

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nawaz will buy it again via middle man lolzzzz he has billions of $$$
Sir as long as he pays more than the market rate he will loose money. It all depends on how good the auctions are and who is willing to participate. What GOP should do is confiscate these assets for a period of 5 years before selling them hopefully this way property prices gong up will offset if Mr.Sharif buys these back at market rates.
 

newb3e

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Sir as long as he pays more than the market rate he will loose money. It all depends on how good the auctions are and who is willing to participate. What GOP should do is confiscate these assets for a period of 5 years before selling them hopefully this way property prices gong up will offset if Mr.Sharif buys these back at market rates.
this is all bs way to legalize nawazs properties! nawaz will conduct the aution nawaz will be the only bidder and nawaz will buy the property as dirt cheap prices! and pindi wala boys will get a share and everyone will be happy!
 

Imran Khan

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Sir as long as he pays more than the market rate he will loose money. It all depends on how good the auctions are and who is willing to participate. What GOP should do is confiscate these assets for a period of 5 years before selling them hopefully this way property prices gong up will offset if Mr.Sharif buys these back at market rates.
and he earned this money from corruption and they will keep earning in future too.
 

Invicta

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this is all bs way to legalize nawazs properties! nawaz will conduct the aution nawaz will be the only bidder and nawaz will buy the property as dirt cheap prices! and pindi wala boys will get a share and everyone will be happy!
and he earned this money from corruption and they will keep earning in future too.
What else can the current Government do, either way he will pocket it or one of his cronies will pocket it. Otherwise demolish the building and use the land to build hospital or school. Not sure how feasible this is compared to selling it.
 

Imran Khan

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What else can the current Government do, either way he will pocket it or one of his cronies will pocket it. Otherwise demolish the building and use the land to build hospital or school. Not sure how feasible this is compared to selling it.
gov should do the job they are selected for . make the god damn laws . simple make the laws . for example gov should demlosh and make it park so no hope for nazoo chor to live and having memories here .
 

newb3e

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gov should do the job they are selected for . make the god damn laws . simple make the laws . for example gov should demlosh and make it park so no hope for nazoo chor to live and having memories here .
any law that cuts the feathers of pindi minions wont be allowed to pass the floor pindi will never their minions be put in jail because through these evil minion they control the people!
 

Stealth

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NAB is the biggest contributor to saving every single corrupt criminal and convicted in Pakistan. Because of NAB, the most straightforward case of NAwaz Sharif became complicated. NS should be thankful to this CORRUPT organization. They literally did a great job to make NS entire conviction and case vulnerable.
 

Deltadart

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any law that cuts the feathers of pindi minions wont be allowed to pass the floor pindi will never their minions be put in jail because through these evil minion they control the people!
Slight correction. .... Recent events say otherwise, the establishment has very limited influence over it's creations. Nation is suffering greatly because of the collusion of all the forces behind the scenes. It must stop for the good if all.
 

newb3e

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Slight correction. .... Recent events say otherwise, the establishment has very limited influence over it's creations. Nation is suffering greatly because of the collusion of all the forces behind the scenes. It must stop for the good if all.
nawaz was allowed to leave the country by pindi so they still control all the strings!
 

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