'NAB recommends seizure of Sharif family's entire assets'

Image
IANS Islamabad
Last Updated : Sep 01 2017 | 4:28 PM IST

The National Accountability Bureau (NAB), Lahore, has forwarded four references, prepared against the Sharif family, to its headquarters in Islamabad proposing seizure of the entire assets of ousted Prime Minister Nawaz Sharif and his children Hussain, Hassan and Maryam Nawaz and freezing of their bank accounts.

The references were sent to Pakistan's anti-corruption body's headquarters after the bureau's regional board gave consent to all the decisions. The meeting was chaired by Director General NAB Lahore Major Shehzad Salim (Retd), the News International reported on Friday.

The bureau's regional office also proposed action against Finance Minister Ishaq Dar besides confiscating all his moveable and immoveable property, the report said. The board also proposed that Dar's name be placed on the Exist Control List (ECL).

NAB Lahore had already recommended that names of all the members of Sharif's family be put on the ECL.

It is expected that NAB Rawalpindi will also give consent for action against the Sharif family soon, sources told the daily and added that after approval from NAB Rawalpindi, references will be filed formally in the accountability court.

On July 28, a five-member bench of the Supreme Court disqualified Sharif from office following a Joint Investigation Team (JIT) probe that exposed illegal family wealth stashed abroad.

The apex court had directed the anti-corruption body to file four reference cases by September 8 against Sharif, his children and Dar. These relate to the Sharif family's four upscale flats in London and 16 offshore companies held by the family.

The reference against Dar was over owning assets beyond his means.

--IANS

soni/dg

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Sep 01 2017 | 4:16 PM IST

Next Story