November 29, 2021

Accountability court orders to auction property of Nawaz Sharif

Rich result son google SERP when searching for 'Nawaz Sharif'

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LAHORE: The accountability court on Friday, ordered to auction the property of former Prime Minister Nawaz Sharif after it was advertised as absconder in the Tosha Khana reference.

The accountability court has accepted the application filed by NAB Rawalpindi for auction of Nawaz Sharif’s property.

According to the decision of the accountability court, wherever Nawaz Sharif’s property is, the concerned provincial government can auction it,

It should be noted that in the Tosha Khana reference, NAB Prosecutor Sardar Muzaffar Abbasi had filed a petition in the Accountability Court No. 3 on the issue of auction of Nawaz Sharif’s property.

The text of the NAB’s petition said that the concerned authorities should be directed to auction the confiscated properties. The NAB’s position in the petition was that Nawaz Sharif did not deliberately surrender.

The NAB report said that Nawaz Sharif was declared an absconder by the court in the Toshakhana reference.

The NAB report says, according to the SECP, Nawaz Sharif has shares in four companies, while Muhammad Bakhsh Textile Mills has 467,950 shares.

Nawaz Sharif owns 343,425 shares in Hudabia Paper Mills while Nawaz Sharif owns 22,213 shares in Hudabia Engineering Company.

Besides, Nawaz Sharif owns 48,606 shares in Ittefaq Textile Mills.

The NAB said that Additional Deputy Commissioners of LDA, Lahore, Sheikhupura and Assistant Commissioner of Murree and Galyat Development Authority have reported that Nawaz Sharif and his dependents have properties in Lahore, Sheikhupura, Murree, Abbottabad.

Bungalow in Murree, 15 kanal house in Changla Gali Abbottabad and property on Upper Mall Lahore. More than 1752 kanals of agricultural land in the name of Nawaz Sharif and his dependents.

936 Land in Mouza Manak of Lahore, 299 kanals of agricultural land in Mouza Baduksani, 103 kanals in Mouza Mall Raiwind of Lahore, 312 kanals in Mouza Sultan, 14 kanals in Mouza Mandiali of Sheikhupura, 88 in Mouza Feroz Watan Canal land is available.