Value of Sharif family's property estimated at 32 million, reveals British newspaper
Avenfield is just the kind of property that Russian oligarchs have pounced upon in recent years.
LONDON (Web Desk) – The total value of the properties of ex-prime minister Nawaz Sharif and his family is estimated at £32 million with London s swankiest addresses, revealed Daily Mail.
According to the revelations, Avenfield House is where super-rich Nawaz Sharif, has lived when in London, since 1993. He shares this property with his two sons Hassan and Hussain, his daughter Maryam and son-in-law Captain (r) Safdar.
These apartments were constructed after four luxury flats were knocked together.
£7million: Avenfield House, is located in Park Lane, London
Inside plush Avenfield House in Mayfair, created after four luxury flats were knocked together
It is just the kind of property that Russian oligarchs possesses in recent years.
The report also claimed that Nawaz and his family used dirty money to purchase at least 21 UK properties on top of the Avenfield flats.
£800,000: Drake House, Saint George Wharf, London. Under national accountability laws of Pakistan – first enacted in 1997 when Nawaz Sharif was PM– it is down to the Sharifs to prove their assets were acquired legitimately
“The family has made huge profits from other sites which have not figured in court – such as the swankiest address of all, at One Hyde Park Place, which Nawaz Sharif’s son Hassan sold for £43 million. The properties are registered via a bewildering network of companies, trusts and bank accounts,” the newspaper exposed.
£2.4million: Cadogan Square, London. It is not illegal to own property through an offshore company
For the past few months, the Sharifs are facing a trial related to Avenfield flats and other references in an accountability court. The National Accountability Bureau (NAB) prosecutor has alleged the ex-PM of making the property with dirty money.
£2.1million: Duke Street mansion
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£7million: Eaton Place, London. Untangling the web of the Sharifs’ British real estate portfolio is not easy
The Sharifs have denied any wrongdoing.
The verdict of Avenfield reference is likely to be announced this week. If found guilty, Sharifs’ assets will be seized while they will also face fines and jail sentences.
