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Court approves NAB plea to auction Nawaz Sharif's properties

Dunya News

SECP has been directed to sell the shares of Nawaz Sharif

ISLAMABAD (Dunya News) – Accountability court on Friday has approved plea of National Accountability Bureau (NAB) seeking auction of former prime minister and Pakistan Muslim League-Nawaz (PML-N) supremo Nawaz Sharif’s properties.

According to details, chairman Securities & Exchange Commission of Pakistan (SECP) has been directed to sell the shares of Nawaz Sharif while deputy commissioners of Lahore and Sheikhupura have been ordered to sell the lands of the former premier.

The anti-graft watchdog took the decision as Nawaz Sharif was declared proclaimed offender in the Toshakhana reference.

SECP told that Nawaz Sharif has shares in four companies and eight accounts in private banks including three foreign currency accounts. He has 6 lac and 12 thousand rupees in five accounts and 566 euros, 698 USD and 498 GBP in foreign currency accounts.

According to the NAB report, there are properties in Lahore, Sheikhupura, Murree and Abbottabad in names of Nawaz Sharif and members dependant on him.

The assets include 15-kanal home in Abbottabad, property in Upper Mall, 1,752-kanal agricultural land in Lahore, 936-kanal land in Moza Manik and other properties.