Islamabad (Staff Report): Former prime minister Nawaz Sharif has challenged Al-Azizia Steel Mills case verdict in the Islamabad High Court (IHC).
Sharif's 61-page appeal against the verdict claims that the accountability court's decision was based on misunderstanding and misinterpretation of the law.
On Dec 24, 2018, the Accountability Court 2 of Islamabad had handed a seven-year rigorous imprisonment to Sharif along with a fine of Rs1.5 billion and $25 million in the Al-Azizia Steel Mills/Hill Metal Establishment reference. It had, however, acquitted him in the Flagship Investment reference.
The judge in his 131-page judgment in Al-Azizia corruption reference concluded that the prosecution (NAB) successfully established all the ingredients of the offence of corruption and corrupt practices against Nawaz Sharif as defined under section 9 (a) (v) of the NAO 1999 read with section 14 (c).
“Thereof as per the charge framed for holding and being true and real beneficial owner of the assets, the Al Azizia Steel Company Limited (ASCL), the Hill Metal Establishment (HME) and related remittances, beyond his known sources of income as he failed to establish contrary thereto.”
The order said Nawaz Sharif and his sons – Hussain and Hassan – are very closely related and members of a tightly knit, monolithic, patriarchal family with close association and jointly held financial business interests. There is nothing on record to suggest that there is any hostility between the three.
It also held that claim of Sharif that he has no beneficial interest or share in ASCL is unsubstantiated, false and fabricated and his son Hussain Nawaz was never the exclusive nor real and beneficial owner.
Meanwhile, the National Accountability Bureau (NAB) has decided to file petition against former Prime Minister Nawaz Sharif’s acquittal in Flagship corruption reference.
The decision was taken in meeting chaired by anti-graft body's chairman Justice (R) Javed Iqbal chaired. The chairman directed NAB's legal team to timely file an appeal against the verdict with solid evidences and full preparation.