NAB decides to auction former PM Nawaz, his dependants' properties

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Lahore (Staff Report/Agencies): The National Accountability Bureau (NAB) has decided to auction all the properties of former prime minister Nawaz Sharif and his dependents.

According to the NAB’s spokesperson, the bureau will file an application before an accountability court on the matter. He said the anti-graft body took the decision as Nawaz Sharif was declared proclaimed offender in the Toshakhana reference.

Last year, Islamabad Accountability Court-II judge Azam Khan declared Nawaz a proclaimed offender in the gift repository – Toshakhana – case after the PML-N supreme leader failed to appear before the court despite repeated summonses.

The court had also initiated the process to confiscate Nawaz’s properties and directed NAB to make his arrest through Interpol.

According to the SECP, Nawaz Sharif owns 467,950 shares in Muhammad Bakskh Textile Mill, 343,425 shares in Hudabiya Paper Mills, 22,213 shares in Hudabiya Engineering Company and 48,606 shares in Ittefaq Textile Mills.

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.