The properties worth billions of rupees include Ittefaq Foundry, Hudaibia Paper Mills, Baksh Textile and Hudaibia Engineering
ISLAMABAD: An accountability court in Islamabad has ordered the auction of properties of former prime minister and PML-N supremo Nawaz Sharif in Toshakhana reference.
Accepting the NAB’s application for auction of the properties on Friday, the accountability court said wherever Nawaz Sharif’s properties are located the concerned provincial government can carry out the auction.
The accountability judge directed the authorities concerned to auction the former premier’s moveable and immoveable properties and deposit the money to be earned through the auction into the national exchequer.
The bureau through its Deputy Prosecutor General Sardar Muzaffar Khan Abbasi filed the application. Abbasi stated that the accountability court had declared Sharif a proclaimed offender in the Toshakhana reference. Despite a lapse of six months, the former premier did not surrender himself before the court, he added.
He recalled that the court had declared Nawaz Sharif a proclaimed offender on August 17 and ordered attaching his property on Oct 1. He pleaded with the court to allow auction of the properties of Sharif in accordance with the law.
The properties worth billions of rupees include Ittefaq Foundry, Hudaibia Paper Mills, Baksh Textile and Hudaibia Engineering. Furthermore, the assets of Sharif in Upper Mall Road area, the fish farm built on 110 acres of land, 20 acres of land in Lahore, a bungalow located in Murree, Shangla’s house, five luxurious cars registered against the name of the former prime minister will be auctioned.
The amount of three foreign and five Pakistani bank accounts will also be moved to the national kitty after the court’s approval.
