In this photo released by Pakistan Muslim League, Pakistani deposed Prime Minister Nawaz Sharif, center, arrives at an anti-corruption court in Islamabad, Pakistan, Tuesday, Sept. 26, 2017. Sharif made his first appearance before the court to face corruption charges. Sharif was disqualified on July 28 by the Supreme Court following a probe that determined he had concealed financial assets. (Pakistan Muslim League via AP)

ISLAMABAD: The National Accountability Bureau (NAB) has presented a comprehensive report of movable and immovable assets of convicted former Prime Minister Nawaz Sharif to an accountability court on Friday. 

The NAB investigating officer Raheel Azam submitted the report comprising of details obtained from the Election Commission of Pakistan (ECP), the Federal Board of Revenue (FBR) and the Securities and Exchange Commission of Pakistan (SECP).  

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

The report says: “The reports received from Lahore Development Authority (LDA) Additional Deputy Commissioner Lahore, Additional Deputy Commissioner Sheikhupura, Assistant Commissioner Murree, and Galiyat Development Authority (GDA) revealed that the accused Mian Mohammad Nawaz Sharif owns following immovable properties in his own name and in the name of his dependents.” 

These properties include 135, Upper Mall, Lahore; agriculture land in Mouza Manak, Badokisani, Mall Raiwind, Slutankay Lahore, Mouza Mandiali Ferozwala and Ferozwattan in Sheikhupura district; a bungalow at Hall Road, Murree; and a house at Chhangla Gali in Abbottabad district. 

The report suggests that Sharif has eight accounts in various private banks, including three foreign currency accounts. 

He has Rs612,000 in five banks out of which Rs397,810 sits in a dormant Allied Bank branch, $658 in a dollar currency account, EUR566 in a euro currency account and GBP 498 in a pound currency account.  

NAB has also reported a Toyota Land Cruiser 2010 model, two Mercedes cars of 1973 and 1991 models, and two tractors of models 2011 and 2015 under his name. 

Earlier on September 10, Islamabad Accountability Court-II judge Azam Khan declared Nawaz Sharif an absconder in the Toshakhana reference after PML-N leadership failed to appear before court despite repeated summonses.  

The reference alleged Sharif of obtaining expensive cars from Toshakhana by paying 15 per cent of the price of the cars with facilitation from the then prime minister Gilani in the form of dishonest and illegal relaxations in 2008. 

Consequentially, the court has initiated the process of confiscating Sharif’s property and directed NAB to arrest him through Interpol in London, where he fled in November 2019 under permission for medical treatment.  

Member of staff, the author is a Political Science alumna from Lahore University of Management Sciences (LUMS). She keeps an eye out for issues of social justice, censorship and our changing political discourse.
She can be reached at rabeeaqamar@thecorrespondent.pk

Member of staff, the author is a Political Science alumna from Lahore University of Management Sciences (LUMS). She keeps an eye out for issues of social justice, censorship and our changing political discourse. She can be reached at rabeeaqamar@thecorrespondent.pk

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