ISLAMABAD: An accountability court on Friday approved a petition filed by the National Accountability Bureau (NAB) to auction off the properties of former prime minister Nawaz Sharif’s properties.

The NAB Rawalpindi requested the court to auction Nawaz Sharif’s properties in the Toshakhana case. Accountability Court-III Judge Syed Asghar Ali approved the request and passed an order.

Proceeds from the sale shall be deposited in the state treasury, the court said. Lahore and Sheikhupura deputy commissioners have been instructed to submit a report within 60 days.

The petition was filed in relation to the Toshakhana reference. The reference by NAB alleged that Nawaz Sharif and former president Asif Ali Zardari had obtained vehicles from Toshakhana by paying only 15 percent of the price of luxury vehicles. NAB alleged that former prime minister Yousuf Raza Gilani had facilitated the allotment of the vehicles to Mr Zardari and Mr Sharif by dishonestly and illegally relaxing the procedure for acceptance and disposal of gifts vide a cabinet division memorandum of 2007.

Nawaz Sharif’s Assets

According to a NAB report, Sharif has shares in four companies: 467,950 shares in Mohammad Bukhsh Textile Mills, 343,425 shares in Hudaibiya Paper Mills Ltd, 22,213 shares in Hudaibiya Engineering Co (Pvt) Ltd and 48,806 shares in Ittefaq Textile Mills Ltd.

He also has eight accounts in private banks, including three foreign currency accounts. NAB said Nawaz had over Rs600,000 in five accounts and 566 euros, $698, and GBP498 in foreign currency accounts.

Nawaz also has nine properties to his name in Lahore, Sheikhupura, Murree and Abbottabad. These include 135 Upper Mall Lahore; 936 kanals, 10 marla and 85 feet of agricultural land in Mauza Manak Lahore; a 12-acre guava orchid; 299 kanals and 12 marla of agricultural land in Mauza Baokisani; 103 kanals and 6 marla of agricultural land in Mauza Mall, Raiwind; 312 kanals and 14 marla of agricultural land in Mauza Sultankay, Lahore; 14 kanals and 5 marla of agricultural land in Mauza Manddiali, Ferozabad; 65 kanals and 4 marla of agricultural land in Mauza Ferozwattan, Sheikhpura; Bungalow 24-A & B and B-3, Hall Road, Murree; and a house measuring 15 kanals and 15 marla in Changla Gali, Abbottabad.

The former PM also has a Toyota Land Cruiser model 2010 (LEB 10-1957), a Mercedes model 1973 (LHD-280), a Mercedes Benz model 1991 (IDH-78), a tractor model 2011 (LES 11-778) and a tractor model 2015 (LES-15-6024).


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