Pakistan Muslim League-Nawaz (PML-N) President Shehbaz Sharif has been granted bail in the assets beyond means case by the Lahore High Court (LHC) on Wednesday.
The high court has ordered the PML-N chief to submit two surety bonds of Rs5 million each. The PML-N chief is expected to be released from the jail in two or three days after the completion of the court proceedings.
Meanwhile, PML-N Vice President Maryam Nawaz also retweeted a picture of her uncle upon the approval of his bail.
Earlier, the NAB prosecutor told the court that the accused had no source of income other than inherited Ramazan Sugar Mill. Whatever he has earned is from the TTs from abroad, he added.
He said that Shahbaz Sharif was the chief minister of Punjab from 2008 to 2018. In 2018, he had assets worth Rs7.30 billion. In the 2009 property settlement, Ramzan Sugar Mill was given to Shahbaz Sharif while Chaudhry Sugar Mill and others to Nawaz Sharif and Abbas Sharif.
The prosecutor said that the NAB could not get details of assets worth Rs7.32 billion. The source of their annual income of Rs30 million is not known. The income from agricultural production is more than Rs13 million annual.
Counsel for Shahbaz Sharif said he had to give an account of his client’s Rs270 million. He has filed details of tax on agricultural produce and dairy.
Not a single witness testified that the money is owned by Shahbaz Sharif, his counsel argued, and added if a witness say that his client owned the assets, he would withdraw plea for his bail.
The NAB had in reference accused the Shahbaz Sharif family of amassing more than Rs7,000 million assets in the last 30 years and failed to prove how it earned the money.
The NAB alleged accused Shahbaz Sharif in connivance with his co-accused family members, ‘Benamidars’, front men, close associates, employees and money changers developed an organised system of money laundering and accumulated assets disproportionate to his known sources of income to the tune of Rs7,328 million.