Saturday, July 11, 2020  | 19 ZUL-QAADAH, 1441
Samaa TV
Facebook Twitter Youtube
HOME > Politics

NAB to seal 13 properties of Shehbaz Sharif

SAMAA | - Posted: Dec 3, 2019 | Last Updated: 7 months ago
Posted: Dec 3, 2019 | Last Updated: 7 months ago
This includes his house in Lahore's Model Town  

The National Accountability Bureau Lahore issued on Tuesday orders to freeze 13 properties of PML-N President Shehbaz Sharif. The opposition leader, who is currently in London, is being investigated for owning more assets than known sources of income and laundering money.  

The properties that will be sealed include his house in Lahore's Model Town along with eight other properties in the locality, two 10 marla houses in Defence, and four in Judicial Colony, according to the notification. It also includes his three properties at Haripur's Whispering Pines Resorts, two plots in Chiniot, and a nine Kanal house in Nishat Lodges in Doonga Gali, which belongs to his wife Nusrat Shahbaz.

The notification says that the action is being taken against Shehbaz and his sons, Hamza and Suleman, under sections 9(a) 10 of National Accountability Ordinance, 1999. The sections deal with punishing government officials who own assets disproportionate to their known sources of income.

NAB Lahore DG Shahzad Saleem wrote in the notification that he finds "reasonable grounds" for believing that the suspects have engaged in corrupt practices which is why their properties should be frozen.

The properties will be sealed for a period of 15 days after which an accountability judge will confirm the freezing of assets.

On November 25, the bureau ordered the freezing of the Sharif family’s shares in different industries.

The Sharifs have shares in Chiniot Energy, Ramzan Energy, Sharif Dairy, Crystal Plastic, Al-Arabiya and Sharif Milk Products, according to NAB Lahore. They also own stocks in Sharif Feed Mills, Ramzan Sugar Mills and Sharif Poultry. The anti-graft body said that Shehbaz Sharif, Hamza Shehbaz, Salman Shehbaz, and Nusrat Shehbaz won’t have the right to receive any profit from their businesses.

However, it said their factories would keep functioning.

Follow SAMAA English on FacebookTwitter, and Instagram
FaceBook WhatsApp

Tell us what you think:

Your email address will not be published.

FaceBook WhatsApp

Shehbaz Sharif, NAB, Lahore, properties, Model Town, Johar Town, Defence, Haripur
About Us   |   Anchor Profiles   |   Online Advertising   |   Contact Us   |   Feedback   |   Apps   |   FAQs   |   Authors   |   Comment Policy
Facebook   |   Twitter   |   Instagram   |   YouTube   |   WhatsApp