LAHORE: The National Accountability Bureau (NAB) has announced to auction all the properties of former Prime Minister Nawaz Sharif and his dependents.
Sources said NAB Rawalpindi has prepared a legal process for the auction of properties. NAB Prosecutor Irfan Bhola will submit the application in the Accountability Court, sources added.
Nawaz Sharif owns 467,950 shares in Muhammad Bakskh Textile Mill, 343,425 shares in Hudabiya Paper Mills, 22,213 shares in Hudabiya Engineering Company and 48,606 shares in Ittefaq Textile Mills.
He has eight accounts in various private banks, including three foreign currency accounts. Nawaz also has Rs612,000 in five bank accounts and in his foreign currency accounts, Nawaz has €566, $698 and £498 respectively.
According to a report, Nawaz owns a bungalow in Murree, a 15 acres house in Changla Gali, Abbottabad and property in Upper Mall Lahore.
He and his dependents own more than 1,752 acres of agricultural land which includes 936 acres in Mouza Manakin Lahore, 299 acres in Mouza Baduksani, 103 acres in Mouza Mall Raiwind in Lahore, 312 acres in Mouza Sultan, 14 acres in Sheikhupura district and 88 acres in Mouza Ferozwatan.
According to the Excise and Taxation Office of Lahore and Islamabad, Nawaz also owned three luxury vehicles and two harvesting vehicles.
Nawaz has been in London since November 2019 when the government gave him rare permission to fly abroad to get medical treatment for debilitating health conditions.
In September 2020, Islamabad Accountability Court-II had declared Nawaz a proclaimed offender in the gift repository – Toshakhana – case after the PML-N supreme leader failed to appear before the court despite repeated summonses. The court had also initiated the process to confiscate Nawaz’s properties and directed NAB to make his arrest through Interpol.