NAB freezes assets of Shahid Khaqan Abbasi

ISLAMABAD: National Accountability Bureau (NAB) has frozen the assets of the former prime minister Shahid Khaqan Abbasi.

The accountability bureau has frozen the moveable and immovable assets of the PML-N leader while the transfer of his properties and vehicles has also been banned.

The NAB has also stopped the transfer of already sold vehicles of Shahid Khaqan Abbasi. On the other hand, anti-graft watchdog has also frozen the assets of former finance minister Miftah Ismail.

Abbasi was arrested last year by the NAB while en-route to Thokar Niaz Baig in Lahore on 18th July, in a multi-billion-rupee case related to the award of a liquefied natural gas (LNG) import contract.

READ MORE: Ex-PM Shahid Khaqan Abbasi tests positive for COVID-19

On 12th December, NAB Rawalpindi again filed a reference in the Liquefied Natural Gas (LNG) case against the former prime minister and former finance minister Miftah Ismail.

The reference was filed on 3rd December, however, the accountability court has returned the reference after raising some objections.

Additionally, the reference stated that the national exchequer will suffer a loss of Rs47 billion by 2029 because of the contract. The Islamabad High Court (IHC) had granted bail to Abbasi in the LNG reference on 25th February 2020.