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LAHORE: An accountability court (AC) on Friday accepted a petition filed by the National Accountability Bureau (NAB) for the auction of assets owned by PML-N supremo and former prime minister Nawaz Sharif.
Giving out the verdict, the court told Securities and Exchange Commission of Pakistan (SECP) chairman to sell Nawaz’ shares. According to the court, authorities may proceed with any auction that they do not receive an objection against.
The court has ordered Deputy Commissioner Lahore and Sheikhupura to submit a report on the matter within 60 days. “The properties should be auctioned and the money should be deposited in the national treasury,” the court added.
Nawaz Sharif’s vehicles should also be auctioned within 30 days, the court further ordered. The court also ordered the seizure of any funds in Nawaz Sharif’s bank accounts and their deposit in the public exchequer.
However, the accountability court said only those properties on which the Sharif family hasn’t raised objections can be auctioned. Maryam Nawaz has objected to the confiscation of the Murree and Changa Gali residences.
NAB’s decision to auction the PML-N supreme leader’s assets comes after he was declared a proclaimed offender in the Toshakhana reference. The former PM, however, had not surrendered to the court even months after the order of attachment.
