LAHORE: An accountability court on Wednesday sent Pakistan Muslim League-Nawaz (PML-N) Vice President Maryam Nawaz and her cousin Yousaf Abbas to jail on judicial remand in Chaudhry Sugar Mills case.
The accountability court also ordered to send the duo on judicial remand. Both Maryam Nawaz and Yousuf Abbas are directed to be presented on 9th October for further proceedings.
During the court proceedings, heard by judge Ameer Muhammad Khan, National Accountability Court (NAB) prosecutors Hafiz Asadullah Awan and Haris Qureshi presented their statements. They said a further investigation of the two was required in the Chaudhry Sugar Mills case.
Also read: Sugar mills case: Maryam Nawaz’s remand extended for 14 days
NAB prosecutors informed the court that Maryam Nawaz was unable to provide the required details of foreign investment in sugar mills, while she was also failed to satisfy the bureau regarding the source of income for purchasing the shares.
The investigation officer revealed that they had found out about an agreement for the division of the family’s assets during the investigation.
Shares valued at Rs14.558 million were divided between former prime minister Nawaz Sharif and his brother Shahbaz Sharif.
According to the Securities and Exchange Commission of Pakistan (SECP) record for 2008, shares valued at Rs26.2 million were belonging to the Chaudhry Sugar Mills, the prosecutor said, adding that the assets were not included in the Sharif family’s assets.
In August, the NAB had arrested Maryam Nawaz, her cousin Yousaf Abbas in the Chaudhry Sugar Mills case.
According to the NAB, transactions worth millions of rupees were made under Chaudhry and Shamim mills.
NAB has also claimed that three foreigners had transferred 11000 shares worth millions of rupees on Maryam Nawaz’s name.
The investigation officer said that in 2008, the assets of Maryam Nawaz were not compatible with her income and in order to investigate assets and income they had summoned members of the Sharif family.
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