Liability court orders auction of seized Nawaz properties

ISLAMABAD: The Islamabad Liability Court on Friday ordered the auction of the seized properties of former prime minister and PML-N supreme Nawaz Sharif in the Toshakhana benchmark.

Liability Court Judge Syed Asghar Ali heard the case and accepted NAB’s request for the auction of the former prime minister’s properties and ordered that wherever Nawaz Sharif’s properties are located, the relevant provincial government can proceed with the auction. The court ordered the deputy commissioners of Lahore and Sheikhupura to submit a report regarding the auction within 60 days.

The court also ordered the relevant authorities to return the proceeds to the State Treasury after the auction of Nawaz Sharif’s properties. The court also ordered the auction of Nawaz Sharif’s vehicles within 30 days. The court said police assistance should be sought in getting their hands on the vehicles before they go on sale.

The court also ordered the authorities to transfer all funds from Nawaz Sharif’s bank accounts to the public treasury. The court said that only these properties, which have no objections to them, cannot be auctioned.

The court had previously accepted requests for exemptions from appearance by former President Asif Ali Zardari and former Prime Minister Yusuf Raza Gilani. The court later adjourned the hearing to April 28. Judge Syed Asghar Ali said on Thursday the court would proceed with the NAB’s request to dispose of Nawaz Sharif’s unclaimed property.

The petition was filed by the deputy attorney general of the NAB, Sardar Muzaffar Khan Abbasi.

Referring to the responsibility court order in which Nawaz Sharif was declared the offender proclaimed in the Toshakhana referral, Muzaffar Abbasi said that despite a six-month delay, the former prime minister did not appear in court .

It can be mentioned that NAB had submitted a report to the liability court, stating that Nawaz Sharif owns shares in four registered companies, manages eight accounts, three of which are in foreign currency. In addition, the former Prime Minister owns a Land Cruiser, two Mercedes cars and two tractors. His dependents also own properties in Lahore, Sheikhupura, Murree and Abbottabad.

Maryam Nawaz had previously disputed the attachment of the Sharif family properties to Murree and Changla Gali along with other frozen properties in relation to the Toshakhana reference due to the flight of her father Nawaz Sharif.

Maryam Nawaz filed the petition against the seizure of House No. 24-A & B, III, Hall Road, Murree, and a house in Changla Gali, Abbottabad, in the Toshakhana case.

She said in the petition that both houses belonged to her late mother, Kulsoom Nawaz. She said that both houses were purchased long before the period mentioned in the reference and that after the death of the owner of the houses in question, the property passed to the legal heirs according to the judgment and decree of May 14, 2019, and the houses are undivided properties of the joint ownership of all the legal heirs.

According to the Toshakhana benchmark, Nawaz Sharif and Asif Ali Zardari had obtained vehicles from Toshakhana by paying only 15% of the price of luxury vehicles.

The NAB alleged that Yusuf Raza Gilani dishonestly and illegally facilitated the allocation of vehicles to Asif Zardari and Nawaz Sharif by relaxing the procedure for accepting and disposing of gifts in a 2007 memorandum from the Cabinet division.

Islamabad’s Liability Court-III issued in May last year non-release warrants against Nawaz Sharif for failing to attend court proceedings in connection with the removal and also initiated the process. to declare him proclaimed delinquent.

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