Report in Dawn, Jannuary 6th, 2021
LAHORE: An accountability court on Tuesday allowed more time to the National Accountability Bureau (NAB) to submit a compliance report about the attachment of the assets owned by former prime minister Nawaz Sharif since he had been declared absconder in a reference of 34-year-old illegal land allotment in favour of Jang Group editor-in-chief Mir Shakilur Rehman.
The investigating officer told the court that the process to attach the movable and immovable properties of the absconder under section 88 of CrPC was under way and soon be completed.
The court adjourned hearing till Jan 19 to await the report.
According to the NAB, Sharif owns multiple pieces of agricultural land — 936 kanal 10 marla, 299 kanal and 12 marla and 312 kanal and 14 marla in Lahore while 88 kanal and 50 marla and 14 kanal and 5 marla in Sheikhupura. The former premier also owns an urban property at Upper Mall.
As per the record of the Securities and Exchange Commission of Pakistan, Mr Sharif holds shareholdings in Muhammad Bakhsh Textile Mills (5.82 per cent), Hudabiya Papers Mills (3.59 per cent), Hudabiya Engineering Company (10.86 per cent) and Ittefaq textile Mills (0.96 per cent).
The record reveals that the absconder owns four vehicles in his name including one Toyota Land Cruiser and one Mercedes and two tractors.
The court had already issued perpetual warrants for the arrest of Sharif after completing the process to declare him an absconder in the reference.
The NAB in its reference alleged that Rehman illegally obtained exemption of 54 plots each measuring one kanal situated in Block-H, Johar Town. It alleged that the allotment of the land had been in connivance with then chief minister Nawaz Sharif against the exemption policy and the laws for monetary gains. It said the suspects caused a loss of Rs143.53 million to the national exchequer through allotment of the land in violation of exemption policy.
https://www.dawn.com/news/1599885/nab-gets-more-time-to-report-on-nawazs-assets-attachment
