Court orders NAB to auction Ishaq Dar’s assets and properties

Court orders NAB to auction Ishaq Dar’s assets and properties

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ISLAMABAD: The accountability court on Tuesday allowed the National Accountability Bureau (NAB) to sell off the assets of former finance minister Ishaq Dar.

Accountability Judge Muhammad Bashir announced this verdict on a plea of the Bureau seeking court permission to auction off the seized assets of the PML-N leader who has been declared proclaimed offender in the assets case.

Ishaq Dar is facing charges of accumulating assets beyond known sources of income.

Announcing the verdict, the accountability court judge ordered the provincial government to immediately seize the former finance minister’s assets and bank accounts and auction them.

The judge held that the provincial government has authority to either auction the assets or keep it with itself.

A day earlier, the accountability court reserved the verdict after a NAB prosecutor submitted details of the assets of the absconding accused.

On September 27, NAB had filed the petition after the Pakistan Muslim League-Nawaz (PML-N) leader went to London for medical treatment and continues to abscond in corruption cases against him in the accountability court.

According to the NAB, Dar has three flats in Dubai, a house in Lahore’s Gulberg, four plots in Islamabad and one luxury car. The PML-N leader is also a shareholder in three companies based in Dubai, while his wife owns six cars in Pakistan.

“Dar and his wife have also invested Rs3,453,000 in Hajveri Holdings Pvt Limited.”

The prosecutor contended that the accused is obliged by law to contact within six months of the seizure of his assets. If no objection is raised by the accused within the given time, then the property is sold, he added.

He said Dar has not yet raised any objection to the assets having been seized.

 

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