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NAB submits details of Dar’s seized assets
The National Accountability Bureau (NAB) on Friday submitted before an accountability court the details of former finance minister Ishaq Dar’s seized assets. Accountability Court Judge Muhammad Bashir heard a NAB petition to sell former finance minister Ishaq Dar’s assets in Pakistan. As the hearing began, NAB special prosecutor Imran Shafiq presented his arguments and said […]
The National Accountability Bureau (NAB) on Friday submitted before an accountability court the details of former finance minister Ishaq Dar’s seized assets.
Accountability Court Judge Muhammad Bashir heard a NAB petition to sell former finance minister Ishaq Dar’s assets in Pakistan.
As the hearing began, NAB special prosecutor Imran Shafiq presented his arguments and said if reservations were not raised within the given time then the assets could be sold. “The accused can approach the court till six months after the assets are sold,” he added.
Shafiq further said that so far Dar had expressed no reservations. Even if he appears before the court after the assets are sold then he can be granted his rights.”
The NAB special prosecutor also requested the court to issue an order regarding Dar properties in Islamabad and Lahore which are beyond the court’s ambit.
Judge Bashir then asked the NAB special prosecutor to submit details of Dar’s properties that have been seized after which the court went on break. When the hearing resumed, the NAB prosecutor submitted the details of the seized assets.
According to NAB, Dar owns three flats in Dubai, a house in Lahore’s Gulberg, four plots in Islamabad and one luxury car.
The anti-corruption watchdog also informed the court that the former finance minister is a shareholder in three companies based in Dubai, while his wife owns six cars in Pakistan. “Dar and his wife have also invested Rs 3,453,000 in Hajveri Holdings Pvt Limited.”
A day earlier, NAB had filed the petition seeking the court’s permission to sell Dar’s assets in Pakistan.
NAB requested the court to issue an order on the former finance minister’s remaining properties and to appoint revenue officers of related districts as representatives.
Further, NAB in its petition stated that money raised in the form of rent on Dar’s properties should be added to the national exchequer.
The former finance minister is accused of possessing assets disproportionate to his declared sources of income. A reference against the former finance minister was filed by the National Accountability Bureau (NAB) in light of the Supreme Court’s July 28 verdict in the Panama Papers case.
Published in Daily Times, September 29th 2018.
