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NAB orders immediate sale of Nawaz Sharif’s properties

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LAHORE: The National Accountability Bureau (NAB) has ordered the immediate sale of properties belonging to former prime minister Nawaz Sharif and has issued a letter to the concerned deputy commissioners in this regard.

In the letter, Shahzad Salim, Director-General of the National Bank Lahore Office, stated that for the first time in the country’s history, the decision to recover a fine from the former prime minister has been implemented.

The country’s accountability watchdog maintained that it had initiated proceedings to recover an £8 million fine — equivalent to Rs1.85 billion — from Nawaz in the Avenfield apartments case. Aside from the imposition of fines, in July 2018, an accountability court had sentenced Nawaz to ten years of imprisonment.

In the letter, the deputy commissioners have been apprised of all the details of Nawaz Sharif’s saleable properties, including bungalows situated at Lahore’s Upper Mall Road and agricultural lands in Sheikhupura and other areas.

The letter stated that the proceeds from the sale of the property will be used for the development of the country, and added that if the fine cannot be recovered in full, further searches of the criminal’s assets will be carried out.

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