An accountability court in Islamabad has issued a written order for the confiscating of disclosed assets of former prime minister Nawaz Sharif in Toshakhana reference.
The court stated in its written order to confiscate disclosed assets of the proclaimed offender and absconder Nawaz Sharif in Toshakhana reference.
The chairman of Securities Exchange Commission of Pakistan (SECP) and the deputy commissioners of Lahore, Sheikhupura, Rawalpindi, Abbottabad have been directed to implement the judicial orders.
The Excise and Taxation Officer (ETO) Lahore was ordered to present a report till October 13 after forfeiture of the properties, vehicles and bank accounts of Nawaz Sharif.
The confiscation of disclosed assets will include 8 accounts including 3 foreign currency accounts in different banks.
Moreover, Shares of Nawaz Sharif worth over Rs.467,000 in Muhammad Baksh Textile Mills; over Rs.48,606 worth shares in Ittefaq Textile Mills; Rs.343,000 worth shares in Hudaibiya Paper Mills, Rs.22,000 worth shares in Hudaibiya Engineering Company.
It further appears that Nawaz Sharif is possessing Rs.612,000 in 5 bank accounts and in foreign currency accounts, the total amount includes 566 Euros, 698 US Dollars and 498 British Pounds.
Those properties include a bungalow in Murree and 15-kanal residence in Changla Gali in Galyat, and properties in Lahore’s Upper Mall area. A total of 1,752-kanal of land is registered in the name of Mr Sharif and his dependents.
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