Accountability court on Wednesday (Sep 25) has sent Pakistan Muslim League-Nawaz (PML-N) vice president Maryam Nawaz and managing director at Sharif Group of Industries and former Prime Minister Nawaz Sharif’s nephew Yousaf Abbas to jail on judicial remand in Chaudhry Sugar Mills case.
During the hearing, the court has rejected National Accountability Bureau’s (NAB) plea to extend physical remand of the PML-N vice president and Yousaf Abbas. The NAB investigating officer told the court that during the investigation they had found out about an agreement for the division of family assets.
“The shares were divided between Nawaz Sharif, Shehbaz Sharif, Abbas Sharif, Kulsoom and Shamim Begum,” he told the court. Asadullah further said, according to Securities and Exchange Commission of Pakistan’s (SECP) record, in 2008, Chaudhry Sugar Mills shares were valued at Rs26.2 million, however, during the investigation, there was a difference of nearly Rs1 million.
He added, in 2015, Chaudhry Sugar Mills was shifted from Gojra to Rahim Yar Khan, a move which cost Rs1.5billion. “We still need to assess the revenue spent on shifting Chaudhry Sugar Mills” he noted. The court has directed to re-produce the accused on October 9 for further proceedings.
On August 8, NAB team had detained Maryam Nawaz outside the Kot Lakhpat Jail in Lahore for skipping appearance in Chaudhry Sugar Mills due to meeting with her father and former Prime Minister Nawaz Sharif.
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27 September, 2019