ISLAMABAD – In a big SURPRISE, New claimant surfaces over former PM NawazSharif expensive London Flats, British media has reported.
Pakistan’s government is facing an high court case after allegedly failingto pay a multimillion-pound bill for tracking down properties once owned bythe country’s disgraced former prime minister Nawaz Shariflink, The Guard in a hhasreported.
The asset recovery firm Broadsheet has launched an unusual claim for about£17m against the country and its anti-corruption agency, the NationalAccountability Bureau (NAB).Advertisement
It plans to apply to take possession of Avenfield apartments, four luxuryflats in Park Lane, central London which were the homes of Sharif’s familyin the capital.
Sharif is appealing against his conviction for corruption from an Islamabadjail. He was jailed for seven years in December last year on corruptioncharges.
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The apartments, in a block next to Hyde Park on the edge of Mayfair, wereused to raise a £7m mortgagelinkandwould probably be worth more than £8m today. The corruption casehighlighted the ease with which London’s property market could be used tomove money from abroad.
Stuart Newberger, a senior partner at the Washington-based law firm Crowelland Moring, which represents Broadsheet, said the high court had previouslyruled in a private hearing that Pakistan owed his client about $22m forhelping help locate and repatriate the corrupt assets of Sharif.
“Pakistan has refused to comply with this final non-appealable courtdecision, thus requiring Broadsheet to enforce this order by seizingPakistan’s assets,” he said.
