ISLAMABAD – The Lahore High Court (LHC) has ordered to auction the propertyof a cousin of former premier Nawaz Sharif.
During the hearing on a petition filed by Bank of Punjab on Tuesday, thecourt ordered to auction the land of Hussain Waqas Sugar Mills.
The court ordered to auction the office of Hussain Waqas Sugar Mills onAugust 31 for being a bank defaulter.
Earlier, the National Accountability Bureau (NAB) had decided to freeze theassets of the Sharif family.
NAB had decided to freeze assets worth Rs225,635,000 of Shahbaz Sharif’swife Nusrat Shahbaz while she owns several luxury cars, jewellery, prizebonds and shares in many companies.
Hamza Shahbaz’s assets worth Rs411,100,000 will be seized. Of 199 banktransactions, 126 were made in the name of Suleman Shahbaz.
Read Top Stories
The anti-corruption watchdog has also found money laundering evidenceagainst Shahbaz Sharif’s family.
The PML-N president also owns agricultural land in Chiniot while his wifeNusrat Shahbaz also owns several properties.
Shehbaz Sharif’s family have many bank accounts. Shahbaz Sharif has alsogifted several houses to Nusrat Shehbaz.
