Former PM Nawaz Sharif’s properties auction in Lahore

Former PM Nawaz Sharif’s properties auction in Lahore

The Lahore Cantonment assistant commissioner on Monday ordered auction offormer prime minister Nawaz Sharif’s property in Lahore in line with anearlier decision of an accountability court.

The accountability court on April 23 accepted a petition filed by theNational Accountability Bureau (NAB) Rawalpindi seeking auction of assetsowned by Nawaz.

NAB’s decision to auction off PML-N patron’s assets came after he wasdeclared a proclaimed offender in the Toshakhana reference.

“The auction of property known as 135 Upper Mall Lahore, situated in MouzaMian Mir, Tehsil Cantt. Lahore is scheduled to be held on Friday,19.11.2021 at 10:00AM at the compound of Assistant Commissioner’s OfficeCantt,” the AC said in a notification.

In May this year, the Islamabad High Court (IHC) had rejected threepetitions submitted for hearing against the auction of Nawaz’s properties.Confiscation of other property:

Last month, an accountability court had ordered confiscation of theproperty owned by Nawaz in the Toshakhana reference. Former prime ministerYusuf Raza Gilani and former president Asif Ali Zardari are also parties tothis case.

The property included 1,650-kanal agricultural land in Lahore, a Mercedes,a Land Cruiser, two tractors, local and foreign bank accounts, a bungalowin Murree, and 102-kanal land in Sheikhupura.

The NAB reference filed against Zardari and Nawaz accuses them of obtainingcars from Toshakhana (the gift depository) by paying 15% of the price ofthe cars.