Skip to main content

Accountability court reserves verdict on NAB plea to auction Dar's assets

Ishaq Dar
An accountability court on Monday reserved its verdict on the National Accountability Bureau's (NAB) plea to auction absconding suspect Ishaq Dar's assets in Pakistan.

After hearing the anti-graft body's arguments today, the court reserved its verdict on the plea.

The petition was filed by the NAB after the Pakistan Muslim League-Nawaz (PML-N) leader went to London for medical treatment and continues to abscond in corruption cases against him in the accountability court.

Last week, NAB had submitted to the accountability court details of the former finance minister’s assets that have been seized.

During the last hearing, NAB special prosecutor Imran Shafiq said if reservations are not raised within the given time then the assets can be sold. "The accused can approach the court till six months after the assets are sold," he added.

The NAB prosecutor further said that so far Dar has expressed no reservations and even if he appears before the court after the assets are sold then he can be granted his rights.

Shafiq also requested the court to issue an order regarding Dar properties in Islamabad and Lahore which are beyond the court's ambit.

The case

The former finance minister is accused of possessing assets disproportionate to his declared sources of income.

A reference against the former finance minister was filed by NAB in light of the Supreme Court's July 28 verdict in the Panama Papers case.

Dar had earlier been declared a proclaimed offender by the accountability court due to his continuous absence from the proceedings.

In November 2017, then-prime minister Shahid Khaqan Abbasi had accepted Dar’s request to be relieved of his duties as the finance minister.



Labels:

Comments

Post a Comment

Popular posts from this blog

IHC to hear Nawaz Sharif’s bail plea on medical grounds today

The Islamabad High Court (IHC) will take up the plea filed by the former prime minister Nawaz Sharif seeking bail in the Al-Azizia case on medical grounds on Wednesday (today). The division bench comprising Justice Aamir Farooq and Justice Mohsin Akhtar Kayani will preside the hearing. In the last hearing, the National Accountability Bureau (NAB)had submitted its detailed reply in the court. The NAB has requested the Islamabad High Court (IHC) to throw out a petition filed by former prime minister Nawaz Sharif seeking his release from prison on medical grounds. In a detailed reply submitted to the IHC in response to Sharif’s plea, the anti-graft watchdog stated that the petition at hand is the third one seeking relief on the grounds similar to previous ones and therefore, is not maintainable and liable to be dismissed with exemplary costs. NAB stated the grounds on the basis of which Sharif sought his release are “non-conclusive observations contained in a medical report of the ...
Post a Comment
Read more

PM Khan had ended tolerance for corruption: Fawad Chudry

Information Minister Fawad Chaudhry on Sunday asserted that all state institutions stand by Prime Minister Imran Khan and are working together to lead the country toward development. While talking to journalists, Information Minister Fawad Chaudhry said that before Khan came to power, every politician thought that “corruption was their right”. However, PM Khan had ended tolerance for corruption after he assumed office, Chaudhry claimed. When people do not have money to buy medicines then how can a prime minister live lavishly?” said Fawad Chaudhry. “They [the previous government] had ordered cars worth Rs980 million for one SAARC conference,” Chaudhry said, adding that the maintenance expenditure of the cars amounted to Rs350m. He said that previous governments had left the country up to its eyeballs in debt by spending huge amounts of money on extravagance. The new premier was trying to repay this debt. He further said that the budget allocated to state institutions like Pakist...
Post a Comment
Read more

England start 2019 World Cup campaign with 104-run win over South Africa

England inflicted a heavy 104-run defeat over South Africa on Thursday in the opening match of the 2019 World Cup at Kennington Oval in London. Chasing a 308-run target, South Africa were dealt an early blow when opener Hashim Amla had to retire hurt after copping a Jofra Archer bouncer. Quinton de Kock (68) top scored for the visitors and Rassie van der Dussen chipped in with a 50 but no other batsmen did enough for the Africans to pose a serious threat to the hosts. Archer was the star of the the show as he picked up three wickets and bowled with hostile pace that troubled Faf du Plessis' men. Ben Stokes was named the man of the match for his two-for coupled with an 89-run knock in the first innings. Earlier, South Africa had restricted England to 311 for eight as the tournament hosts and favourites made a stuttering start in their quest to win the trophy for the first time. Ben Stokes top-scored with 89, while England captain Eoin Morgan (57), Jason Roy (54) and Joe Root...
Post a Comment
Read more