Pakistan News

Accountability Court allows auction of Ishaq Dar’s property, vehicles

ISLAMABAD: Accountability court on Tuesday has allowed National Accountability Bureau (NAB) to auction former finance minister Ishaq Dar’s properties.

 

While announcing the reserved verdict on NAB’s plea, Justice Mohammad Bashir has directed to put ex-minister’s Lahore properties and his vehicles on auction.

 

The court has said that it will be the prerogative of the Punjab Government to either sell the assets or retain them with itself.

 

NAB had approached the accountability court for the auction of movable and immovable properties of the ex-minister as he is absconding in assets beyond income reference.

 

The bureau had also seized all properties of Mr Dar that included a house in Lahore, three plots in Al-Falah Housing Society, six acres of land in Islamabad, two-kanal plot in Parliamentarians Enclave, one plot in the Senate Cooperative Housing Society, another plot of two kanals and nine marlas in Islamabad and six vehicles.

 

On July 28, a five-member Supreme Court bench had ordered NAB to file three references against former prime minister Nawaz Sharif and one against Dar, on petitions of Pakistan Tehreek-i-Insaf’s Imran Khan, Jamaat-i-Islami’s Sirajul Haq and Awami Muslim League’s Sheikh Rashid Ahmed.

 

In its reference against the former minister, NAB had alleged that “the accused had acquired assets and pecuniary interests/resources in his own name and/or in the name of his dependents of an approximate amount of Rs831.678 million”.

 

The reference alleged that the assets were “disproportionate to his known sources of income for which he could not reasonably account for”.

 

In November last year, the accountability court had declared ex-finance minister Ishaq Dar absconder and rejected the minister’s petition in which he sought immunity from hearing of assets beyond known sources of income reference.

 

PML-N leader remained in London where he is reportedly undergoing a medical treatment for a heart disease.

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