Pakistan News

NAB seeks Islamabad High Court’s permission to sell Ishaq Dar’s assets in Pakistan

ISLAMABAD: The National Accountability Bureau (NAB) on Thursday has filed a petition in Islamabad High Court (IHC) to sell the assets of former finance minister Ishaq Dar in Pakistan.


The petition stated that the Ishaq Dar is wanted by court and has been declared as an absconder by both NAB and court.


Ishaq Dar is in London since October and has been seeking treatment of an undefined heart complication at a Harley Street hospital and has been declared an absconder in the corruption case against him. Later, red warrants were also issued for his arrest.


Moreover, the petition has demanded permission of IHC to sell all the assets of Ishaq Dar in Pakistan.


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


The case itself involves the National Accountability Bureau (NAB) initiating proceedings against Ishaq Dar for possessing assets that do not equate with his known sources of income, and follows the original Supreme Court verdict in the historic Panama Papers case verdict in July 2017.


NAB had filed an interim reference against Dar in September 2017, who was later indicted in the case but has been absconding since then.


The national watchdog later filed references against National Bank of Pakistan President Saeed Ahmed, Naeem Mehmood and Mansoor Rizvi, and held them as co-accused in the case.


Memhood and Rizvi, meanwhile, are directors of a company Ishaq Dar owns.

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