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NAB Court Summons Details of Dar’s Seized Assets

Islamabad (September 28, 2018): An accountability court on Friday sought details of former finance minister Ishaq Dar’s assets that have been seized.

Accountability Court Judge Muhammad Bashir heard a National Accountability Bureau (NAB) petition to sell former finance minister Ishaq Dar’s assets in Pakistan.

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As the hearing began, Judge Bashir asked NAB special prosecutor Imran Shafiq to submit details of Dar’s properties that have been seized. The court is on break till 11am. Earlier on September 27, the National Accountability Bureau (NAB) on Thursday sought the Islamabad High Court’s (IHC) permission to sell off assets held by absconding suspect Ishaq Dar.

The bureau’s special prosecutor, Imran Shafiq said in the petition that the PML-N leader has been declared an absconder by both NAB and the court and is wanted in corruption cases.

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The former finance minister was declared fugitive in case pertaining to assets beyond income means and efforts were underway to bring him back to Pakistan through Interpol.

Earlier 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 filed by Imran Khan, Jamaat-e-Islami’s Sirajul Haq and Awami Muslim League’s Sheikh Rashid Ahmed.

In its reference against the finance 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 dependants of an approximate amount of Rs831.678 million (approx)”.

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 Dar absconder and rejected the minister’s petition in which he sought immunity from hearing of assets beyond known sources of income reference.

The former finance minister has been in London since October last year on account of his medical treatment and has been declared an absconder in the corruption case against him. Later, red warrants were sought for his arrest.

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 the National Accountability Bureau (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.

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