Court directs SECP to sell PML-N leader’s shares
Staff Reporter Islamabad
An accountability court in Lahore on Friday gave the nod to the National Accountability Bureau (NAB) to auction former prime minister Nawaz Sharif’s properties in the Toshakhana reference.
Giving out the verdict, the court told chairman of Securities and Exchange Commission of Pakistan (SECP) to sell Nawaz’ shares.
According to the court, authorities may proceed with any auction that they do not receive an objection against.
The court also directed the deputy commissioners of Lahore and Sheikhupura to auction the former premier’s properties within 60 days and submit a report in this regard.
The amount from the auctions shall be submitted to the national exchequer, the court said and added that Nawaz’ vehicles be forfeited with the assistance of police and also auctioned within 30 days.
The accountability court also directed to transfer the amount in the bank accounts of the Pakistan Muslim League-Nawaz (PML-N) supremo to the exchequer.
The court had earlier declared Nawaz an absconder, and issued the verdict as NAB conveyed that the former premier had not been appearing in the hearing.
