Sharif family owns London flats since ’90s: BBC

London

Properties owned by the Sharif family in London’s upscale Park Lane neighbourhood were purchased in the 1990s and there has been no change of ownership since then, BBC Urdu reported on Friday.
According to official documents available with BBC Urdu, the four flats were purchased in the name of the Nielsen and Nescoll companies.
According to the documents, an official record of companies doing business in the United Kingdom reveals that when Hassan Nawaz established Flagship Investment Ltd in 2001, the address he provided at the time of registration of the company was that of his Park Lane apartment.
After the Panama Papers were published, Prime Minister Nawaz Sharif’s son, Hussain Nawaz, had accepted the family’s ownership of Nielsen and Nescoll.
Hussain had said: “The Park Lane apartments in London are ours, two offshore companies, Nielsen and Nescoll, own these flats and I am the beneficial owner of these companies, working under a trust held by my sister Maryam Nawaz Sharif.”
Documents have also revealed that another flat “12-A” located in the same block of the Mayfair apartments is owned by a British company Flagship Investment Ltd. According to this company’s documents, its director is none other but premier’s son Hasan Nawaz.
The said 12-A flat was bought by Flagship Investment Ltd at Avenfield House on January 29, 2004.
According to the documents of a property buying and selling organisation in London, the first flat in central London’s Mayfair residence was bought at 17 Avenfield House by Nescol Ltd on June 1, 1993. The second, flat 16 was bought by Nelson Enterprises Ltd in the same building on July 31, 1995. The third flat, 16-A, was bought on the same date by the same company while the fourth, 17-A, was bought by Nescol on July 23, 1996.
BBC Urdu contacted premier’s son Hasan and Hussain in writing to seek their response regarding the ownership and dates of purchase of these properties but received no response from them despite the passage of two weeks.
In the letter, Hussain was asked that the ownership of these properties has not changed since 1990s according to the record of the British land registry department, contrary to his claim that these flats were bought in 2006.
The questions raised by BBC also included a query relating to Nelson and Nescol, most importantly about the date of the buying of these offshore companies.—Agencies

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