NAB in action to recover 8 million pounds fine from Nawaz
National Accountability Bureau Chairman Justice (retd) Javed Iqbal seems to be in full action as he has set in motion the process to recover 8 million pounds from former prime minister and PML-N Quaid Mian Nawaz Sharif, reported 24NewsHD TV channel on Tuesday.
This is for the first time in the country’s history that an amount of fine is going to be recovered from a former premier who has been convicted in a corruption case.
The NAB has dispatched letters to the concerned District Commissioner Officers asking them to sell Nawaz’s properties immediately in compliance with the court order.
The DCOs have been apprised of all the details of Nawaz’s sellable properties.
The PML-N supremo Nawaz Sharif was convicted in the Evan Field Apartments case and was handed down a 10-year jail term and a fine amounting to 8 million pounds.
The co-accused, Maryam Nawaz, was awarded 7-year imprisonment and 2 million pounds fine, and her husband Capt ® Muhammad Safdar was given one-year jail sentence.
The current value of the fine imposed on Nawaz Sharif is estimated to be around Rs1.85 billion.
The properties that belong to Nawaz Sharif included: 940 kanal agricultural land in Moza Mank; 299 kanal agricultural land in Moza Buddhu; 103 kanal agricultural land in Moza Mill and 312 kanal in Moza Sultan.
His other properties included: 14 kanal agricultural land in Mandiali, Sheikhupura and an expensive and luxurious bungalow No. 135 at Upper Mall.
The money to be retrieved after selling former prime minister’s properties will be spent on the country’s development schemes. If the money thus retrieved, falls short of the amount of fine imposed on him, then the NAB will find other assets of the convicted ex-premier and sell them off.
The Islamabad High Court has rejected appeals filed by Nawaz Sharif against his sentence in June last.
Reporter Saud Butt