LNG Case: NAB freezes assets of Shahid Khaqan Abbasi

By Muhammad YaseenPublished On 05 Jan 2023

Islamabad: National Accountability Bureau (NAB) has frozen the assets of former prime minister and Pakistan Muslim League-Nawaz (PML-N) leader Shahid Khaqan Abbasi.

According to details, the accountability watch-dog has frozen the moveable and immovable assets of PML-N leader Shahid Khaqan Abbasi while the transfer of his properties and vehicles has also been banned.

The NAB has also stopped transfer of already sold vehicle of Shahid Khaqan Abbasi. On the other hand, anti-graft watchdog has also frozen the assets of former finance minister Miftah Ismail.

Last year, Abbasi was arrested by National Accountability Bureau (NAB) while en-route to Thokar Niaz Baig in Lahore on July 18, in a multi-billion-rupee case related to the award of a liquefied natural gas (LNG) import contract.

On December 12, NAB Rawalpindi again filed a reference in the Liquefied Natural Gas (LNG) case against former prime minister Shahid Khaqan Abbasi and former finance minister Miftah Ismail. The reference was filed on December 3, however, the accountability court has returned the reference after raising some objections.

Additionally, the reference stated that the national exchequer will suffer a loss of Rs47bn by 2029 because of the contract.

The Islamabad High Court (IHC) had granted bail to Abbasi in the LNG reference on February 25, 2020.