Court to announce verdict in Shehbaz Sharif’s family assets freezing case today

LAHORE: An accountability court today, Wednesday, will announce its reserved verdict on a plea, filed by Pakistan Muslim League-Nawaz (PML-N) president, Shehbaz Sharif against freezing assets of his family.

The on Tuesday had reserved its verdict over Shehbaz Sharif’s plea. The NAB had submitted complete record recording freezing of the Shehbaz’s family assets.

According to the NAB report, the Shehbaz Sharif family accumulated assets of billions of rupees through money laundering.

Earlier, the court had asked from the investigation officer (IO) about the purchase date of houses located in Model Town. “The houses were purchased before coming into the power”, the IO had replied to the court’s query.

The IO further added that the house situated in 96-H was bought in 2006. Later, the AC while adjourning the hearing of the case asked the IO to present a detailed record in this regard tomorrow.

Last week, the NAB Lahore had frozen the Al-Arabia Sugar Mills in the assets beyond means case in November.

It is to be mentioned here that the Al Arabia Sugar Mills owned by the Opposition leader in Punjab Assembly Hamza Shahbaz and his brother Salman Shahbaz was sealed in November by the Additional Deputy Commissioner Revenue for non-payment to sugarcane growers and around 0.4 million sugar bags were seized during a raid at the mills in Sargodha.