Sharif family owns many prime properties besides Avenfield apartments: British daily

Published: June 24, 2018
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Nawaz Sharif has lived in the ‘Avenfield House’ whenever in London since 1993. PHOTO: FILE

Nawaz Sharif has lived in the ‘Avenfield House’ whenever in London since 1993. PHOTO: FILE

Former prime minister Nawaz Sharif and his family have amassed a vast property empire by cultivating millions into ‘London’s swankiest addresses’, a British newspaper claimed on Sunday.

The family owns many prime properties in the United Kingdom besides London’s Avenfield apartments, on which one of the references filed by the National Accountability Bureau (NAB) is based, The Daily Mail reported.

“The family has made huge profits from other sites which have not figured in court – such as the swankiest address of all, at One Hyde Park Place, which Nawaz Sharif’s son Hassan sold for £43 million,” claimed the British daily.

“Untangling the web of the Sharifs’ British real estate portfolio is not easy. The properties are registered via a bewildering network of companies, trusts and bank accounts,” it added.

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The report said that the deposed prime minister had “knocked four luxury flats together to make single mansion, now worth at least £7 million.” He has lived in the ‘Avenfield House’ when in London since 1993 and shares it with his two sons, Hassan and Hussain Nawaz, and daughter Maryam and her husband Captain (retd) Safdar.

“The Avenfield flats, the prosecutors say, were bought with dirty money. They form just a fraction of a London property empire owned by Sharif’s family. And prosecutors believe the money used to bankroll it was dishonestly acquired by Nawaz Sharif during his three terms as prime minister,” the report added.

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It said the family is also accused of using ‘dirty money’ to buy at least 21 properties besides the Avenfield flats in the United Kingdom, “most at equally grand Central London locations, in Mayfair, Chelsea and Belgravia.

“The total value of the properties is estimated at at least £32 million.”

Accused of money-laundering, the family is facing several corruption references filed by the NAB for the past several months.

Nawaz Sharif was disqualified as a result of the Supreme Court’s July 28, 2017 verdict. He was also barred from heading his own faction of Pakistan Muslim League (PML-N) earlier this year.

Sharif’s main political rival Pakistan Tehreek-e-Insaf (PTI) chief Imran Khan also referred to the article on Twitter, alleging that the former ruling family looted and laundered the nation’s wealth.

The PML-N, however, strongly dismissed the report calling it “unfortunate and against set rules of journalistic impartiality”.

In a statement, party’s spokesperson Marriyum Aurangzeb said the British daily has attempted to influence the ongoing trial in Pakistan by giving it an specific angle.

Publishing the news story at this juncture is an attempt to deprive the former PM and his family of their fundamental right of self defence, she added.

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Reader Comments (5)

  • Ts
    Jun 24, 2018 - 9:16PM

    Entire family excluding kalsoom nawaz should be brought back red handed and thrown to jail until public money is recover asapRecommend

  • Javaid
    Jun 24, 2018 - 10:40PM

    Nawaz Shareef must sue the paper if the report is incorrect otherwise it will be presumed that Nawaz plundered the Pakistani people’s money. Recommend

  • Parvez
    Jun 24, 2018 - 10:53PM

    This is old newsand here they are talking of only London properties..what about elsewhere ?Recommend

  • Golmal
    Jun 24, 2018 - 11:03PM

    Well, where did these millions of $dollars come from? On a PM salary?
    Going back to 1993!! Buying properties under his son’s name. When the
    son was still a teenager!! Teenager was able to acquire 100’s of 1000’s of
    British sterling pounds to buy these properties. No job, no business ownership,
    but somehow got this money? How?
    Adiala jail is calling Nawaz’s name. Suite reserved there.Recommend

  • ishrat salim
    Jun 25, 2018 - 1:02PM

    Yes, Ms Maryam, please, if this news is not true, what are you guys waiting for, why not sue them ? no use crying over the spilt milk. more cats are out of the bag. File a case against the UK paper against their new article if the details therein are not correct. Recommend

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