Over Rs500m transferred from Dar's account to Punjab govt
The move comes on accountability court's directives to sale, seize Dar's movable and immovable assets
Ishaq Dar. PHOTO: REUTERS
The district authorities in Punjab have transferred over Rs500 million from former finance minister Ishaq Dar's accounts to the provincial government, Express News reported.
The move comes on the directives issued by an accountability court in Islamabad ordering authorities to auction movable and immovable assets of the former finance minister and seize his bank accounts. Dar, accused in assets beyond income case, was declared a proclaimed offender after he failed to appear before the court despite repeated summons.
It is pertinent to note that the accountability court had ruled in a petition filed by the National Accountability Bureau (NAB) seeking the sale of Dar’s assets and asking the court to appoint a ‘receiver’ who would collect and deposit the amount in the state treasury.
Court orders auction of Dar's properties
In light of the judgment authored by Judge Mohammad Bashir, Lahore’s deputy commissioner had sent notices to banks for the transfer. The district authorities then transferred the amount to Punjab government through three pay order transactions.
Dar’s asset details
The details submitted by NAB show ownership of six bank accounts in Lahore and Islamabad, 13 assets within Pakistan and seven assets/companies abroad. According to the list, Dar possesses two Mercedes Benz vehicles, three Land Cruisers and one Toyota Corolla.
His wife is the co-owner of one of the Land Cruisers. His properties include: a two-kanal plot in the Parliament Enclave, another two-kanal plot with Ayaz Builders (Pvt) Ltd, six-acre land in Mauza Milot, a plot in Mauza Bhubtian and another plot in Senate Cooperative Housing Society. His wife is named co-owner of the six-acre land.
In Lahore, Dar owns a house in Gulberg and three plots in Alfalah Housing Society – co-owned by his wife and son. The assets located abroad include apartments at Emirates Hill and Jumeirah in Dubai. He also owns a Bentley Arnage, a Mercedes and have two investments in Baraq Holding (Pvt) Ltd and one investment in Dar al Nahayan (Pvt) Ltd.
The details further show Dar and his wife have made investment of Rs3,453,060 in Hajveri Holding (Pvt) Ltd and Rs2,700 in the Sui Northern Gas Pipelines Ltd.
The move comes on the directives issued by an accountability court in Islamabad ordering authorities to auction movable and immovable assets of the former finance minister and seize his bank accounts. Dar, accused in assets beyond income case, was declared a proclaimed offender after he failed to appear before the court despite repeated summons.
It is pertinent to note that the accountability court had ruled in a petition filed by the National Accountability Bureau (NAB) seeking the sale of Dar’s assets and asking the court to appoint a ‘receiver’ who would collect and deposit the amount in the state treasury.
Court orders auction of Dar's properties
In light of the judgment authored by Judge Mohammad Bashir, Lahore’s deputy commissioner had sent notices to banks for the transfer. The district authorities then transferred the amount to Punjab government through three pay order transactions.
Dar’s asset details
The details submitted by NAB show ownership of six bank accounts in Lahore and Islamabad, 13 assets within Pakistan and seven assets/companies abroad. According to the list, Dar possesses two Mercedes Benz vehicles, three Land Cruisers and one Toyota Corolla.
His wife is the co-owner of one of the Land Cruisers. His properties include: a two-kanal plot in the Parliament Enclave, another two-kanal plot with Ayaz Builders (Pvt) Ltd, six-acre land in Mauza Milot, a plot in Mauza Bhubtian and another plot in Senate Cooperative Housing Society. His wife is named co-owner of the six-acre land.
In Lahore, Dar owns a house in Gulberg and three plots in Alfalah Housing Society – co-owned by his wife and son. The assets located abroad include apartments at Emirates Hill and Jumeirah in Dubai. He also owns a Bentley Arnage, a Mercedes and have two investments in Baraq Holding (Pvt) Ltd and one investment in Dar al Nahayan (Pvt) Ltd.
The details further show Dar and his wife have made investment of Rs3,453,060 in Hajveri Holding (Pvt) Ltd and Rs2,700 in the Sui Northern Gas Pipelines Ltd.