KARACHI: The National Accountability Bureau (NAB) authorised on Monday an investigation against former provincial minister Sharjeel Inam Memon for accumulating assets beyond known sources of income and money laundering.
Memon, who has served over time as minister for information and archives, local government and works and services department, is accused of using his powers to commit an offence of corruption as defined in section 9(v) of National Accountability Ordinance (NAO) 1999.
According to the NAB, the former minister "possesses of his dependents or Benamidars have acquired right or title to assets or hold irrevocable powers" of certain properties.
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These properties include 270 acres of agricultural land worth Rs300 million with deed to him and his mother, Rawal Farm House estimated at Rs1 billion, a cotton factory in Hyderabad worth Rs100 million, three plots in Defence Housing Authority worth Rs210 million deeded to his mother, flats and villas with deed to him and his wife and a further six plots in SITE area under the name of Izhar Hussain, his personal secretary, Subhan, his driver, and Agha Ahsan, a property agent. He is also accused to laundering Rs1.08 billion.
Published in The Express Tribune, July 9th, 2019.