LHC freezes NAB’s Rs115 million

The LHC issued this order as the Sharif family complained that the NAB had cashed in their cheques worth Rs115m.


Rana Tanveer September 10, 2010

LAHORE: A division bench of the Lahore High Court (LHC) ordered the National Bank of Pakistan on Thursday to freeze Rs115 million from the account of the National Accountability Bureau (NAB) as surety bond in seven identical appeals from the Sharif clan.

The LHC issued this order as the Sharif family complained that the NAB had cashed in their cheques worth Rs115 million and sought direction for a refund of their monies. At a prior hearing, the court had ordered the NAB officials to present the cheque in the name of the LHC deputy registrar (Judicial).

A NAB official, yesterday, submitted that for the issuance of the cheque the signature of the NAB chairman was required and currently that position was vacant.

On hearing this, the court issued the direction for freezing of the sum till the time the case is decided.

The NAB also produced property documents and other confiscated belongings of the appellants in a sealed bundle which the court ordered to be handed over to the LHC deputy registrar (Judicial).

The bench headed by Justice Ijazul Ahsan issued notice to the Sharif family till September 27 on an application filed by the NAB describing the Sharif family appeals as non-maintainable. In their appeal, the Sharif family had put forward the plea that the NAB had not released their property seized in 2001.  The property had been seized to recover the fines imposed by an accountability court and an anti-terrorism court on Nawaz Sharif in the cases of plane hijacking and the purchase of a Russian helicopter. The convictions were later set aside by the Supreme Court. The appellants argued that it was unlawful on the part of the NAB to recover fines imposed on Nawaz Sharif from other family members.

Also, they said that after Nawaz Sharif’s acquittal from the apex court, the NAB should have released the attached property and shares.

Published in The Express Tribune, September 10th, 2010.

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