Pakistan News Service

Friday Nov 24, 2017, Rabi-al-awwal 5, 1439 Hijri
Logo Logo
LATEST :
Pakistan News Home -> Tribune Corner -> News Details

SECP handed over records of companies owned by Ishaq Dar to NAB

24 August, 2017

  Related News  
Shahid Khaqan Abbasi held meeting with Saudi Crown Prince in Jeddah
Pakistan shared evidence with American military officials about action taken against Haqqani Network
  More on this View All

LAHORE: The Securities and Exchange Commission of Pakistan (SECP) handed over records of various companies owned by Finance Minister Ishaq Dar as well as the Chaudhry Sugar Mills, owned by former prime minister Nawaz Sharif’s family, to the National Accountability Bureau (NAB) on Wednesday.

According to sources, SECP Joint Director Ali Adnan handed over the records of seven companies owned by Mr Dar and his family members to a four-member Combined Investigation Team (CIT), led by Lahore NAB Director General Saleem Shahzad, at the Bureau’s Lahore office.

NAB’s current investigation is meant to lead to a reference ordered by the Supreme Court on July 28, in the Panama Papers case verdict, against Mr Dar for owning assets beyond his known sources of income.

The CIT had sought the personal appearance of members of the Sharif family but they did not turn up. The finance minister, through his counsel, had informed the CIT that he would not join its proceedings till the Supreme Court arrived at a decision on his review petition against the apex court’s July 28 verdict.

While Mr Sharif, his daughter Maryam Nawaz and son-in-law retired captain Muhammad Safdar categorically refused to appear before the CIT, their counsel filed written replies to the CIT questions about the proceedings being in violation of the NAB Ordinance 1999.

The Sharif family believes that their appearance before the interrogators would not amount to much since the court has already directed NAB to file the references.

The sources said that Mr Adnan’s role in the proceedings pertaining to the Chaudhry Sugar Mills was of key importance as he had been associated with the case from day one.

A NAB official privy to the investigation said Javed Kayani, a close friend of the Sharif family, had also appeared before the CIT.

Mr Kayani, a former chairperson of the Punjab chapter of the Pakistan Sugar Mills Association, had earlier presented his statement before the Joint Investigation Team (JIT) constituted by the SC while hearing the Panama Papers case.

The JIT had accused Mr Kayani of laundering money for the Sharif family through fictitious bank accounts. He was also named a suspect in the Hudaibya Paper Mills case. The sources said the CIT had persuaded Mr Adnan and Mr Kayani to become approvers against the Sharif family. SECP Director Maheen Fatima is likely to appear before the CIT today (on Thursday).

 What do you think about the story ? Leave your comments!

Heading (Optional)
Your Comments: *

Your Name:*
E-mail (Optional):
City (Optional):
Country (Optional):
 
 
Field marked(*) are mandatory.
Note. The PakTribune will publish as many comments as possible but cannot guarantee publication of all. PakTribune keeps its rights reserved to edit the comments for reasons of clarity, brevity and morality. The external links like http:// https:// etc... are not allowed for the time being to be posted inside comments to discourage spammers.

  Speak Out View All
Military Courts
Imran - Qadri long march
 
Candid Corner
Exclusive by
Lt. Col. Riaz Jafri (Retd)
Pakistan itself a victim of state-sponsored terrorism: Qamar Bajwa
Should You Try Napping During the Workday?
Suggested Sites