Court to decide today on NAB’s plea to freeze Ishaq Dar’s assets | Pakistan

ISLAMABAD: The accountability court hearing the Supreme Court-directed corruption reference against Finance Minister Ishaq Dar will resume proceedings today. 

The minister is accused by the National Accountability Bureau (NAB) of possessing assets which are disproportionate to his declared sources of income. 

At the last hearing on October 23, the court had continued with the recording of NAB’s witnesses — Abdul Rehman Gondal of Allied Bank and Masoodul Ghani of Habib Bank Limited — and is expected to continue the practice today as well. 

Azeem Khan of Bank Al Falah and Faisal Shehzad of Habib Metropolitan Bank will record their statements today and Dar’s counsel, Khawaja Harris, will complete the cross-examination of the previous witnesses. 

Moreover, Accountability Court Judge Mohammad Bashir will hear Dar’s plea regarding the notices issued to him at the last hearing regarding NAB’s plea to have his assets frozen until the case is decided. 

The NAB had submitted a plea in court seeking its endorsement of the bureau’s October 18 order directing the freezing of Dar and his family’s assets.

NAB has been seeking the endorsement of the court as the NAB chairman’s order stated: “This order shall remain in force for a period not exceeding 15 days and it shall be filed in the court of learned judge, Accountability Court No. 1, Islamabad for its confirmation as required under 1st proviso to Section 12(C) of NAO, 1999”.

Ishaq Dar’s assets 

NAB is seeking the freezing of Dar’s six bank, properties and vehicles in Pakistan and the United Arab Emirates as well as investments in both countries. 

NAB also listed properties and assets of Dar as follows: A house in Gulberg, Lahore, a two-kanal plot in Parliamentarians Enclave, Islamabad, a two-kanal plot with Ayaz Builders (Pvt) Ltd, a plot in Senate Cooperative Housing Society, Islamabad, a two kanal and 19 marla plot in the name of Mrs Tabassum Dar, three plots in Alflah Housing Society, Lahore owned by Dar, his wife and son Ali Mustafa Dar and six acres in Mouza Milot owned by him and his wife.

In the list of foreign properties and assets, the NAB mentioned a flat in Emirates Hills Dubai, owned by Dar, an apartment in Palm Jumairah Dubai, a 2003 Bentley Arnage car, a 2006 Mercedez, two sets of shares/investment in Baraq Holdings (Pvt) Ltd and shares/investments in Al-Nahayan owned by Ishaq Dar.

The list of cars in Pakistan include a 2004 Land Cruiser owned by Mrs Dar, a 1999 Land Cruiser, a 2004 Toyota Corolla, a 1998 Mercedez Benz,  a 2008 Mercedez and a 2014 Land Cruiser.

Moreover, Dar and his wife have made an investment of Rs3,453,060 in Hajveri Holdings (Pvt) Ltd and Rs2,700 shares by in Sui Northern Gas Pipelines Ltd.

NAB, in its application, informed the court of serious apprehensions that the accused, his dependents/benamidars might dispose of, alienate, sell, create charge or change the status of the properties/investments.

With additional input from this report in The News. 

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