NAB moves court to confiscate Dar’s properties

ISLAMABAD: The National Accountability Bureau (NAB) has moved the accountability court for the auction of movable and immovable properties owned by former inance minister Ishaq since he is absconding in the reference related to his assets beyond means.

Accountability judge Muhammad Bashir heard the NAB plea and asked it to give details of Dar’s coniscated properties.

N ab special prose cu tori mr ans hai que sought appointment of a receiver and the issuance of orders for the sale of Dar’s movable and immovable properties since the ex-minister has led abroad.

Following the iling of the reference against Dar in the accountability court last September, NAB seized all of Dar’s movable and immovable assets. These included a house in Gulberg III, Lahore; three plot sin the alf al ah housing society, Lahore; six acres of land in Islamabad; a two-kanal plot in the Parliamentarians Enclave, Islamabad; a plot in the Senate Cooperative Housing Society, Islamabad; another plot measuring two kanals and nine marla sin islamabad; and six vehicles.

The NAB alleges that Dar acquired in his name and/or in the names of his dependants assets worth Rs831.7 million, which is disproportionate to the known sources of his income.

The prosecutor raised before the court the matter under Section 88 (attachment of property of person absconding), sub-sections 2 & 3 of the Criminal Procedures Code. He requested the court that a receiver be appointed who would receive and deposit in the government’s treasury the revenue collected from the properties.