NAB transfers seized Rs.500m Ishaq Dar’s accounts into exchequer

Former Finance Minister Ishaq Dar

Former Finance Minister Ishaq Dar

Lahore … News Time

The National Accountability Bureau (NAB) has recovered Rs 50 crore from the bank account of former finance minister Ishaq Dar and deposited it in the national exchequer. According to sources, NAB also launched a money laundering probe against the former minister who is absconding. The official said that the money was recovered from Ishaq Dar’s accounts, which were deposited in the National Treasury on Tuesday. He also said that the Bureau has received credible evidence regarding money laundering of former PML-N finance minister. Therefore, the NAB has launched a routine investigation against it.

Earlier on Saturday, Lahore’s district administration had taken over the management of 5-Kanal houses in the Gulberg area of ​​Ishaq Dar, facing corruption reference for over-the-counter assets. As they are fugitive in corruption reference, all the real and immovable properties of Ishaq Dar, including 3 plots in Al-Falah Housing Society, Lahore. 6 acre plot in Islamabad, 2 Kanal plot in Parliamentary Enclave, one plot of Senate Cooperative Housing Society, in Islamabad, a 2 kanal and 9 Marla plot and 6 vehicles were each attached to the NAB application.

Remember that Ishaq Dar was declared a fugitive by the Accountability Court in 2017 he was unable to attend the hearing because of treatment in London and has been there ever since. On the other hand, the NAB team raided the Cavalry Ground and Gulberg offices of PML-N President Shahbaz Sharif for investigating money laundering and over-the-counter assets against Hamza and Salman Shahbaz. NAB has reportedly collected evidence from the PML-N’s headquarters as a result of both raids. Moreover, the PML-N vice president Maryam Nawaz also has to appear in NAB Lahore today in connection with money laundering and Chaudhry Sugar Mills.


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