Search

x
Join our whatsapp channel for News Updates

Hassan Nawaz owns 17 properties, NAB court told

12:33 PM | 8 Nov, 2018
Hassan Nawaz owns 17 properties, NAB court told
ISLAMABAD -The last prosecution witness and investigation officer in the Flagship reference has revealed that Hassan Nawaz was the owner of 17 flats and properties in the name of his 18 companies.

Testifying before the accountability court on Wednesday, Investigation Officer Mohammad Kamran also submitted some relevant documents with defence counsel Zubair Khalid raising objections to the submission of the documents saying, they were not admissible under the law of evidence.

The witness testified before the court that he visited the United Kingdom to pursue the requests forwarded by the National Accountability Bureau (NAB) and the Joint Inves­tigation Team (JIT) for mutual legal assistance and an application was submitted to the Companies House to obtain addresses of the companies owned by Mr Hassan.

The official highlighted that Pakistan High Com­mission in the UK provided them with some important documents related to the business of Mr Hassan.

'In 2001, the total value of the former prime minister’s assets was Rs12.76 million and that of Hussain Nawaz’s assets was Rs33.8 million, while the total value of assets of Mr Hassan was Rs4.36 million,' he revealed before the judge Arshad Malik.

The accountability court adjourned the proceedings as Mr Kamran is yet to conclude his statement. The court after recording his complete testimony would record the statement of the former prime minister in Flagship and Al-Azizia references.

The accountability court is required to conclude the proceedings in both Flagship and Al-Azizia references by Nov 17 as per the final deadline granted by the apex court.

As many as three references have been filed against the former premier in line with the directives of the supreme court in the Panama Papers case verdict.

The elder Sharif was sentenced to ten years in prison by the accountability court judge Muhammad Bashir, in the Avenfield reference, however, the conviction was suspended by a two-member bench of the Islamabad High Court.

Besides Flagship reference, another reference regarding the Al-Azizia steel mills has also been filed by the accountability watchdog against the members of the former ruling family including Nawaz Sharif.

The writer is a civil servant.

Advertisement

Currency Rates in Pakistan Today - Pakistani rupee to US Dollar, Euro, Pound, Dirham, and Riyal - 19 April 2024

Pakistani currency saw minor adjustment against global currencies on April 19, 2024. US dollar was being quoted at 277.4 for buying and 280.4 for selling.

Euro comes down to 293 for buying and 296 for selling while British Pound stands at 342.25 for buying, and 345.65 for selling.

UAE Dirham AED was at 75.2 and Saudi Riyal's new rates was at 73.30.

Today’s currency exchange rates in Pakistan - 19 April 2024

Currency Symbol Buying Selling
US Dollar ‎USD 277.4 280.4
Euro EUR 293 296
UK Pound Sterling GBP 342.25 345.65
U.A.E Dirham AED 75.2 75.9
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 181 182.8
Bahrain Dinar BHD 740.09 748.09
Canadian Dollar CAD 201 203
China Yuan CNY 38.44 38.84
Danish Krone DKK 39.69 40.09
Hong Kong Dollar HKD 35.53 35.88
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.86 1.94
Kuwaiti Dinar KWD 902.64 911.64
Malaysian Ringgit MYR 58.08 58.68
New Zealand Dollar NZD 164.22 166.22
Norwegians Krone NOK 25.31 25.61
Omani Riyal OMR 722.87 730.87
Qatari Riyal ‎QAR 76.45 77.15
Singapore Dollar SGD 204.5 206.5
Swedish Korona SEK 25.31 25.61
Swiss Franc CHF 305.08 307.58
Thai Bhat THB 7.56 7.71

Advertisement

Follow us on Facebook

Follow us on Twitter

Sign up for Newsletter