Court allows auctioning of Dar’s assets

News Desk , Bol News

04:56:14, Tuesday, October 02, 2018

An accountability court in Islamabad on Tuesday morning directed authorities to auction former finance minister Ishaq Dar’s movable and immovable assets and seize his bank accounts.

The decision came on an application filed by the National Accountability Bureau (NAB), seeking auction of Dar’s assets and asking the court to appoint a beneficiary of recovered amount.

The court said that the provincial government will be responsible for auction and empowered the provincial government to decide whether to sell or keep the seized assets.

Accountability court Judge Mohammad Bashir had earlier reserved his verdict on the NAB request and today ordered a compliance report regarding the seizure of three plots in Al-Falah Society and vehicles belonging to Dar.

The court remarked that action against Dar's assets abroad would also be deliberated on the basis of the law.

NAB presented in court today a report detailing Dar's assets, according to which three bank accounts in Pakistan are under his name, while three are held by his company, Hajveri Holdings Pvt Ltd.

 

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