Nawaz, his family hide ownership of London properties: NAB

 
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ISLAMABAD, June 7 (TNS): National Accountability Bureau Deputy Prosecutor Sardar Muzaffar Abbasi told accountability court that Nawaz and his family hid their ownership through offshore companies.

An accountability court resumed Thursday hearing National Accountability Bureau Deputy Prosecutor Sardar Muzaffar Abbasi concluding arguments in the Avenfield reference against the Sharif family on third consecutive hearing.

“Nawaz Sharif is the actual owner of the London flats,” Abbasi said, adding that there are no records to show that bearers shares were transferred from Prince Sheikh Hamad Bin Jassim Bin Jaber Al-Thani to Hussain Nawaz.

Former Prime Minister Nawaz and his family members are facing three corruption references in the accountability court — Avenfield Properties, Al-Azizia Steel Mills and Flagship Investments — in which they are accused of money laundering, tax evasion and hiding offshore assets.

Regardless, the Joint Investigation Team, which was formed to probe Nawaz’s assets following apex court verdict, tried to record the statement of the Qatari prince. The NAB prosecutor denied the allegations that the Qatari prince was threatened.