Accountability court indicts Nawaz Sharif in Flagship Investment reference

ISLAMABAD (Sarzameen News)- After getting charged in Azizia Steel Mills and Avenfield properties references, ousted prime minister Nawaz Sharif has also been indicted by accountability court in Flagship Investment Limited reference Friday.

During the proceedings headed by Justice Mohammad Bashir, the court declared ex-prime minister’s sons Hussain Nawaz and Hassan Nawaz as absconders in a reference regarding a dozen offshore companies in United Kingdom (UK) and United Arab Emirates (UAE).

The companies include Flagship Investments Limited, Hartstone Properties Limited, Que Holdings Limited, Quint Eaton Place 2 Limited, Quint Saloane Limited, Quaint Limited, Flagship Securities Limited, Quint Gloucester Place Limited, Quint Paddington Limited, Flagship Developments Limited, Alanna Services Limited (BVI), Lankin SA (BVI), Chadron Inc, Ansbacher Inc, Coomber Inc, and Capital FZE in Dubai.

According to the charge-sheet, the court was told that Nawaz’s sons were his dependents in 1989 and 1990. However, ex-PM submitted assets details for Hassan from 1990 to 1995.  It further read that Nawaz Sharif was chairman not shareholder of FZE Company that was formed in 2001 in United Arab Emirates whereas Flagship Company was launched in the same year in London.

Nawaz Sharif held important positions in public office including chief minister and prime minister and made assets by using his children’s names. Hassan and Hussain Nawaz had also failed to satisfy the authorities over their sources of income, it stated.

There is a contradiction in the statements of accused and evidence provided, the charge-sheet clarified.

The representative of Nawaz Sharif, Zaafir Khan, denied all allegations. The court has summoned Inland Revenue Service official Jahangir Ahmed as witness in the case and adjourned the hearing till October 26.

Earlier on Thursday, accountability court indicted ex-prime minister Nawaz Sharif, his daughter Maryam Nawaz, and son-in-law Capt (retd) Safdar in the NAB’s Avenfield reference against them while the ex-PM was also charged in Azizia Steel Mills reference afterwards.

The accused pleaded ‘not guilty’ to the charges and termed them as groundless, baseless and unfounded. The lawyer further said that the charges were being framed on a report that is incomplete and controversial.

On the other hand, Nawaz Sharif will be returning home on October 24. He said that there is no other example of such indictment given during absence.

Former PM declared the Joint Investigation Team (JIT) made to investigate Sharif family‘s London properties as biased.

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