Shahbaz Sharif family’s pleas for unfreezing assets put off

LAHORE:An accountability court on Thursday sought arguments from the counsel of Shahbaz Sharif on November 7 on applications moved by the Shahbaz family seeking unfreezing of their assets.

Counsel of Shahbaz family Amjad Parvez didn’t appear before the court. However, a junior of Amjad appeared before the court and sought adjournment which was granted by the court till November 7. Previously, the National Accountability Bureau had submitted its reply in this regard. The NAB in its reply stated that the money-laundering investigations against Shahbaz Sharif, Salman Shahbaz, Hamza Shahbaz and others are under way. The NAB said Shahbaz made assets in the name of his wives. However, the family failed to disclose sources of their income. The NAB said it is mandatory according to the Finance Act and the Money Laundering Act to disclose sources of income.

On the other end, the Shahbaz family had moved the court against the NAB’s act of freezing their assets, arguing that it is illegal to freeze assets during the course of investigations.