Thursday, January 27, 2022
Live-TV(PK) Live-TV(UK) Newspaper اُردُو نیوز
اُردُو نیوز Newspaper
Live-TV(PK) Live-TV(UK)

IHC to hear NAB appeal against acquittal of Nawaz Sharif in Flagship reference today

IHC to hear NAB appeal against acquittal of Nawaz Sharif in Flagship reference today
September 21, 2021 Web Desk

ISLAMABAD (92 News) – The Islamabad High Court (IHC) will hear the appeal of the National Accountability Bureau (NAB) against acquittal of PML-N Quaid Mian Nawaz Sharif in the Flagship reference toda.

A two-member bench headed by Justice Aamer Farooq will hear the case. The NAB has requested the court to nullify the acquittal of Nawaz Sharif.

On December 24, 2018, Accountability Court Judge Arshad Malik had acquitted Nawaz Sharif in the Flagship Investment and other offshore companies.

In the Flagship reference, the NAB had claimed that Sharif and his sons set up Flagship Investment Limited and 15 other companies and used these companies 'to manage/acquire expensive properties/any movement of funds to hide the real sources of funds.'

The other 15 companies include Flagship Investments Limited, Hartstone Properties Limited, Que Holdings Limited, Quint Eaton Place 2 Limited, Quint Saloane Limited [formerly Quint Eaton Place Limited], Quaint Limited, Flagship Securities Limited, Quint Gloucester Place Limited, Quint Paddington Limited [formerly Rivates Estates Limited], Flagship Developments Limited, Alanna Services Limited (BVI), Lankin SA (BVI), Chadron Inc, Ansbacher Inc, Coomber Inc, and Capital FZE (Dubai).

The 16 companies, according to the NAB, were established in Britain (British Virgin Island) and Dubai in 2001. Nawaz Sharif was named as the main suspect for the offshore company in Dubai, known as Capital FZE.

According to the documents presented before the court, Flat '12-A' in Mayfair Apartments is also part of the Flagship Investment Limited’s property.

According to the documents attested by United Kingdom’s Land Registry Department, Hassan Nawaz established Flagship Investment Limited Company in 2001 and the address mentioned in those documents is of Park Lane Field.