RAWALPINDI: An accountability court on Thursday rejected the National Accountability Bureau’s request to reopen investigation into Ittefaq Foundries case against Sharif family.
The court acquitted Prime Minister Nawaz Sharif, Punjab Chief Minister Shahbaz Sharif, the Sharif family and current Finance Minister Ishaq Dar those were nominated in the case.
Accountability court Judge Sohail Nasir heard the case and stated that the case against the foundry was based on political revenge and that there is no dispute between the Sharif family and the National Bank of Pakistan (NBP).
It is important to mentions here that NAB filed the reference in 2001 during the era of former President Pervaiz Musharraf.
According to the NAB’s reference, on December 10, 1999, Zonal Chief and Manager National Bank Wapda House Lahore sent a complaint to the chairman NAB against Sharif family. He had further stated that since 1994, the company was in default to the NBP to the tune of 1.06 billion approximately.
The complainant stated that the incumbent prime minister on June 11, 1998, announced to hand over his assets to the creditor Banks to realise the loans of Sharif Family by selling them.
