LAHORE: Former prime minister Nawaz Sharif was handed over to the National Accountability Bureau (NAB) on Friday on 14-day physical remand in the Chaudhry Sugar Mills case.
Strict security measures have been put in place, with routes leading to the accountability court being closed ahead of the PML-N leader’s appearance.
Upon the appearance of Nawaz in court, the court was asked whether the former prime minister had been shown an arrest warrant at the time of his arrest, to which the investigation officer responded in the affirmative.
The NAB prosecutor told the court that in 2016, Nawaz Sharif had the highest number of shares as a shareholder in Chauhdry Sugar Mills and Shamim Sugar Mills. The former was established in 1992.
The NAB prosecutor further told the court that in 1992, Nawaz was the owner of shares worth 43million. Maryam Nawaz, Shehbaz Sharif and others were shareholders. “Nawaz did not say how many shares he owned in 1992. He was provided with Rs15.5 million from a foreign company,” he told the court.
NAB said, the accused committed money-laundering for purchasing shares in the Chaudhry Sugar Mills. Nawaz’s daughter Maryam is also on judicial remand in the same jail in connection with Chaudhry Sugar Mills case. Nawaz’s nephew Yousaf Abbas is at Camp Jail on judicial remand in the same case.
NAB Lahore arrested Nawaz after taking permission from an accountability court to investigate him in the Kot Lakhpat jail.
NAB Lahore, through its prosecutor Hafiz Asad, pleaded with an accountability court that the accountability watchdog wanted to interrogate Nawaz in the Chaudhry Sugar Mills case. The prosecutor stated that Nawaz could not appear in the NAB office as a prisoner; therefore, the court should allow the bureau to investigate him in jail. He argued that the bureau had found some documents proving that Nawaz was a direct beneficiary of Chaudhry Sugar Mills.
The court, after hearing NAB prosecutor and witnessing the documents presented by NAB, allowed the bureau to investigate Nawaz in jail. If the court allowed physical custody, Nawaz would be shifted to the NAB Lahore office, sources added.
