NAB starts seizing Ishaq Dar’s accounts, assets


–IO informs court that Punjab govt has seized former finance minister’s house in Lahore’s Gulberg area, bank accounts containing Rs500.8m

–Govt has also auctioned Dar’s six acres of land in Malakot, Islamabad 


ISLAMABAD:  The National Accountability Bureau (NAB) on Wednesday submitted a progress report to the accountability court on the auction of former finance minister and Pakistan Muslim League-Nawaz (PML-N) leader Ishaq Dar’s assets.

The court had earlier ordered the provincial government to either seize or auction Dar’s assets over his failure to appear in court in a case pertaining to assets beyond known sources of income.

Investigation officer Nadir Abbas told the court on Wednesday that NAB has given details of Dar’s bank accounts and assets to the Punjab government. According to the report, the government had seized the former finance minister’s bank accounts holding more than Rs 500.8 million.

“The provincial government has also seized Dar’s house in Gulberg 3, Lahore, while six acres of land in Malot, Islamabad were sold before an investigation into the case began,” the report added.

It added that Dar’s house was also raided to take legal custody of his vehicles but none were to be found and a search for them is underway.

Three plots belonging to Dar in a housing society were also seized on court orders in December 2017.


A reference against the former finance minister was filed by NAB in light of the Supreme Court’s July 28 verdict in the Panama Papers case.

In its reference, NAB had alleged that “the accused has acquired assets and pecuniary interests/resources in his own name and/or in the name of his dependents of an approximate amount of Rs831.678 million (approx)”.

The reference alleged that the assets were “disproportionate to his known sources of income for which he could not reasonably account for”.

Dar, a former senator, has been in London since October last year on account of his medical treatment. Moreover, a reference against the former finance minister was filed by the NAB in light of the Supreme Court’s July 28 verdict in the Panama Papers case.

Dar had earlier been declared a proclaimed offender by the accountability court due to his continuous absence from the proceedings.

In November 2017, then-prime minister Shahid Khaqan Abbasi had accepted Dar’s request to be relieved of his duties as the finance minister.