Wednesday 18 January 2012

SC rejects NAB appeal against Sharifs’ assets


ISLAMABAD: The Supreme Court (SC) dismissed the National Accountability Bureau’s (NAB) appeal against Sharif brothers on Wednesday and ordered to release all their assets, Geo News reported.

A three-member bench headed by Chief Justice Iftikhar Muhammad Chaudhry was hearing the case and told that NAB cannot take hold of their property against the punishment.

The court told that Nawaz Sharif’s punishment is over and, therefore, NAB has no right to seize Sharif brothers’ property.

NAB Prosecutor General KK Agha appeared before the court and presented an agreement signed between Nawaz Sharif and the government.

Last year in December, NAB had appealed in the apex court to challenge the Lahore High Court’s (LHC) October 4, 2011 verdict for returning their asset where Agha told the court that NAB wanted to hold the property of Sharif brothers until the case was resolved.

Responding to which, Chief Justice Iftikhar remarked that NAB had no authority to hold the property until a reference could be presented against the Sharif brothers.

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