ISLAMABAD: An accountability court in Islamabad on Tuesday ordered the Securities and Exchange Commission of Pakistan (SECP) to affix the shares owned by former prime minister Nawaz Sharif’s sons: Hussain and Hassan Nawaz, Aaj News reported.
With the attachment, the shares held by the Sharif sons will not only be freeze but they will also become a part case record and will remain in the court’s custody.
If the court rules against the accused in the corruption references filed against them by the National Accountability Bureau (NAB), the shares will be auctioned off.
According to the report, the duo holds shares in six companies in Pakistan, as per SECP records.
The court had declared Hassan and Hussain proclaimed offenders earlier this month for repeatedly failing to appear before the court in connection with the references.
Ousted PM Sharif and his sons – Hussain and Hassan – have been named in three corruption references, while his daughter Maryam Nawaz and her husband retired Captain Safdar has been named in single graft reference related to the family’s London flats.