Court orders SECP to freeze Hussain, Hassan Nawaz’s assets

The Accountability Court has started the process of freezing assets of former Prime Minister Nawaz Sharif’s sons Hassan and Hussain Nawaz, in six companies for their repetitive failure to appear before the court regarding the corruption references filed against them by the National Accountability Court (NAB).

The Accountability Court on Tuesday had ordered Securities & Exchange Commission of Pakistan (SECP) to freeze Hassan and Hussain Nawaz’s shares in six companies.

The court issued these orders during the case hearing against Sharif’s sons. A National Accountability Bureau’s (NAB) prosecutor Afzal Qureshi, had submitted reports regarding shares of Hassan and Hussain in six companies, local media reported.

The accused, Hassan and Hussain have been ordered to appear before the court on next hearing. If they fail to appear before court on due date, they will be declared proclaimed offenders.

Earlier, both sons of Nawaz Sharif’s had been declared as ‘absconder’ and had been issued non-bailable warrants after they failed to present themselves in court despite repetitive summon from the court regarding corruption references filed by (NAB).

The corruption references were prepared in light of the July 28 judgment of the Supreme Court in the Panama Papers case.

The hearing had been adjourned to November 14.