LAHORE: An accountability court on Tuesday granted a 14-days physical remand of Shehbaz Sharif to NAB in assets beyond means and money-laundering cases.

The court also directed the NAB to produce him again on October 13 after completing investigation and submitted a report including his statement and details of report submitted by Shehbaz before the court about his performances.

The NAB had arrested the PML-N president Shehbaz from the Lahore High Court on Monday after his bail plea was rejected.

Shehbaz denied any wrongdoing and argued his case himself before the court. The court however accepted NAB's request for his custody ordered for Shehbaz to be presented in the court again on next hearing.

The NAB has claimed in the reference submitted before the court that the assets of Shehbaz's family were increased from Rs 2 million to Rs7 billion in the last 30 years, which they have failed to justify. It said that in 1990, the opposition leader's declared assets were worth Rs 2.121 million which had grown to Rs 7,328 million by 2018.

The NAB said that in the year 1990, Shehbaz had declared his net assets at Rs 2.121 million, whereas his net assets (including the assets of his minor children) had increased to Rs14.865 million in the year 1998.

The NAB alleged in the reference that the PML-N president, in connivance with his co-accused family members, benamidars, front men, close associates, employees and money changers, developed an organised system of money-laundering for the accumulation of assets disproportionate to his known sources of income to Rs 7,328 million.

PML-N President Shehbaz Sharif talking to media after outside the court said that the "nexus" between the National Accountability Bureau (NAB) and Prime Minister Imran Khan has failed and his party will fight it.

Scores of PML-N workers were presented outside the court to support the party president..

Copyright Business Recorder, 2020