NAB acquires new documents on Sharifs' Avenfield properties

ISLAMABAD: The National Accountability Bureau (NAB) has acquired new documents from London which state that the Sharif family’s London apartments were transferred to the possession of offshore companies Nielson and Nescoll in 1993-1995.
According to NAB official, the Avenfield properties were transferred to the offshore companies at the time when Nawaz Sharif’s children, Hussain and Hasan, were young and did not have any source of income.
Therefore, they cannot be considered owners of the properties and thus the former premier was their real owner.

The Avenfield properties reference is among three cases filed against Nawaz and his family by NAB in 2017 on the Supreme Court’s directives.

In various statements, Nawaz has said the Avenfield properties were transferred in the name of the companies in 2005-2006 and that they belonged to his children.

The hearing of the Avenfield properties case is presently under way in the accountability court of Islamabad.