NAB to freeze Shehbaz's assets

LAHORE: The National Accountability Bureau (NAB) Lahore on Monday decided to freeze industries belonging to family members of Leader of Opposition in the National Assembly Shehbaz Sharif in the assets beyond means case.
According to details, Chiniot Power Limited, Ramzan Energy Limited, Al-Arabia Sugar Mills, Crystal Plastics Private Limited, Sharif Dairy Farms Private Limited and Sharif Poultry Farms Private Limited are included in the industries ordered to be frozen in separate orders issued by the chief of NAB’s Lahore chapter.
NAB Lahore Director General Shahzad Saleem directed the authorities concerned, including the Securities and Exchange Commission of Pakistan (SECP), to implement the orders with immediate effect.
Shehbaz Sharif, his sons Hamza and Sulaiman, and wife Nusrat Shehbaz will not be able to receive any benefit from the aforementioned industries following the anti-graft body’s move.
Members of the Sharif family and their financial advisers were also given the copies of the directives.
In July, the anti-corruption watchdog had ordered to freeze all moveable and immoveable assets belonging to Shehbaz and his family members.–Agencies