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NAB court issues non-bailable arrest warrants against Ishaq Dar
NAB court issues non-bailable arrest warrants against Ishaq Dar
Last Updated at: 8 month(s) ago

Islamabad: The accountability court has on Tuesday issued non-bailable arrest warrants against Finance Minister Ishaq Dar in assets beyond means reference, and adjourned the hearing till November 21.

The court, headed by Judge Muhammad Bashir, also issued a show-cause notice to Ishaq Dar’s guarantor Ahmed Ali Quddusi.

The court has adjourned the hearing till November 21.

Earlier in the morning, the case was postponed till 12:30 PM as the investigation officer could not reach the court on time. The National Accountability Bureau (NAB) prosecutor told the judge that the officer was coming from Lahore, and was late due to fog.

Ahmed Ali Quddusi was also present in the courtroom, and the judge asked him about the arrival of Ishaq Dar. Quddusi told that the minister will fully recover in three to six weeks.

Judge Muhammad Bashir commented that have three weeks not passed yet? Three to six weeks were mentioned in the medical report that was submitted on November 6, the judge remarked.

It is worth mentioning here that the accountability court had turned down Ishaq Dar’s plea to get exemption from appearance on medical grounds during the previous hearing.

The court had further ordered to confiscate Ishaq Dar’s surety bonds worth five million rupees if he failed to appear in the next hearing, and had decided to sustain his bailable arrest warrants.

The minister had requested the court to continue the case by appointing a legal representative for him. A fresh medical report of Dar was submitted in the court by his counsel Ayesha Hamid. The lawyer had told that Ishaq Dar underwent angiography and his echocardiography is yet to be done.

The finance minister had already skipped the previous three hearings on account of medical treatment. He is accused by the National Accountability Bureau (NAB) of possessing assets disproportionate to his declared sources of income.

Ishaq Dar's assets
The court is also expected to take up tomorrow NAB's plea to freeze Dar's assets. The bureau froze the assets after its chairman ordered to do so on October 18 but it needs the court's endorsement as according to NAB laws, the order is only valid for 15 days.

NAB is seeking the freezing of Dar's six bank, properties and vehicles in Pakistan and the United Arab Emirates as well as investments in both countries.

NAB has listed the properties and assets of Dar as follows: A house in Gulberg, Lahore, a two-kanal plot in Parliamentarians Enclave, Islamabad, a two-kanal plot with Ayaz Builders (Pvt) Ltd, a plot in Senate Cooperative Housing Society, Islamabad, a two kanal and 19 marla plot in the name of Mrs Tabassum Dar, three plots in Alflah Housing Society, Lahore owned by Dar, his wife and son Ali Mustafa Dar and six acres in Mouza Milot owned by him and his wife.

In the list of foreign properties and assets, the NAB mentioned a flat in Emirates Hills Dubai, owned by Dar, an apartment in Palm Jumairah Dubai, a 2003 Bentley Arnage car, a 2006 Mercedez, two sets of shares/investment in Baraq Holdings (Pvt) Ltd and shares/investments in Al-Nahayan owned by Ishaq Dar.

The list of cars in Pakistan include a 2004 Land Cruiser owned by Mrs Dar, a 1999 Land Cruiser, a 2004 Toyota Corolla, a 1998 Mercedez Benz, a 2008 Mercedez and a 2014 Land Cruiser.

Moreover, Dar and his wife have made an investment of Rs3,453,060 in Hajveri Holdings (Pvt) Ltd and Rs2,700 shares by in Sui Northern Gas Pipelines Ltd.

NAB, in its application, has informed the court of serious apprehensions that the accused, his dependents/benamidars might dispose of, alienate, sell, create charge or change the status of the properties/investments.

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