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21 October 2017 Last updated 10 hours ago

NAB reference: Ishaq Dar to be indicted on Sep 27

  • Published in General
  • Last modified onMonday, 25 September 2017 09:28
Finance Minister Ishaq Dar Finance Minister Ishaq Dar

After arriving in Pakistan from London, Finance Minister Ishaq Dar appeared before the accountability court in Islamabad on Monday morning in a NAB reference pertaining to possessing assets beyond his known sources of income.

On the occasion, a heavy contingent of police were deployed around the court while media representatives were barred from entering the court premises.

Aslo Read: PM Abbasi departs for Pakistan, says Ishaq Dar is accompanying him

During the case proceeding, copies of NAB references were provided to the minister. The case hearing was adjourned till September 27 after Dar submitted surety bond worth one million rupees. He is likely to be indicted in the next hearing.

Also Read: PM Abbasi arrives in London to meet Nawaz

Dar arrived in Islamabad five days after the accountability court issued bailable arrest warrants following his failure to show up during proceedings in NAB references. The concerned authorities were ordered to present Dar before the court on September 25.

Also Read: Calls for Ishaq Dar's resignation echo in Senate finance committee

The court had also warned that non-bailable arrest warrants will be issued, if the minister failed to appear before the court.

Also Read: National Accountability Bureau reference: Arrest warrants issued for Ishaq Dar

On September 8, NAB had filed four corruption references against former prime minister Nawaz Sharif, his three children and Finance Minister Ishaq Dar in compliance with the Supreme Court order in the Panama Papers case.

Also Read NAB bars sale of ex-PM Nawaz Sharif's Jati Umra property

The reference against Ishaq Dar was submitted for possessing assets beyond his known sources of income.

The Panama joint investigation team (JIT) had reported unforeseen surge of 91 times from Rs9.11 million to Rs831.70 million in Ishaq Dar’s assets during years 2008, 2009 and existence of contradiction in the income earned and assets declared. Likewise, the report also pointed out conflict in Dar’s record submitted before Federal Board of Revenue (FBR) and his financial statements.

Aslo Read: Accountability court issues bailable arrest warrants for Ishaq Dar

Nawaz Sharif was ousted in July after the Supreme Court deemed him unfit to hold office for not declaring a small source of income, and ordered the National Accountability Bureau (NAB), to launch a criminal investigation into him, his family and Dar.

The corruption reference was filed by the NAB in light of the Supreme Court's July 28 judgment in the Panama Papers case.

Dar returned to the country last night from London along with Prime Minister Shahid Khaqan Abbasi.