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LNG Scandal: NAB freezes assets of Shahid Khaqan and Miftah Ismail

Syed Umarullah HussainiWeb Editor

21st Jul, 2020. 02:13 pm
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Anti Graft body, National Accountability Bureau (NAB) has frozen the assets of former prime minister Shahid Khaqan Abbasi and former finance minister Miftah Ismail.

As per details,  after the freezing of assets of both Pakistan Muslim League-Nawaz (PML-N) leaders, they will not be able to transfer ownership of vehicles and property.

The accountability watchdog has also stopped transfer of already sold vehicle of Shahid Khaqan Abbasi.

On the other hand, the accountability court has reserved its decision on plea of Shahid Khaqan Abbasi to allow transfer of the vehicle.

Earlier, The Islamabad High Court (IHC) granted bail to former finance minister Miftah Ismail and former prime minister Shahid Khaqan Abbasi in the Liquefied Natural Gas (LNG) case.

LNG Case

Former prime minister, Miftah Ismail, ex-PSO MD Imranul Haq and others are facing charges of corruption over awarding a LNG import contract allegedly at exorbitant rates in 2015, which caused a big loss to the national exchequer.

In June 2018, the NAB approved inquiry against former premier Nawaz Sharif and Abbasi, who was the former minister for petroleum and natural resources at that time, in granting contract of LNG terminal for 15 years to their ‘favourite’ company.

This contract had allegedly caused a loss of billions of rupees to the national exchequer.

In January, the NAB interrogated former finance minister Miftah Ismail in the same case.

On February 26 this year The Islamabad High Court (IHC) has ordered to release Former Prime Minister Shahid Khaqan Abbasi in Liquefied Natural Gas LNG Case.

The IHC grants bail to Shahid Khaqan Abbasi in LNG Case..

The bench has ordered Khaqan Abbasi to submit surety bonds of Rs10 million for bail.

During the hearing on bail petition in IHC, NAB told that a reference against Abbasi has already filed in the accountability court.

The bureau further requested to reject the bail plea of PML-N leader and submitted a reply comprising 24 pages in the court.

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