NAB releases details of Shahbaz Sharif’s assets in UK

Syed Umarullah HussainiWeb Editor

09th Oct, 2020. 12:26 pm
shahbaz sharif

The National Accountability Bureau (NAB) has released details of flats bought in London by Leader of the Opposition and Pakistan Muslim League Nawaz PML-N President Shahbaz Sharif during his exile.

According to a document released by the NAB, Shahbaz Sharif bought four flats worth more than one million pounds in the UK during his exile.

As per NAB, PML-N President Shahbaz Sharif took loans from various businessmen, Barclays Bank,  Asma Dar, and others.

NAB revealed that a flat was bought in London in 2005 by Shahbaz Sharif worth more than 235,000 pounds.

For the flat, 75,000 pounds was borrowed from a businessman and more than 0.1 million pounds from Barclays Bank.

According to the document, the second flat was bought in London in 2007 for 160,000 pounds. To buy the flat, Shahbaz Sharif borrowed 16075 pounds from a businessman and 143,000 pounds from Barclays Bank.

NAB documents stated that the third flat was purchased in 2007 for 650,000 pounds, for which the PML-N President borrowed 40,000 pounds from a businessman and 547114 pounds from Barclays Bank.

Shahbaz Sharif bought the fourth flat in London in 2009 for 286,000 pounds during his exile, for which the businessman lent him 2230,607 pounds.

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