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GOVERNMENT OF PAKISTAN NATIONAL ACCOUNTABILITY BUREAU, LAHORE NAB COMPLEX, THOKAR NIAZ BAIG, LAHORE Ph :042-99232654 Fax: 042-99232704 SAY NO TO CORRUPTION
LAHORE
No. 1(61)HQ/974/IW-11/NAB-L November, 2019
,l.,(
Subject:
Investigation against Shahbaz Sharif (Ex- CM Punjab), Hamza Shahbaz SharifI Suleman Shahbaz Sharif and Others (Assets Disproportionate to Known Sources of Income and Money Laundering) - Freezing of Properties U/s 12 of NAO 1999
ORDER
1.
An Investigation against accused Shahbaz Sharif (Ex- CM Punjab) ,
Hamza Shahbaz Sharif, Suleman Shahbaz Sharif and Others for offence(s) of corruption & corrupt practices as defined under section 9(a) punishable under section 1O of National Accountability Ordinance, 1999 read with section 3 of Anti Money Laundering Act, 201 O and schedules thereto was authorized vide letter No.1(61)HQ/974/NAB-L dated 04.04.2019. During the investigation it revealed that accused Mian Muhammad Shahbaz Sharif, Muhammad Hamza Shahbaz Sharif, Suleman Shahbaz Sharif and Mrs. Nusrat Shahbaz Sharif have acquired shares and / or have beneficial interests in M/s Chiniot Power Ltd. having its registered office at 91-F, Model Town, Lahore, in their own names as well as in the names of their relatives / benamidars / associates. M/s Chiniot Power Ltd. Name of Shareholder Suleman Shahbaz Sharif
2.
I No. of Shares I 170,863,600
Having examined the evidence so far collected during investigation, I find
that there are reasonable grounds for believing that the accused have committed the aforesaid offences. I, therefore, order that aforesaid shares of accused persons and any financial / monetary benefits or any other interest arising out of the above mentioned shares; and any other financial / monetary benefit, right, title of aforesaid persons and their associates / Benamidars in the aforesaid company be frozen u/s 12 of NAO, 1999, in order to, amongst others, prohibit the delivery of any benefit to the accused and their relatives / benamidars / associates arising out of aforesaid company. a. The Company Secretary / CFO of aforesaid company shall ensure that no monetary / financial or any other benefit of any kind in the form of dividend, loan, salary, asset, or any other form is given to the accused persons or their Benamidars / associates named hereinabove or anyone on their behalf from the said company except through bank transfers / cheques into the following
designated bank accounts of the accused persons. Following bank accounts shall also remain frozen as attached under section 12 of NAO, 1999 till the disposal of the Reference by the Learned Accountability Court. i.
Muhammad Hamza Shahbaz Sharif Account No. 10190014348601 Habib Bank Limited , New Muslim Town Branch , Lahore
ii.
Suleman Shahbaz Sharif Account No. 10190014349401 Habib Bank Limited, New Muslim Town Branch , Lahore
iii.
Mrs. Nusrat Shahbaz Sharif Account No. 10190014350601 Habib Bank Limited, New Muslim Town Branch , Lahore
3.
Mr. Muhammad Farooq Azam, Deputy Director, NAB is, hereby,
appointed as Monitoring Officer. He shall have all such powers to examine the affairs of the company which include but not limited to seek reports from the Management of the company, to have access to the record and assets of the company, or any other material in order to perform the functions of financial monitoring. The said Officer may hire the services of a Financial Consultant / Chartered Accountant to perform his duties as required under this freezing order. 4.
This order shall remain in force for a period of 15 days, within which
application will be filed in the Court of the learned Administrative Judge, Accountability Courts, Lahore for its confirmation as required u/s 12 of NAO, 1999.
C Copy To: i. ii. iii. iv. v. vi. vii.
The Chairman, SECP, Islamabad Mian Muhammad Shahbaz Sharif Muhammad Hamza Shahbaz Sharif Suleman Shahbaz Sharif Mrs. Nusrat Shahbaz Sharif The Chief Financial Officer - M/s Chiniot Power Ltd. The Company Secretary - Mis Chiniot Power Ltd.
Shahzad Saleem Director General NAB Lahore
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