NAB to file four references in ACs under verdict on Panama case

ISLAMABAD: National Accountability Bureau (NAB) on Monday decided to file four references in Accountability Courts of Islamabad and Rawalpindi in compliance of Supreme Court's judgment regarding Panama case on July 28.

The references would be filed in stipulated time period of six weeks from date of judgment.

This was decided in an Executive Board Meeting of NAB which was held here at its Headquarters.

The references will be prepared on basis of material collected and referred by Joint Investigation Team (JIT) in its report and some other material as may be available with Federal Investigation Agency (FIA) and NAB having nexus with assets in below mentioned cases or which might subsequently become available including material that may become available in pursuant to Mutual Legal Assistance requests sent by JIT to different jurisdictions.

As per details, the first reference relating to Avenfield Properties (Flat No.16 and 16-A, 17 and 17-A Avenfield House, Park Lane, London, United Kingdom).

The second reference relating to establishment of Azizia Steel Company and Hill Metal Company.

The third reference relating to companies mentioned in paragraph 9 of the judgment and fourth reference relating to respondent No.10 for possessing assets beyond his known sources of income.

The concerned officers have been directed for an efficient and professional handling of entire process in laid down time limit.