Report suggests Nawaz Sharif’s London property is worth £32mn

The total value of properties of former Prime Minister Nawaz Sharif and his family in UK is estimated at 32 million pounds, revealed Daily Mail.

The British daily revealed that the Avenfield House is where Sharif has lived when in London since 1993. He shares this property with his two sons Hassan and Hussain, his daughter Maryam and son-in-law Captain (retd) Safdar.

“The family has made huge profits from other sites, which have not figured in court such as the swankiest address of all, at One Hyde Park Place, which Nawaz Sharif’s son Hassan sold for £43 million,” the report claims.

List of properties in London

1. Avenfield Mansion – £7 million
2. Drake House, Saint George Wharf, London – £800,000
3. Cadogan Square, London – £2.4 million
4. Duke Street mansion – £2.1 million
5. Eaton Place, London – £7 million
6. Eaton Square, London – £3 million

While it is legal to own property using an offshore company, the Sharif family has, however, yet to prove how the properties were bought. They face charges that they brought the flats with laundered funds gathered during the time when Sharif was in power in Pakistan.

Meanwhile, the verdict of Avenfield reference is likely to be announced this week. If found guilty, the Sharif family's assets will be seized while they will also face fines and jail sentences.