LAHORE: The National Accountability Bureau (NAB) team will present Pakistan Muslim League-Nawaz vice President, Maryam Nawaz and her cousin Yousaf Abbas before an accountability court on Wednesday (today), in a case related to Chaudhry Sugar Mills.
Maryam and Abbas will be presented before the NAB court as their 14 days remand has expired today.
Earlier on September 4, the physical remand of Maryam Nawaz and her cousin was extended by 14 days.
NAB had arrested Maryam and Yousaf on August 8.
Security has been put on high-alert across the Judicial complex to avoid any untoward incident, during the court appearance.
On Aug 23, sources within the anti-graft watchdog had claimed that the bureau will soon write to relevant banks and other institutions, asking them to freeze the movable and immovable assets owned by both the accused.
Chaudhry Sugar Mills case:
In a press conference, Special Assistant to the Prime Minister on Accountability Shahzad Akbar had said the Sharif Family had used Chaudhry Sugar Mills for money-laundering and illegal transfer of its shares.
During the probe, it was revealed that a $15 million loan was taken on the pretext to set up the mill despite the fact that it had already been established before the loan was acquired, the special assistant claimed. He had added that the loan was never transferred to Pakistan as shown by the record of the State Bank of Pakistan.
He had said more than Rs7 million worth of shares were transferred to PML-N vice president Maryam Nawaz in 2008 through mill’s shares, which were later transferred to Yousaf Abbas Sharif in 2010.
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