ISLAMABAD: The defence counsel for former prime minister Nawaz Sharif in the Flagship Investment reference on Tuesday sought some time from the accountability court for a rebuttal after the National Accountability Bureau (NAB) prosecutor completed his final arguments in the last reference against the supreme leader of the main opposition party.
Winding up the arguments, the NAB prosecutor informed the court that Mr Sharif had been receiving AED10,000 from Capital FZE between 2006 and 2013. He said the Sharif family was given the first opportunity in the Supreme Court to explain holding of their property. The Joint Investigation Team (JIT) constituted by the SC in the Panama Papers case was the second forum where they could justify their assets whereas another chance was given to them by the investigation officer when he summoned them before the filing of application. The family could not justify their assets despite being given multiple opportunities, he added.
The prosecutor said the Sharif family took plea before the apex court that while they were in exile, Mian Mohammad Sharif, the ex-PM’s father who passed away in 2004, managed AED5.4 million for Hussain Nawaz and AED4.2 million for Hassan Nawaz so that they could establish their businesses in the UK and Saudi Arabia.
About money trail, the Sharif family explained that it was taken out of the AED12 million that the late Mian Sharif had invested with the Qatari royal family, the prosecutor said, adding that Qatari Prince Sheikh Hamad bin Jassim bin Jaber Al-Thani never appeared before the JIT to verify the details.