NAB prepares to sell Dar’s Gulberg bungalow for further recovery of Rs 250 million

LAHORE: Making great strides in the case of assets beyond income, the National Accountability Bureau (NAB) Lahore has made all preparations to sell former minister of finance Ishaq Dar’s luxurious bungalow which was located in Gulberg, Profit learnt here on Wednesday.

The credible officials of NAB Lahore informed this scribe that the bungalow was stretched over four kanals of land having a market value of RS 250 million.

They added that the NAB Lahore also issued a letter to Deputy Commissioner (DC) Lahore for immediate sale of a luxury bungalow.

However, well maintained sources in NAB informed that when Dar’s property was confiscated, his wife claimed that the bungalow was given to her by Dar as a wedding gift.

Sources added that in fact all the papers of the bungalow were in Dar’s name and his wife could not produce any proof or paper to prove that the said Bangla Dar had gifted to her.

Later, a writ petition was filed by Dar’s wife against the sale of the said Bungalow to the Islamabad High Court in 2020 but the said writ No. 236/2020 was quashed by the Hon’ble Court last month.

On the other hand, the NAB officials informed that this would be the second major recovery of NAB from Dar in the case of assets in excess of income.

“Earlier, NAB Lahore had recovered RS 500 million from Dar’s account and deposited it in the national treasury,” they said.

It is pertinent to mention here that the Lahore Accountability Court had declared former minister Ishaq Dar an absconder in December 2017 for non-compliance in the corruption reference and the court had also issued orders to confiscate all the properties of the accused mentioned in the NAB reference.

Shahab Omer
Shahab Omer
The writer is a member of the staff and can be reached on [email protected]

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