Irony: Pakistan’s Finance Minister Can No Longer Manage His Own Finances

National Accountability Bureau (NAB) Lahore conducted a raid on Finance Minister Ishaq Dar’s residence yesterday.

The raid team failed to arrest the Minister as he wasn’t home.

According to Geo, a two man team from NAB conducted the raid at the Minister’s residence in Islamabad. They questioned the servants at his house and had an arrest warrant for Dar.

The officials also received arrest orders and summons for the servants, before they left the Minister’s house.

A spokesperson from NAB has denied all reports about the raid saying,

The team only went to Ishaq Dar’s residence to deliver the court notice. We request the media to not run unverified reports.

Background

Earlier on Wednesday, an accountability court issued arrest warrants (bailable) for the Minister. He did not appear for the court hearing of a corruption reference against him.

In a NAB reference filed at the accountability court, Ishaq Dar was accused of possessing assets higher than his declared sources of income.

Supreme Court had ordered this reference after the July 28th judgement of the Panama Papers case.

Court Proceedings

When the hearing began, the Minister’s protocol officer Fazal Dad appeared in front of the court and told the judge that Ishaq Dar was currently in London.

The prosecutor from NAB appealed that the court should issue arrest warrants against him to make him appear at the court. The court then issued an order for bailable warrants for Dar, and ordered for a Rs. 1 million bail bond submission.

Next hearing was adjourned for September 25th.

Frozen Assets

Court summons had been sent to the Minister’s Islamabad residence and his personal address in Lahore, according to sources from NAB.

NAB’s Lahore office had ordered all the banks in Pakistan to freeze Dar’s assets earlier on Wednesday.

Via Geo News

A techie, gamer, and Senior Editor at ProPakistani.


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