minister
Pakistan

Secret deed is the key in determining the ownership of London flats

ISLAMABAD: The National Accountability Bureau (NAB) considers that the content of a secret deed  is the key in determining the ownership of the Park Lane Flats. The secret deed was done by Sharif family and Al-Towfeeq Trust. Its secret document available in London but not for public.

Both parties reached an agreement through which an issue of loan default by the Hudabiya Paper Mills was settled. However, the plaintiff (Al-Towfeek Investment Fund) and defendants (Sharif family) agreed to keep the deed secret, which was endorsed by the court.

“The deed is sealed and not available for public scrutiny in the United Kingdom and the accused persons, during proceedings of the [Panama Papers case] JIT did not give their consent for disclosure of the said deed. By executing this settlement deed the accused persons cleared the liability of Al-Tofeek Investment Fund and got their prosperities released from the said charging order by way of draft consent order available at page 189-90, Volume-IV of JIT report,” revealed NAB’s Interim Investigation Report clubbed with references filed against ousted prime minister Nawaz Sharif, his sons Hussain and Hasan Nawaz, daughter Maryam and son-in-law MNA Capt (retd) Mohammad Safdar.