Court orders SECP to freeze Hassan, Hussain Nawaz’s shares

An accountability court in Islamabad has ordered the Securities and Exchange Commission of Pakistan (SECP) to collect the data of shares held by former prime minister Nawaz Sharif's sons, Hussain and Hassan Nawaz, and attach it to case record.

Hearing a case against ousted prime minister Nawaz Sharif’s sons today, the court ordered Securities & Exchange Commission of Pakistan (SECP) to freeze Hassan and Hussain’s shares in six companies.

Once the documents are attached with the record, the shares will become part of case record and will remain in the court's custody. And, in case the court rules against the accused in the corruption references filed against them by the National Accountability Bureau (NAB), the shares will be auctioned off.

The court had declared Hassan and Hussain proclaimed offenders earlier this month for repeatedly failing to appear before the court in connection with the references.

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