Islamabad, July 31, 2017: A meeting of the Executive Board of National Accountability Bureau (NAB) was held on 31st July 2017 at NAB Headquarters.
The meeting was held in compliance of Honorable Supreme Court Judgment dated 28 July 2017 regarding the PANAMA Case. It was decided to file four references in the Accountability Courts of Islamabad/Rawalpndi in the stipulated time period of 06 weeks from the date of judgment. The references will be prepared on the basis of the material collected and referred by the Joint Investigation Team (JIT) in its report and some other material as may be available with Federal Investigation Agency (FIA) and NAB having nexus with the assets in the below mentioned cases or which might subsequently become available including material that may become available in pursuant to the Mutual Legal Assistance requests sent by JIT to different jurisdictions.
a) Reference relating to the Avenfield Properties (Flat No.16 and 16-A, 17 and 17-A Avenfield House, Park Lane, London, United Kingdom).
b) Reference relating to establishment of Azizia Steel Company and Hill Metal Company.
c) Reference relating to the companies mentioned in paragraph 9 of the judgment.
d) Reference relating to respondent No.10 for possessing assets beyond his known sources of income.
The concerned officers were directed for an efficient and professional handling of the entire process in the laid down time limit.