Details on Zardari’s illegal assets to be submitted in Pak SC - India News and Travel Times Provides India-centric and other News and Features

Pakistan’s National Accountability Bureau (NAB) is set to submit details of President Asif Ali Zardari’s illegal assets, worth 1.5 billion dollars before the Supreme Court on Monday. The Dawn quoted the NAB, as alleging that Zardari had accumulated these assets through ‘illegal means’. However, Zardari denied that he owned any illegal assets. Sources said that Zardari’s illegal assets had been confiscated by NAB, but they were de-frozen within days of the promulgation of the National Reconciliation Ordinance (NRO) in 2007. Presidential spokesman Farhatullah Babar confirmed that Zardari had taken back all his frozen assets through courts after the NRO was implemented. The NAB had filed nine cases against Zardari, which includes allegation that assets worth 66 million dollars were still held by a Swiss Court after they were frozen in SGS-Cotecna pre-shipment inspection case. So far, NAB has spent millions of rupees to investigate several cases filed against PPP leaders but failed to prove any of them. According to Pakistan’s High Commissioner in the UK, Wajid Shamsul Hassan, the NAB spent over 660 million rupees only on cases of PPP leaders tried in Swiss Court.