Assets, bank accounts frozen in £190 million corruption scandal
- Web Desk
- Jan 09, 2024
ISLAMABAD: In a significant development, the Accountability Court of Islamabad has issued a freeze order on the assets and bank accounts of several individuals implicated in a high-profile 190 million pounds’ corruption case. The accused, including Shahzad Akbar, Farah Gogi, and Zulfi Bukhari, now face a legal clampdown on their financial holdings.
Judge Muhammad Basheer, presiding over the Accountability Court, issued the freeze order, targeting not only Shahzad Akbar, Farah Gogi, and Zulfi Bukhari but also other prominent figures such as Malik Riaz, Ali Riaz, and lawyer Zia-ul-Mustafa Naseem. The move comes as part of the court’s efforts to tackle corruption at a significant scale.
The Accountability Court has taken a stringent stance by also issuing permanent arrest warrants for the accused. Furthermore, instructions have been given to seize vehicles registered in the names of the accused, with Excise and Taxation officers mandated to carry out the vehicle seizures promptly.
The court’s reach extends beyond movable assets, as it has ordered revenue officers across the country to seize the immovable properties of the accused. Simultaneously, commercial banks have been directed to freeze the accounts of the implicated individuals, thereby preventing any transactions or capital withdrawals.