Finance Minister Ishaq Dar. Photo: File

ISLAMABAD: Finance Minister Ishaq Dar will not appear before the accountability court hearing a corruption reference against him today as well, sources in the Finance Ministry informed Geo News. 

The minister is accused by the National Accountability Bureau (NAB) of possessing assets which are disproportionate to his declared sources of income.

Dar also did not appear before the accountability court in the last hearing of the case on November 2.  

The finance minister?s counsel will present his client?s medical reports in the court. The counsel will also request the court to adjourn Dar?s hearing. 

Last hearing

In the last hearing of the case, the accountability court approved the request by the NAB to freeze the assets of Dar.

A request by Dar to spend Rs0.6 million monthly from the accounts for personal expenses was also rejected by the court.

All accounts belonging to Dar, except those operated by accountant general revenue, were to be frozen after the court order.

The accountability court also ordered that the bailable warrants against the minister would continue as he did not appear in court.

The NAB team, as well as four witnesses ? all officials of various private banks ? were present in court.

Dar's counsel submitted the minister's medical certificate in court and sought an exemption from appearance. The minister's guarantor informed the court that Dar is in London for medical treatment.

After NAB Prosecutor Imran Shafique opposed the request and sought non-bailable arrest warrants, the court reserved its decision on the plea.

Ishaq Dar's assets

The bureau froze the assets after its chairman ordered to do so on October 18 but it needed the court's endorsement as according to NAB laws, the order is only valid for 15 days.

NAB was seeking the freezing of Dar's six bank, properties and vehicles in Pakistan and the United Arab Emirates as well as investments in both countries.

NAB has listed the properties and assets of Dar as follows: A house in Gulberg, Lahore, a two-kanal plot in Parliamentarians Enclave, Islamabad, a two-kanal plot with Ayaz Builders (Pvt) Ltd, a plot in Senate Cooperative Housing Society, Islamabad, a two kanal and 19 marla plot in the name of Mrs Tabassum Dar, three plots in Alflah Housing Society, Lahore owned by Dar, his wife and son Ali Mustafa Dar and six acres in Mouza Milot owned by him and his wife.

Court approves NAB request to freeze Dar?s assets

Finance minister is accused by NAB of possessing assets beyond his known sources of income

In the list of foreign properties and assets, the NAB mentioned a flat in Emirates Hills Dubai, owned by Dar, an apartment in Palm Jumairah Dubai, a 2003 Bentley Arnage car, a 2006 Mercedez, two sets of shares/investment in Baraq Holdings (Pvt) Ltd and shares/investments in Al-Nahayan owned by Ishaq Dar.

The list of cars in Pakistan include a 2004 Land Cruiser owned by Mrs Dar, a 1999 Land Cruiser, a 2004 Toyota Corolla, a 1998 Mercedez Benz, a 2008 Mercedez and a 2014 Land Cruiser.

Moreover, Dar and his wife have made an investment of Rs3,453,060 in Hajveri Holdings (Pvt) Ltd and Rs2,700 shares by in Sui Northern Gas Pipelines Ltd.

NAB, in its application, had informed the court of serious apprehensions that the accused, his dependents/benamidars might dispose of, alienate, sell, create charge or change the status of the properties/investments.