Process of auctioning Nawaz's Sheikhupura properties begins

According to details, the auctioning of Pakistan Muslim League-Nawaz (PML-N) supremo’s land started at Rs. 7 million per acre 

The 88-kanal land of PML-N leader is being sold as a recovery of Toshakhana reference.

On the order of Islamabad High Court (IHC), the process of auctioning is underway in municipal hall.

A day earlier on May 19, Islamabad High Court (IHC) dismissed three petitions filed against the auction of three properties associated with Nawaz Sharif.

The short verdict was announced by IHC judge Justice Amir Farooq and Justice Tariq Mahmood Jahangiri in Toshakhana case.

The court in its verdict stated that the petitioners has an alternative forum and they can approach the trial court to stop the auction. The order added that the court cannot hear these petitions under Article 199 of the Constitution of Pakistan if there is an alternative forum.

On April 22, the accountability court had ordered the revenue authorities of the Punjab government to auction unclaimed properties of former prime minister within two months citing him an absconder in Tosha­khana reference.

The petitioners namely Mian Barkat Ali, Aslam Aziz and Ashraf Malik challenged the auction of these properties.

Toshakhana reference

The anti-corruption watchdog has alleged that the former president Asif Ali Zardari had obtained luxury vehicles by paying only 15% of the price of the vehicles. Later, one of those vehicles, a 1991 model Mercedes, was gifted to Nawaz Sharif.

NAB alleged that former premier Yousuf Raza Gilani had facilitated the allotment of the vehicles to Nawaz Sharif and Asif Zardari by dishonestly and illegally relaxing the procedure for acceptance and disposal of gifts vide a Cabinet Division memorandum of 2007.