The court was conducting proceedings against the sons of former prime minister Nawaz Sharif, who have not appeared in a single hearing of the three corruption references filed against them by NAB. The court that the accounts possess $3992, 4272 Euros, 207 pounds and Rs382,381 in the four accounts respectively.
The NAB court did not looked into proposals given by Islamabad High Court earlier and took decision in haste hence it should be dismissed, the application argued. They further informed that a reply is yet to be received from Bahria Town and the Lahore deputy commissioner.
The former prime minister had filed applications in the trial court, requesting it to conduct a joint trial of all the three references filed against him by the NAB.
The NAB prosecutor also asked the court to declare them proclaimed offenders as the time given them to ensure appearance in the court has expired.
On October 2, the accountability court issued non-bailable warrants for the arrest of both brothers for failing to appear in court.
NAB Rawalpindi said the action was taken in light of the accountability court's directions for the initiation of the process to declare them proclaimed offenders, as they failed to show up in the court's last hearing.
During the Flagship Investment Limited reference hearing, the statement of Investigating Officer Muhammad Kamran was documented wherein he stated that terming Hasan and Hussain Nawaz "proclaimed offenders" should be decided by the judges.
The court had also ordered authorities concerned to initiate proceedings under Section 87 (proclamation for person absconding) of the Criminal Procedure Code. Orders have also been given to confiscate their shares in six companies as per details provided by Securities & Exchange Commission of Pakistan (SECP).
As the hearing against the brothers, whose trial in the high-profile corruption case has been separated from other family members' owing to their continued absence, went under way, the NAB submitted a report detailing assets owned by Nawaz's sons in Pakistan.