Chaudhry Sugar Mills case adjourned until Jan 3
LAHORE: An accountability court in Lahore on Friday extended judicial remand of Yousuf Abbas Sharif, a member of the Sharif family, named in the Chaudhry Sugar Mills case along with his uncle, former premier Nawaz Sharif and cousin Maryam Nawaz.
Jail authorities did not bring the accused to the court owing to lawyers’ strike and law and order situation and formulated a report.
Accountability Judge Chaudhry Ameer Muhammad Khan extended the judicial remand of Yousuf Abbas until Jan 3 and directed the jail authorities to produce him before the court on the next hearing.
It is pertinent to note here that ex-premier Nawaz Sharif and his daughter Maryam Nawaz are out on bail in the case.
They have also been granted exemption from appearing before it for the trial proceedings.
The Sharif family has been accused of using CSM for money-laundering and illegal transfer of its shares.
According to NAB, on the pretext of setting up the mill, the family took a $15 million loan, despite the fact that it was already built before the loan was purchased.
The NAB maintains that in 2008, more than Rs7 million shares were transferred to vice president of PML-N Maryam Nawaz via mill shares, which were later transferred to her cousin Yousaf Abbas Sharif in 2010.