SECP found no transactions linking Sharifs with Al-Azizia Steel, Hill Metal

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) found no transactions linking the Sharif family with Al-Azizia Steel or Hill Metal Establishment, an accountability court hearing three references against the Sharif family’s businesses was told on Tuesday.

During cross-examination, Sidra Mansoor, joint registrar at the SECP’s Company Registration Office in Lahore confirmed that while Hussain Nawaz was a shareholder in Mehran Ramzan Textile Mills Limited, the company had no connection or transactions with either of the two companies under investigation.

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The accountability court recorded the statements of four prosecution witnesses in connection with three separate references – Flagship Investments, Al-Azizia and Avenfield Properties.

Both Nawaz Sharif and his daughter Maryam witnessed proceedings from the front row of the courtroom, and at one point, the two quietly swapped seats with each other.

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