ISLAMABAD, SEPT 20 (DNA) – National Accountability Bureau (NAB) has frozen the assets of former prime minister Nawaz Sharif, his children Maryam Nawaz, Hussain Nawaz, Hassan Nawaz and his son-in-law Captain (retired) Safdar, on Wednesday.

A letter from NAB Lahore has directed relevant authorities including Lahore Development Authority (LDA), Capital Development Authority (CDA), Chief Commissioner Islamabad and banks that all property and assts belonging to Nawaz Sharif, his children Maryam Nawaz, Hussain Nawaz, Hassan Nawaz and his son-in-law Captain (retired) Safdar cannot be transferred or dissipated until further orders.

Asset freezing is a legal process which prevents a defendant to an action from dissipating their assets from beyond the jurisdiction of a court so as to frustrate a potential judgment.