Hasan Nawaz, son of Pakistan’s former Prime Minister Nawaz Sharif, has been declared bankrupt by London’s High Court.
Court documents reveal the bankruptcy order was issued on April 29, 2024, following a case filed by the UK tax authority, Her Majesty’s Revenue and Customs, over unpaid taxes and liabilities.
The case, listed as No. 694 of 2023, pertains to Hasan’s residence at Flat 17, Avenfield House, 118 Park Lane. UK law stipulates that bankruptcy prohibits individuals from managing or directing companies without court approval. Despite this, Hasan continues to hold directorships in several UK firms.
This development contrasts with his earlier acquittal in March by an Islamabad accountability court, clearing him and his brother Hussain Nawaz of corruption charges linked to the Panama Papers. In 2018, both brothers were declared proclaimed offenders for not cooperating with investigations into the Avenfield Apartments and related cases.
Hasan previously acknowledged ownership of the Park Lane apartments through offshore companies Nielsen and Nescoll, under a trust managed by his sister, Maryam Nawaz Sharif.