The government of Pakistan has filed a 7 billion rupees money laundering case against PML-N President Shahbaz Sharif and his family. Shahbaz, 69, is the younger brother of former PM Nawaz Sharif.
He was chief minister of Punjab from 2008 to 2018. Adviser to the Prime Minister on Interior and Accountability Shahzad Akbar said that Pakistan Muslim League (Nawaz) PML-N President Shahbaz and his sons Hamza and Suleman were involved in money laundering through fake accounts, but Shahbaz always pretended to have nothing to do with their businesses.
“The National Accountability Bureau (NAB) has filed a case, accusing Shahbaz Sharif and his children of money laundering to the tune of over Rs 7 billion in a Lahore NAB court,” he said. Akbar said the financial monitoring unit had detected 177 suspicious transactions of Shahbaz’ family after which NAB started a probe. He said the case comprised 55 volumes and 25,000 pages of documentary evidence against the Sharifs, including company records, bank statements and foreign remittances.
“The record was compiled after detailed investigation by NAB teams which nominated 16 accused in the case – six family members and their 10 accomplices,” Akbar said, adding that four of the accused had turned approvers and disclosed their role in money laundering carried out by the Sharif family. He said billions of rupees were laundered through employees of the companies owned by Shahbaz and his children.
Akbar has accused Shahbaz and Hamza of taking kickbacks and commissions in return for party tickets and projects to favourites.
According to the case, the Sharif family was involved in fake foreign remittances and organised money laundering. Shahbaz paid for the customs duty of an imported vehicle, two houses in Defence Housing Authority and villas in Whispering Pines from the laundered money, Akbar has alleged.
Around 9.5 billion rupees was laundered through fake companies and Ramazan Sugar Mills whose employees’ salaries were in thousands of rupees but billions went through their bank accounts, he said. Akbar said that Shahbaz should explain the organised money laundering network that was run by his children between 2008 and 2018.
Govt files 7 billion money laundering case against Shahbaz Sharif
The government of Pakistan has filed a 7 billion rupees money laundering case against PML-N President Shahbaz Sharif and his family. Shahbaz, 69, is the younger brother of former PM Nawaz Sharif.
He was chief minister of Punjab from 2008 to 2018. Adviser to the Prime Minister on Interior and Accountability Shahzad Akbar said that Pakistan Muslim League (Nawaz) PML-N President Shahbaz and his sons Hamza and Suleman were involved in money laundering through fake accounts, but Shahbaz always pretended to have nothing to do with their businesses.
“The National Accountability Bureau (NAB) has filed a case, accusing Shahbaz Sharif and his children of money laundering to the tune of over Rs 7 billion in a Lahore NAB court,” he said. Akbar said the financial monitoring unit had detected 177 suspicious transactions of Shahbaz’ family after which NAB started a probe. He said the case comprised 55 volumes and 25,000 pages of documentary evidence against the Sharifs, including company records, bank statements and foreign remittances.
“The record was compiled after detailed investigation by NAB teams which nominated 16 accused in the case – six family members and their 10 accomplices,” Akbar said, adding that four of the accused had turned approvers and disclosed their role in money laundering carried out by the Sharif family. He said billions of rupees were laundered through employees of the companies owned by Shahbaz and his children.
Akbar has accused Shahbaz and Hamza of taking kickbacks and commissions in return for party tickets and projects to favourites.
According to the case, the Sharif family was involved in fake foreign remittances and organised money laundering. Shahbaz paid for the customs duty of an imported vehicle, two houses in Defence Housing Authority and villas in Whispering Pines from the laundered money, Akbar has alleged.
Around 9.5 billion rupees was laundered through fake companies and Ramazan Sugar Mills whose employees’ salaries were in thousands of rupees but billions went through their bank accounts, he said. Akbar said that Shahbaz should explain the organised money laundering network that was run by his children between 2008 and 2018.
