The National Accountability Bureau (NAB) has initiated another investigation into former Prime Minister Nawaz Sharif on charges of money laundering.
The case was initiated on the complaint of journalist Assad Haral, said the representative of NAB. The journalist sent his statement to the Bureau and also submitted a report to the nab investigators. According to the press Secretary of NAB, the applicant told in detail how Nawaz Sharif and his family members sent money from the budget illegally to foreign countries, reports ndtv.com Oh?
“In the period from 1988 to 1991 from the country was sent 56,896 million rupees,” – said in a statement.
The claimant also informed NAB that in 1988, $ 758,000 was transferred from the Bank of Oman in Sharjah to a branch of the Bank of Lahore, and then the money was converted into bearer certificates in foreign currency in the amount of RS 145 million and distributed to close relatives of Sharif and his family members ‘ partners.
According to the complaint, 140 million rupees were originally transferred to the Omani Bank in Sharjah from Pakistan through Hawala. Later, the amount was credited to Shamrock Consulting Corporation through the London stock exchange branch of Allied Bank. This amount was used, presumably, when buying an apartment Park Lane in 1993-1996.
According to another statement, the Ramzan sugar factory, owned by the Sharif family, received $ 30 million from Faysal Bank in 1990 when Sharif was first Prime Minister.
Sharif himself, his sons Hussein and Hassan, daughter-in-law Maryam and former son-in-law Muhammad Safdar have already faced three charges of corruption due to money laundering and illegal offshore holdings based on Panama papers. The court must reach a verdict on the case before the General elections on 25 July.
Last September, the National Accountability Bureau (NAB) filed three lawsuits against the Sharif family, accusing them of corruption. The reason for the proceedings was the decision of the Supreme Court of Pakistan (Supreme Court) of 28 July 2017, based on the Panama Papers Published in April 2016. Due to a known leak, it became known about the family-owned companies of the then Prime Minister, including Al-Azizia Steel Mills, offshore Flagship Investment Ltd and several properties in the Avenfield area of London.
National Accountability Bureau (NAB) filed three corruption references against the Sharif family in September last year in light of the Supreme Court‘s July 28 verdict in the Panama Papers case. The references pertain to the Al-Azizia Steel Mills, offshore companies including Flagship Investment Ltd, and Avenfield properties of London.