Accountability court decides to indict Shehbaz Sharif, others in money laundering case

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LAHORE (News10) – Accountability court on Monday has decided to indict Pakistan Muslim League-Nawaz (PML-N) President and Opposition Leader in National Assembly (NA) Shehbaz Sharif and others in money laundering case on November 11.

According to details, Shehbaz Sharif and his son and Opposition Leader in Punjab Assembly Hamza Shehbaz were taken to the court in an armored vehicle.

During the hearing, the judge asked about the representative of home secretary over which, the prosecutor said that no one has appeared from the side of home secretary so far.

Subsequently, the judge has adjourned the hearing till November 11.

Meanwhile, PML-N vice president Maryam Nawaz also arrived at the court and met Shehbaz Sharif and Hamza Shehbaz to discuss ongoing political affairs. She also talked about the matter of Ayaz Sadiq and Gilgit-Baltistan elections. 


NAB arrests Shehbaz Sharif in money laundering case


On September 28, National Accountability Bureau (NAB) team had arrested Shehbaz Sharif in money laundering case after Lahore High Court (LHC) rejected his bail plea.

A two-member bench of the Lahore High Court comprising Justice Sardar Ahmed Naeem and Justice Farooq Haider heard the plea, during which Shehbaz Sharif’s lawyer presented his arguments.

Counsel of PML-N President argued that Shehbaz Sharif saved over Rs1,000 billion of national exchequer and never received his pay as a member of National Assembly.

No evidence was available against Shehbaz Sharif in money laundering case and none of the witnesses accused PML-N leader of the ill practice, he added.


Money laundering case: Investigation report from Sharif family CFO submitted


According to the NAB investigation report, Chief Financial Officer of Sharif family Muhammad Usman laundered money for the Shehbaz family.

Muhammad Usman started working for the Sharif family in 2005 at Ramzan Sugar Mills for Rs 90,000 per month. In 2006, the Nawaz family acquired Hudaibiya Engineering from the Shehbaz family and in 2007, the Shehbaz family made more companies, including the Sharif Feed Mill, to expand their business.

The bank accounts of Shehbaz Sharif’s wife Nusrat Shehbaz and his sons were used for foreign remittances and loans. On the direction of Salman, Waqar Trading Company made fake foreign remittances of Rs 600 million.

The entire amount was transferred to Salman Shehbaz’s personal account via cheque but it is not known where Salman receives his money from.

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