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NAB declares PM Shehbaz Sharif, others ‘innocent’ in money laundering case

Published

12 months ago

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  • Accountability court postpones hearing till May 24.
  • PM failed to justify how family assets grew from Rs2m to Rs7bn.
  • PM’s wife, sons, two daughters amongst those nominated by NAB in money laundering case.

The National Accountability Bureau (NAB) has declared Prime Minister Shehbaz Sharif, his son Hamza Shehbaz and others “innocent” in Rs7 billion references against them for assets beyond means and money laundering filed against them by the anti-graft body.

During a hearing — which was heard by Judge Qamar-ul-Zaman at an accountability court in Lahore on Wednesday — the anti-graft body submitted a supplementary report for the money laundering reference.

PM Shehbaz’s legal representative Anwar Hussain appeared in the court, where NAB acquitted the prime minister, his son, and other people indicted in the case.

At the end of the hearing, the accountability court postponed the hearing of the case till May 24.

Earlier, the bureau had declared PM Shehbaz and his family guilty in Rs7 billion references of money laundering and assets beyond means.

NAB had claimed in references filed against the Shehbaz family that in the last 30 years, their assets had increased from Rs2 million to Rs7 billion which the family had failed to justify.

NAB had alleged that accused PM Shehbaz, in connivance with his co-accused family members, benamidars, front men, close associates, employees, and moneychangers, had developed an organised system of money laundering for the accumulation of assets disproportionate to his known sources of income to the tune of Rs7.3 billion.

Consequently, the accountability watchdog nominated PM Shehbaz, his wife Nusrat Shehbaz, sons Hamza and Suleman Shehbaz, and daughters Rabia Imran and Javeria Ali in the references.

Suleman is already a proclaimed offender in this case. The other nominated accused are Nisar Ahmad, Syed Muhammad Tahir Naqvi, Ali Muhammad Khan, Qasim Qayyum, Rashid Karamat, Masroor Anwar, Muhammad Usman, Fazal Dad Abbasi, Muhammad Shoaib Qamar, and Haroon Yousaf Aziz.

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The Lahore High Court Chief Justice has referred Fawad’s request for an extension of protective bail to a division bench.

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19 hours ago

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The Chief Justice of Lahore High Court (LHC) has directed the appeal for an extension of protective bail for former federal minister Fawad Chaudhry to be forwarded to a division bench.

Fawad and his wife Hiba Fawad presented themselves in front of Chief Justice Malik Shahzad Ahmad Khan.

The individual stated that the LHC had granted him protected bail in 36 cases and urged the court to order an extension of his bail.

The chief judge forwarded his request to the division bench led by judge Alia Neelam.

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Prime Minister Shehbaz pays a visit to Karachi and places a floral wreath at Mazar-e-Quaid.

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19 hours ago

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Prime Minister Muhammad Shehbaz Sharif arrived in Karachi for a one-day visit today.

The prime minister was greeted at the airport by Sindh Governor Kamran Khan Tessori and Sindh Chief Minister Syed Murad Ali Shah.

Shortly after his arrival, Prime Minister Shehbaz Sharif paid a visit to Mazar-e-Quaid, where he offered Fateha and placed a floral wreath. He recorded his perceptions in the book.

During his visit, the prime minister will convene discussions with the governor and the chief minister of Sindh to examine the comprehensive political situation and administrative matters of the province.

In addition, the prime minister will also engage with influential figures from the business community and a delegation from the Karachi Chamber of Commerce.

During these discussions, the Prime Minister will solicit recommendations from the business community regarding the enhancement of the nation’s economy.

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On a day-long visit, Prime Minister Shehbaz Sharif arrives in Karachi.

Published

21 hours ago

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At the airport, the Prime Minister was greeted by Sindh Chief Minister Syed Murad Ali Shah and Governor Kamran Khan Tessori.

The prime minister visited Mazar-e-Quaid shortly after arriving and placed a floral wreath and made an offering of Fateha. He recorded his impressions in the book as well.

The prime minister will meet with Sindh’s chief minister and governor during his day-long visit, during which time the province’s administrative issues and general political climate will be reviewed.

Along with this, PM Shehbaz Sharif will meet with a delegation from the Karachi Chamber of Commerce and notable figures in the business community.

The premier will solicit ideas for enhancing the nation’s economy from the business community during these discussions.

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