Nawaz Sharif now faces probe for laundering $4.9 bn to India: Reports : The Tribune India

Join Whatsapp Channel

Nawaz Sharif now faces probe for laundering $4.9 bn to India: Reports

ISLAMABAD: In further trouble to Nawaz Sharif, Pakistan’s top anti-corruption body on Tuesday ordered a probe against the embattled former Prime Minister and others for allegedly laundering USD 4.9 billion to India, media reports said.

Nawaz Sharif now faces probe for laundering $4.9 bn to India: Reports

File photo of Nawaz Sharif. AFP



Islamabad, May 8

In further trouble to Nawaz Sharif, Pakistan’s top anti-corruption body on Tuesday ordered a probe against the embattled former Prime Minister and others for allegedly laundering USD 4.9 billion to India, media reports said.

The National Accountability Bureau (NAB) in a press release said its Chairman Justice (retd) Javed Iqbal took notice of reports making rounds on news channels claiming that Sharif allegedly laundered USD 4.9 billion to India, the Express Tribune reported.

According to the media report, this incident is mentioned in the World Bank’s Migration and Remittance Book 2016, the release said.

However, details of the media report in question have not been mentioned in the brief statement issued in Urdu, Geo TV reported.

The statement claims that the amount was laundered to the Indian Finance Ministry after which Indian foreign exchange reserves witnessed an increase and Pakistan suffered as a result.

Sharif is facing three corruption cases at the accountability court following the Supreme Court’s verdict in the Panama Papers case. An NAB inquiry is also under way against him for alleged illegal expansion of a road leading to his estate in Lahore’s Jati Umra locality.

Once formulated, this will be the fifth case against the ousted premier by the NAB.

Earlier today, the accountability court sought more time from the top court to end the trial on references filed by the NAB against members of the Sharif family.

Accountability court judge Muhammad Bashir, who presides over the hearings, has written a letter to the top court requesting for a second extension in the trial.

Earlier in March, the Supreme Court had granted a two-month extension to the accountability court to wrap the proceedings.

However, as the two-month deadline expires, the case is nowhere near its end, with the Al-Azizia Steel Mills and Flagship Investments still untouched, the country’s top anti-graft body is running out of time.

The Supreme Court of Pakistan had disqualified Sharif last year, forcing the three-time prime minister to resign. Sharif has dismissed the corruption charges as politically motivated.

The political future of Sharif, who leads the country’s most powerful political family and his party, has been hanging in the balance since then. If convicted, he can be jailed. PTI

Top News

Chief Judicial Magistrate's court in UP's Banda orders judicial inquiry into death of gangster-politician Mukhtar Ansari

Judicial inquiry ordered into death of gangster-politician Mukhtar Ansari

Asks additional CJM to conduct probe into Mukhtar Ansari's d...

Cash-strapped Congress gets fresh IT notice of Rs 1,700 crore, say party insiders

Cash-strapped Congress gets fresh I-T notice of Rs 1,800 crore

Ajay Maken addresses a press conference

Special court convicts 7 people in BSP MLA Raju Pal murder case

Special court convicts 7 people in BSP MLA Raju Pal murder case

The proceedings against Atiq Ahmad, his brother and prime ac...

Arvind Kejriwal's wife releases WhatsApp number for people to send messages for jailed AAP leader

Arvind Kejriwal's wife launches WhatsApp campaign to garner support for AAP leader

In a digital media briefing, Sunita says her husband has cha...


Cities

View All