NAB launches fresh ‘money laundering’ probe against Nawaz

ISLAMABAD: The National Accountability Bureau (NAB) has initiated another inquiry against former prime minister Nawaz Sharif over money laundering charges.

According to reports, the accountability watchdog launched an inquiry on complaint of TV journalist Asad Kharal. The journo also recorded his statement before the bureau and submitted relevant record to NAB investigators.

Mr. Sharif is currently in London to look after his ailing wife Kulsoom Nawaz.

The report cited NAB spokesperson as saying that the complainant provided details how Mr Sharif and his family members allegedly sent money to foreign countries in an illegal way.

Mr Sharif and his family members have been facing similar charges in the references made under the Panama Papers case and being tried in the Accoun­tability Court in Islamabad.

The fresh complaint said Khaista Khan and Jamshed Khan, Hawala/Hundi dealers from Peshawar, were engaged by the Sharif family to transfer large amounts of funds through their bank accounts.

According to the testimony, the report said, Khaista Khan and Jamshed Khan before NAB, the Sharif family illegally sent funds converted into foreign currencies abroad regularly.

The NAB will investigate the allegations and proceed further if the claims were found bona fide.

The Panama Papers scandal unraveled to the world in April last year with shock and Pakistan was no exception especially when its then ruling elite were discovered to have stashed their wealth offshore.

Read: Timeline of troubling Panamagate for Sharifs

The leaked papers, comprising 11.5 million documents from Panama-based law firm Mossack Fonseca, exposed how some of the world’s most powerful people have secreted their money offshore, and also implicated Prime Minister Nawaz Sharif’s sons Hasan Nawaz and Hussain Nawaz.

The scandal eventually led Mr. Sharif’s ouster from the office and initiation of probe against his family.

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