29.9 C
Karachi
Friday, March 29, 2024
- Advertisement -
 

Chaudhry Sugar Mills is major corporate fraud of Sharif family: PM’s aide

TOP NEWS

Web Desk
Web Desk
News Stories Posted by ARY News Digital Team

ISLAMABAD: Special Assistant to Prime Minister on Accountability, Shahzad Akbar, said on Thursday that Chaudhry Sugar Mills is a major corporate fraud of Sharif family for money laundering, ARY News reported.

While addressing a press conference in Islamabad today, Shahzad Akbar said the members of Sharif family had laundered money through Chaudhry Sugar Mills.

“Money had been transferred from the bank account of new Islamabad airport to Chaudhry Sugar Mills. It is a major corporate fraud.”

“A fake company was established by name Chadron and acquired loan of $15 million while the loan and machinery have not arrived in Pakistan. The loan was not returned but it was waived after Nawaz Sharif came into power as the then prime minister. Sharif family has not given related documents to any investigation institution so far.”

Read: Shahzad Akbar slams opposition for criticising NAB ordinance

He further said, “The contract for the construction of new Islamabad airport had been awarded to a relative of Nawaz Sharif. Fake telegraphic transfers (TTs) worth $1.5 million had been generated for Chaudhry Sugar Mills on the names of a Saudi citizen and Siddiqua Syed. The shares were transferred to Nawaz Sharif and later to Maryam Nawaz. Up to 45 per cent of shares were later given to Yousuf Abbas.”

While criticising former premier, Akbar said Nawaz Sharif is now residing in London whose platelet count variates every day. It is impossible for the government to wait after watching him picnicking in London, said the PM’s aide.

Akbar said that the government will move to the parliament for making any amendment in the laws. Pointing towards the opposition, he added that the opponents have always created hurdles after a law is brought to the parliament.

- Advertisement -
- Advertisement -
 

POLL

Will the PML-N led govt be able to steer Pakistan out of economic crisis?

- Advertisement -
 

MORE STORIES