NAB to investigate money laundering allegations against Nawaz.
TheNational Accountability Bureaus (NAB) Chairman Justice (retd) Javed Iqbal, taking notice of the money laundering allegations, ordered an investigation against former premier Nawaz Sharif.On September 21, 2016,theState Bank of Pakistan (SBP) hadcategorically rejected a reportthat suggests an outflowof $4.9 billion from Pakistan to India as remittances and had termed it contrary to facts.
In a press release issued by the countrys top anti-graft body, the chairman took notice of reports making rounds on news channels claiming that Nawaz laundered $4.9 billion to India.The media reports claim that a record of this exists in the World Banks Migration and Remittances book of 2016. The reports claim that the injection of such an amount into Indias foreign reserves resulted in an increase in their resources for which Pakistan is still suffering.
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 National Accountability Bureau (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.
The three-judge bench, headed by Justice Ejaz Afzal Khan and comprising Justice Azmat Saeed Sheikh and Justice Ijazul Ahsan took up the pleas, filed by NAB and the accountability court judge.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 countrys top anti-graft body is running out of time.
|Printer friendly Cite/link Email Feedback|
|Publication:||The Balochistan Express (Quetta, Pakistan)|
|Date:||May 8, 2018|
|Previous Article:||Multiple wounded as violent tussle between PPP, PTI in Karachi ends.|
|Next Article:||SBP issues Rs50 commemorative coin in honour of Dr Ruth Pfau.|