Ramazan Sugar mills money laundering exposed
Suleman Shehbaz’s peon, clerk appear to be billionaires
The peon and clerks of Suleman Shehbaz, the youngest son of Opposition Leader in National Assembly Shehbaz Sharif, have money in their accounts worth billions, The Express Tribune reported on Tuesday. According to the report, the Federal Investigation Agency (FIA) Banking Crime Circle Lahore traced secret bank accounts of Suleman’s employees with Rs9.5 billion deposits.
The report relied on sources in the FIA and claimed that the employees worked in the Ramzan Sugar Mills and Al-Arabiya Sugar Mills. The FIA had reportedly provided details of those accounts to a Joint Investigation Team (JIT), which was looking into the case. Maqsood, a peon, had Rs2.3 billion in his account and he also bought a Mercedes worth Rs15 million from that money, the publication said.
Similarly, Shabbir Qureshi, a clerk, had Rs1 billion in his account; Rs240 million was found in Rana Wasim’s account, Rs640 million in Iqrar’s account, and Rs520 million in clerk Tanveerul Haq’s account. Rs1.2 billion was deposited in the account of Accounts Clerk Khizar Hayat, and Rs450 million was deposited in the account of Tauqeeruddin.
یہ ہیں وہ سخی جو اپنے ملازموں کے اکاونٹ کھلوا کر اربوں روپے جمع کرا دیتے ہیں اوران کوپتہ نہیں چلنے دیتے کہ کہیں وہ شرمندہ نہ ہوں واہ @CMShehbaz کتنی نیک اولاد ہے !
Poor billionaire employees of Suleman Shehbaz | The Express Tribune https://t.co/qXqbefF0yM
— Mirza Shahzad Akbar (@ShazadAkbar) September 22, 2020
“The FIA, Banking Crime Circle, Lahore has traced these secret bank accounts and provided information to the JIT, while the FIA’s Banking Crime Circle has expanded the scope of the investigation and sought details of the accounts of all these employees,” the report said.
According to the report, details had also been sought from the Securities and Exchange Commission of Pakistan (SECP) regarding companies in the name of these employees. It added that once all the details are received, a full report will be provided to the JIT.
A combined investigation team (CIT) of the FIA had summoned the employees of the Sharif family for investigation. The employees of the Al-Arabiya Sugar Mills appeared before the investigation team and recorded statements about their bank accounts, The Express Tribune reported.
Notably, the National Accountability Bureau (NAB) decided to approach the National Crime Agency in UK and Interpol for the extradition of Salman Shehbaz, as he had been declared a fugitive in a money laundering case against the Sharif family. However, it did not take place.