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Wednesday, July 17, 2024

Shahbaz rests in London as NAB sends out summons for LWMC case

News Desk |

The National Accountability Bureau (NAB) has summoned PML-N President Shahbaz Sharif for May 13 in the Lahore Waste Management Company (LWMC) scam.

According to NAB’s initial investigation, Shahbaz Sharif and his sons, Hamza and Salman had accumulated assets to the tune of Rs3 billion which were disproportionate to their known sources of income. “The suspects in order to justify the acquisition of assets have mentioned foreign remittances worth Rs1.3bn.”

NAB has also sent a questionnaire to his wife and two daughters seeking details of all foreign remittances claimed/received by them. Sources of funds for acquisition and increase in assets during 2008-17, details/sources of year-wise investment (equity and director’s loan) in all the companies and businesses have also been sought.

Read more: Is Shahbaz Sharif not coming back?

The three women have also been asked about details of gifts and salaries received since 2008, including the particulars of persons from whom gifts were received and the companies from where salaries were withdrawn

The notice came on a day when severe doubts were cast on Mr. Shahbaz Sharif’s political future as rumors were doing the rounds that he would extend his stay in London ‘under some deal’. The PML-N denied any such deal. The PML-N says Shahbaz Sharif will return before the upcoming budget after getting medical treatment there.

In April, Mian Shahbaz flew out to London for his “treatment” while his brother Mian Nawaz Sharif is waiting to go back to prison as his interim bail is expiring and the extension plea has been rejected.

Read more: Shahbaz leaves for London

Mian Shahbaz Sharif has also let go of Public Accounts Committee (PAC) Chairmanship. Multiple rumours are in the air that he will not return to Pakistan. PML-N Parliamentary party has appointed Rana Tanvir Hussain as chairman PAC in place of Shahbaz Sharif and Khawaja Asif as PML-N parliamentary leader in NA.