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Sunday, May 19, 2024

Shehbaz involved in Rs25 bln money laundering through fake bank account: Farrukh

Shehbaz Sharif is yet to be convicted. However, Nawaz Sharif who was convicted flee the country. Was he given the NRO? Here's the answer:

Minister of State for Information and Broadcasting Farrukh Habib Tuesday said Leader of Opposition in the National Assembly Shehbaz Sharif had made corruption and money laundering of over Rs25 billion by using fake bank accounts.

In a tweet, he said Shehbaz Sharif, who used to claim of not committing the corruption of even a single penny, had stashed his money abroad in the bank accounts in the name of his mills’ peons, clerks, cashiers and managers.

Farrukh Habib said the opposition leaders were habitual of evading the queries of anti-graft institutions about their corruption by giving the stereotype answers.

He cited an example of Shehbaz who used to pass on the questions about his corruption over to his son Salman Shehbaz to whom he, himself, had sent abroad.

He urged Shehbaz Sharif to surrender before the law and call back his absconding son from London and produce him before the country’s institutions.

How Nawaz went to London?

It is important to note that the federal cabinet granted in-principle “conditional” approval to remove Nawaz’s name from the ECL. The government had asked the Sharif family to pay Rs.7 billion as surety bonds — equivalent to the fines imposed on him by an accountability court in two corruption cases Al-Azizia Steel Mills and Avenfield properties — in which he was convicted.

Read more: Shehbaz Sharif to leave for London: NRO given to PML-N?

The PML-N leadership rejected the offer. While addressing a press conference after a consultation meeting of senior party leaders in Lahore, Shehbaz Sharif said that the incumbent government of PTI wanted to take ransom from the Sharif family in the name of an indemnity bond.

The Lahore High Court on Saturday (usually an off day) allowed former premier Nawaz Sharif to travel abroad for four weeks for medical treatment, saying the duration could be extended based on medical reports.

A two-judge bench, comprising Justice Ali Baqar Najafi and Justice Sardar Ahmad Naeem, started hearing the petition at 11 am and after multiple breaks and back and forth, delivered the verdict close to 6 pm.

Read more: Money Laundering: Shehbaz Sharif did not win the case, clarifies David Rose

In the court-approved undertaking, Nawaz assured that he would return “within four weeks” ─ a time frame that was missing in the initial handwritten undertaking. The question can PM Imran Khan give NRO seems to have lost its worth as the available circumstantial evidence suggest that a deal might have been signed between Sharifs and the power that be.

APP with additional input by GVS News Desk