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Shehbaz Sharif summoned to court in money laundering case

PML-N president and leader of the opposition is facing multiple money laundering cases against him. In 2020, FIA registered an FIR against the opposition leader and his sons in a multi-billion sugar scam. The anti-graft body arrested Shehbaz Sharif in September 2020, only to release him a few months later in April 2021

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Minister for Information and Broadcasting Chaudhry Fawad Hussain took to Twitter and announced that “Today, in the case of Shahbaz Sharif, the application for cancellation of bail has been accepted for hearing and in this regard the court has called a session on Monday.” He further hoped that a decision on the cancellation of bail would be announced on Monday.

It is pertinent to mention that the decision would come one day after the proceedings of the vote of no-confidence in the National Assembly. With the numbers game looking to be against the Prime Minister, the PML-N leader is currently eyeing to become the country’s next Prime Minister. Meanwhile, shortly after MQM parted ways with the government and as a few of its federal ministers left post, the Minister for Information and Broadcasting was elevated to assume additional charge of the Ministry of Law and Justice. A notification in this regard was issued by the Cabinet Division last night.

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It is pertinent to mention that the PML-N president and leader of the opposition, Shehbaz Sharif is facing multiple money laundering cases against him. In 2020, FIA registered an FIR against the opposition leader and his sons in a multi-billion sugar scam. The anti-graft body arrested Shehbaz Sharif in September 2020, only to release him a few months later in April 2021. 

To clarify, during the course of case inquiry No.134/2020 dated 07-08-2020 of FIA ACC Lahore, it was revealed that the total deposit amounting to over Rs. 25 billion (duration 2008-2018) were received in bank accounts of various low-wage employees of Ramzan Sugar Mills Ltd and Al-Arabia Sugar Mills and accounts of fake companies set up and controlled by the Sharff group.

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Of the total 25 billion, 3.7 billion were received in the bank account of peon, namely Malik Maqsood, and another Rs. 2.8 billion in one Haji Naeem.

During the course of the investigation, the FIA claimed that Shabaz Sharif and his son Hamza Shahbaz had failed to provide a money trail for an amount up to Rs. 16 billion and declared them as prime accused in the money laundering through accounts of their Sugar mill employees. As per the challan, “During inquiry No T34/2020 of FIA ACC Lahore, it revealed that total deposits amounting to over Rs16 billion (duration 2008-2018), were received in bank accounts of various low-wage employees of the Ramzan Sugar Mills Ltd (RSML), Al-Arabia Sugar Mills Ltd (ASML) and accounts of fake companies set up and controlled by the Sharif Group.”

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