Home News Analysis UN anti-money laundering department launches investigation against Nawaz Sharif?

UN anti-money laundering department launches investigation against Nawaz Sharif?

The Pakistani political perusals turn international as UN anti-money laundering department investigates Nawaz Sharif.

money laundering
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News Desk |

According to sources, the UN anti-money laundering department has decided to start investigations against Pakistan’s former premier Nawaz Sharif. Following the Avenfield verdict, it seems like PML-N leader is being investigated by global accountability bureaus.

The diligent efforts put forth by the National Accountability Bureau and the Federal Investigation Agency have shown effectiveness in their productivity prior to the upcoming general elections. Looking at the growing suspicions, the department decided to seize all records regarding financial matters of Nawaz Sharif and his family from the concerned banks.

An initial investigation against Nawaz Sharif conducted following his disqualification as the PM unravelled his remittance amounting to 10.4 million USD from Saudi Arabia in the years 2014-2017 to Habib Bank, New York Branch. This was later received in Standard Chartered Bank, Raiwind Branch, Lahore.

On 9th March, 2015, $799,945 had been transferred from Al-Razi bank to Habib Bank, New York branch and then transferred to Nawaz Sharif via Standard Chartered.

United Nations Office on Drugs and Crime, UNODC, thus announced an official investigation on Nawaz’s alleged money laundering via HBL. Upon the discovery of concrete proofs regarding the amount remittances, United States’ concerned departments ended up imposing a fine of Rs. 26 billion on HBL’s New York branch on the account of hidden massive amounts laundered.

Read more: Accountability boards are on fire this month: FIA summons Zardari and…

The Detail on Nawaz’s Accounts

Nawaz Sharif had opened an account in Saudi Arabia’s bank under the name, ‘Hill Metal Company’, which had a massive amount of remittance. Nawaz Sharif had misused Habib Bank of Pakistan, Al-Razi Bank Saudi Arabia and Standard Charted Bank.

Records state that Nawaz had embezzled money amounting to $10.4 million. Since then, International Anti-Money Laundering Department has sped-up their investigation processes. According to the documents, $266,000 had been transferred to Hill Metal Jeddah, Saudi Arabia which were later rewired to Nawaz Sharif on 3rd March, 2014.

Upon gathering of written evidences against former Prime Minister, Nawaz Sharif, the UN anti-money laundering department has decided to start investigations against Nawaz Sharif.

These funds had also been released from Habib Bank Branch New York. Similarly, Al-Razi Bank, Saudi Arabia and Habib Bank were also involved in this transaction. Moreover, on 9th March 2015, $799,945 had been transferred from Al-Razi bank to Habib Bank, New York branch and then transferred to Nawaz Sharif via Standard Chartered.

Read more: Money laundering case; FIA may arrest important figures in Sindh

On 22nd March 2015, $ 499,965 was transferred from Saudi Arabia to Habib Bank Branch New York which were later transferred to Standard Chartered Bank, Lahore in Nawaz Sharif’s accounts. During April 2015, another transaction took place where $8,165,000 was transferred from Saudi Arabia to Habib Bank New York Branch, following the same pattern, transferring the amount to Standard Chartered Bank Lahore.


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28 COMMENTS

    • 100% True.
      Habib bank NewYork branch was punished by the amercian, black listed and penalty about 650 Millions dollars against this money laundering.
      Al rajhi bank was also convicted in this corruption of money laundering. Habib bank was black listed in saudi arabia n alrajhi bank. Pakistanis were restricted to sendtheir salaries to Pakistan in habib bank.

      I personally had experience with hussain nawaz. I was admin manager in hill metal. 95% staff were hindu, indian nationals. Whole machinery and other equipments were bought from israil through india.
      Lets wait the court order to public the bol 10 of JIT. Big fishes will be captured soon..

      • You are a big liar.
        Post the picture of your Iqama or atleast number of your Iqama.
        Just making rumours.
        Perhaps you have forgotten that you have to present answer for these false claims.
        Where this mill was located or what was street address (Unwanul watani) of its office where you were manager?
        If you give satisfactory answers about your IQAMA number and Unwanul watani (National postal address), I shall accept your claims

      • Do you have any proof of your statement dear, espacially that you were an employee of Hill metal?
        Please post it here tou justify your statement. That would be helpfull to those who think Naiwaz is a criminal.

      • Muhammad Azeem, you have made big claims but these are big LIES.
        How Saudi government allowed Israeli machinery in the Kingdom? This exposes your LIES.
        Perhaps you are a PoTIan working on payrole of PTI to defame 3 times Prime minister of Pakistan.

        • His party supporters bang on about him being ‘3 times prime minister’ but he just pulled the wool over their eyes and abused the position he was given ‘3 times’. Truly shocked at why many cannot comprehend this!

  1. Investigation must be conducted against this culprit who looted the money of poor Pakistanis and trial should be conducted by unitied nation court
    Otherwise his propaganda of concpiracy will win

  2. .
    Quid Azam wanted Dar-ul- Islamic State” breathless Muslim league have turned Pakistan toward secularist State against Quid Azam’s wishes. All of the past ruling elite have been promoting corrupt system of secularism against Islamic values” and has advanced tyrannical liberal agenda. Oligarch Ruling elite have watered down Islam and eroded Islamic values” Muslim league ruling elite have indebted Pakistan’s children for sake of receiving kick backs.Nawaz failed to build Dams and water storage facilities” which is considered gross negligence. The perceptive should know that only knowledge and works devoted to Allah and his messenger avail. It’s time intelligent people face the reality” or end-up abode permanently hell fire prepared for unbelievers.

  3. For dollars transection this is normal routine procedure.once I transferred money in dollars.this was the route.can anybody tell me how is this money laundering

    • Mr.Muhammad Ali,your argument is so childish.The court had put across a very simple & basic question,to produce money trail,which he mesirably failed,because it was ill gotten/illegitimately earned.

      • Transferring money through bank is a normal and legal way of money transfer. It is entirely different from money sent by Asif Zardari who had been sending money to UAE by Dollar Girl ( in brief case) or like Imran Khan who brought million of rupees/dollars in his bag from America collected as donations for Shaukat Khanum hospital (claim by PTI workers that he never spent single penny on himself).
        This article written by some one who does not know about banking system of USA and Saudi Arabia

    • Can’t you see the amount in the process of transferring?
      This is called “money laundering.” when you suck millions of dollars from different accounts to your final account. Jahil insan.

  4. Entire family of Nawaz Sharif comprises of Crooks & Criminals. If the matter is taken up by UN then its a good omen. Government of Pakistan must pursue it. The money they have laundered abroad be returned to Pakistan.

    • Transferring money through bank is a normal and legal way of money transfer. It is entirely different from money sent by Asif Zardari who had been sending money to UAE by Dollar Girl ( in brief case) or like Imran Khan who brought million of rupees/dollars in his bag from America collected as donations for Shaukat Khanum hospital (claim by PTI workers that he never spent single penny on himself).
      This article written by some one who does not know about banking system of USA and Saudi Arabia

  5. Transferring money through bank is a normal and legal way of money transfer. It is entirely different from money sent by Asif Zardari who had been sending money to UAE by Dollar Girl ( in brief case) or like Imran Khan who brought million of rupees/dollars in his bag from America collected as donations for Shaukat Khanum hospital (claim by PTI workers that he never spent single penny on himself).
    This article written by some one who does not know about banking system of USA and Saudi Arabia.
    You cannot transfer money from Saudi Arabia without valid Saudi ID (Iqama for foreigners) and without proof of source of money. In Pakistan. you just take any amout of money and deposit in your account. It is not possible in Saudi Arabia.
    There is also limit of money transfer from Saudi banks. Not more than100,000 SAR can be transferred in one day via bank.
    The whole story described in this news is just seems to be distortion of facts

  6. https://www.unodc.org/
    Global Programme against Money-Laundering, Proceeds of Crime and the Financing of Terrorism (GPML)
    United Nations Office on Drugs and Crime
    Vienna International Centre
    P. O. Box 500
    A-1400 Vienna
    Austria

    Tel: + (43) (1) 26060-4269
    Fax: + (43) (1) 26060-6878

    Email: gpml@unodc.org
    http://www.imolin.org
    You can visit this website. I tried to find out but no mention of this activity as stated in this bogus news

  7. Global Programme against Money-Laundering, Proceeds of Crime and the Financing of Terrorism (GPML)
    United Nations Office on Drugs and Crime
    Vienna International Centre
    P. O. Box 500
    A-1400 Vienna
    Austria

    Tel: + (43) (1) 26060-4269
    Fax: + (43) (1) 26060-6878

    Email: gpml@unodc.org
    http://www.imolin.org

  8. Muhammad Azeem You are a big liar.
    Post the picture of your Iqama or atleast number of your Iqama.
    Just making rumours.
    Perhaps you have forgotten that you have to present answer for these false claims.
    Where this mill was located or what was street address (Unwanul watani) of its office where you were manager?
    If you give satisfactory answers about your IQAMA number and Unwanul watani (National postal address), I shall accept your claims

  9. You guys know nothing in comparison to what damage MMNS and his family and cronies has done to Pakistan specially the dirty minds of Nawaz and his clever daughter. He is a traitor modern world has not seen. One hanging may not be enough. What else for a greedy businessman who ruled a country of Muslims and some equally peaceful minorities in most disastrous ways.

  10. http://www.4-traders.com/HABIB-BANK-LIMITED-6493903/news/Habib-Bank-UN-anti-money-laundering-department-has-started-investigation-against-Nawaz-Sharif-26954416/
    This is a bogus news published in 4-traders (another bogus website) which claims that “Nawaz Sharif’s has remitted the amount of 10.4 million USD from Saudi Arabia from 2014 to 2017 to Habib Bank New York Brach, which was further received in Standard Chartered Bank Raiwind Branch Lahore.”
    THERE IS NO RANCH OF STANDARD CHARTERED BANK IN RAIWIND!
    Did you enjoy!!!
    See more:
    “Nawaz Sharif had badly used Habib Bank of Pakistan, Al-Razi Bank Saudi Arabia and Standard Charted Bank.”
    THERE IS NO AL-RAZI BANK IN SAUDI ARABIA.
    so see how there is a campaign to malign NAWAZ SHARIF and PMLN to help PTI win the elections

  11. Simple question Mr Shahrooz; if this was normal banking transaction, why was Habib Bank fined for such a heavy amount 🤔

  12. I have worked in NY as a banker for 8 years and in LA for 7
    7 years in Mgt position. It is true that HBL paid a fine of over$200 M as a settlement as bank violated the anti money laundering laws from 2009 till 2016. These violations were not Nawaz specific but did include money transfers from Saudi Arabia to different countries including Pakistan. Al Rajhi bank with slight different spelling is operating in Saudi Arabia for many years. Standard Charter have 101 branches in Pakistan including one in Lahore at Raiwind Road. It appears mix of Raiwind Road with Raiwand City.

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