Times of Islamabad

Rs 100 billion corruption and money laundering evidences found against Shahbaz Sharif: NAB sources

Rs 100 billion corruption and money laundering evidences found against Shahbaz Sharif: NAB sources

ISLAMABAD – Rs 100 billion corruption and money laundering evidences havebeen found against Shahbaz Sharif, NAB sources have revealed.

National Accountability Bureau (NAB) has found evidence of massivemoney laundering through which Shehbaz Sharif and his family membersaccumulated assets in the United Kingdom.

According to sources privy to NAB’s investigation, the illegallyaccumulated assets are worth Rs85 billion to Rs100 billion and were boughtduring Shehbaz Sharif’s tenure as Punjab chief minister.

They said the evidence found was irrefutable and showed strikingsimilarities with the money laundering and fake accounts case againstformer president Asif Ali Zardari and other Pakistan Peoples Party leaders.

NAB’s probe found that Hamza Shehbaz’s declared assets in 2003 were worthless than Rs20 million, which increased by almost 2,000 per cent to overRs410 million after his father became Punjab CM.

Similarly, his younger brother Suleman Shehbaz’s personal wealth increased8,500 times and he now has assets worth more than Rs3 billion.

The sources said NAB has also arrested some close associates andfacilitators who gave up details of the Sharif family’s corruption andmoney laundering process.

They said more arrests were expected over the coming days and other closefamily members and associates would be included in the investigation.