Times of Islamabad

NAB gives an extraordinary dose to Sharif family over money laundering and corruption probes

NAB gives an extraordinary dose to Sharif family over money laundering and corruption probes

ISLAMABAD – The National Accountability Bureau (NAB) has takenextraordinary steps in corruption investigation against Sharif family anddecided to appoint “receiver” on their income.

According to the reports, the corruption watchdog body will appointreceiver on the income of more than 25 companies including Ramazan Sugarmills, Power Plant and 2500 kanal commercial properties of Sharif family.

As a result of being appointed receiver, Maryam Nawaz, Shehbaz Sharif,Hamza Shehbaz, Salman Shehbaz, Yousuf Abbas Sharif and other stakeholdersof the companies will not be able to receive the revenue and profit ofbillions of rupees from companies and properties.

The receiver will deposit there amounts in special bank accounts. TheSharif family will not utilize this amount till the decision of allcorruption cases filed against them.

Recovery and Disbursement Management Cell of NAB will supervise thefinancial and income related matters.

The Lahore NAB took this step against Sharif family after getting solidevidences during the investigation of corruption cases. The approval willbe taken from the concerned accountability court for appointment of thereceiver.

The corruption watchdog body of Lahore will file a TT scandal and incomebeyond sources income another references against Shehbaz Sharif and hissons Hamza and Salman Shehbaz.

It was also reported that the NAB has authority to appoint any officer asreceiver under the Section 12 of related NAB region. “If any property,company or any factory is far away from the regional office of the NAB thenit can take the services of concerned deputy commissioner.

Earlier, difficulties increased for Sharif family as two key accused ShahidRafique and Aftab Mehmood has become approver against Sharif family in moneylaundering case.link

An accountability court on Saturday accepted the plea to transfer the twoaccused into the NAB custody from jail.