A Special courtroom in Lahore on Saturday constant September 7th for the indictment of Prime Minister Shehbaz Sharif, his son Hamza Shahbaz, and others, for their alleged involvement in Money laundering of Rs16 billion inside the sugar scam.
The Federal Investigation Agency (FIA) booked Shehbaz and his sons Hamza and Suleman in November 2021 beneath sections 419, 420, 468, 471, 34 and 109 of the Prevention of Corruption Act and r/w 3/4 of the Anti money Laundering Act. Suleman Shehbaz is absconding in the United Kingdom.
In December 2021, the FIA had submitted the challan in opposition to Mian Shehbaz sharif and Hamza Shahbaz earlier than the special court for their alleged involvement in laundering an amounting of Rs16 billion in the sugar scam.
Consistent with the FIA file submitted to the court , the research team has “detected 28 benami accounts of the Shehbaz own family via which cash laundering of Rs16.3bn become devoted throughout 2008-18. The FIA tested the cash path of 17,000 credit transactions.”
The record introduced that the quantity turned into saved in “hidden money owed” and “given to Shehbaz in a private ability”.
This quantity (Rs16 billion) has not anything to do with the sugar business (of Shehbaz own family), it claimed. The money obtained from the money owed of low-salary employees through Shehbaz changed into transferred outdoor Pakistan through hundi/hawala networks, ultimately destined for the beneficial use of his own family participants, the FIA had alleged.
“11 low-paid employees of the Sharif organization who ‘held and possessed’ the laundered proceeds on behalf of the principal accused, are observed guilty of facilitating cash laundering. The three different co-accused of the Sharif organization additionally actively facilitated the cash laundering,” the business enterprise had said.