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NAB declares PM Shehbaz, family innocent in money laundering reference

LAHORE: The National Accountability Bureau (NAB) named Prime Minister Shehbaz Sharif and his family members in a money laundering investigation on Wednesday.

The NAB has filed a supplementary report in the accountability court against the PM and his family’s money laundering case.

Accountability Judge Qamar-uz-Zaman postponed further proceedings till May 24.

In October of last year, an accountability court acquitted Shehbaz Sharif and his son Hamza Shehbaz in a money laundering case.

The judgment about the acquittal of Shehbaz Sharif and Hamza Shehbaz in the case was announced by Judge Ijaz Hassan Awan of the Special Court Central-I.

The FIA filed an FIR against Shehbaz Sharif and Hamza Shehbaz in November 2020 for alleged Rs25 billion money laundering.

The charge sheet for the money laundering case was submitted in March 2022, with the amount of laundered money decreased from Rs25 billion to Rs16 billion, and the names of 100 witnesses handed to the relevant court.

The agency further alleged that the Rs4 billion in suspected transactions were tied to hidden sugar dealing, with Suleman Shehbaz named as the key suspect and designated a proclaimed offender.

It is worth noting that the three defendants in the money laundering case, Suleman Shehbaz, Tahir Naqvi, and Malik Maqsood alias Maqsood Chaprasi, have all been proclaimed absconders.

Gulzar Ahmed of Hasilpur died in October 2020, and Malik Maqsood died in June 2022, while Dr Rizwan, former FIA Lahore director, and leader of the Joint Investigation Team (JIT), also died.

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