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NAB declares PM Shehbaz Sharif, others ‘innocent’ in money laundering case

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  • Accountability court postpones hearing till May 24.
  • PM failed to justify how family assets grew from Rs2m to Rs7bn.
  • PM’s wife, sons, two daughters amongst those nominated by NAB in money laundering case.

The National Accountability Bureau (NAB) has declared Prime Minister Shehbaz Sharif, his son Hamza Shehbaz and others “innocent” in Rs7 billion references against them for assets beyond means and money laundering filed against them by the anti-graft body.

During a hearing — which was heard by Judge Qamar-ul-Zaman at an accountability court in Lahore on Wednesday — the anti-graft body submitted a supplementary report for the money laundering reference.

PM Shehbaz’s legal representative Anwar Hussain appeared in the court, where NAB acquitted the prime minister, his son, and other people indicted in the case.

At the end of the hearing, the accountability court postponed the hearing of the case till May 24.

Earlier, the bureau had declared PM Shehbaz and his family guilty in Rs7 billion references of money laundering and assets beyond means.

NAB had claimed in references filed against the Shehbaz family that in the last 30 years, their assets had increased from Rs2 million to Rs7 billion which the family had failed to justify.

NAB had alleged that accused PM Shehbaz, in connivance with his co-accused family members, benamidars, front men, close associates, employees, and moneychangers, had developed an organised system of money laundering for the accumulation of assets disproportionate to his known sources of income to the tune of Rs7.3 billion.

Consequently, the accountability watchdog nominated PM Shehbaz, his wife Nusrat Shehbaz, sons Hamza and Suleman Shehbaz, and daughters Rabia Imran and Javeria Ali in the references.

Suleman is already a proclaimed offender in this case. The other nominated accused are Nisar Ahmad, Syed Muhammad Tahir Naqvi, Ali Muhammad Khan, Qasim Qayyum, Rashid Karamat, Masroor Anwar, Muhammad Usman, Fazal Dad Abbasi, Muhammad Shoaib Qamar, and Haroon Yousaf Aziz.

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26th Constitutional Amendment: Naqvi Congratulates the Nation on the Amendment’s Approval

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The ratification of the 26th Constitutional Amendment bill has been hailed as a success for the people of Pakistan by Interior Minister Mohsin Naqvi, who has congratulated the entire country.

The Interior Minister said in a statement that the triumph of the Pakistani people is a tribute to Allah.

In particular, he praised Allied Party leaders and JUI(F) Chief Maulana Fazlur Rehman for their support, and he declared that Maulana Fazlur Rehman’s historic and constructive role would never be forgotten.

Mohsin Naqvi commended the work of Law Minister Azam Nazeer Tarar, PPP Chairman Bilawal Bhutto Zardari, President Asif Ali Zardari, and Prime Minister Muhammad Shehbaz Sharif.

Their unrelenting efforts have paid off, he said. He underlined that the 26th Constitutional Amendment was the result of a concerted and unrelenting effort by all leaders.

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Barrister Salman Safdar informed the court that it had been 12 days since the last hearing on Bushra’s bail application.

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Barrister Salman Safdar informed the court that it had been 12 days since the last hearing on Bushra’s bail application.

Justice Aurangzeb stated, “I experienced a high fever during my last appearance in court on October 9.”

“The recovery process was prolonged,” he noted.

Safdar said that the value of the gifts was diminished by a private purchaser, who he claimed had turned approver against Bushra Bibi.

Safdar stated that the customs authorities then assessed the worth of the commodities and found no irregularities.

Justice Aurangzeb queried, “Was it the decision of the then-executive (Imran Khan) to accept the gift after remitting 50% of the total value?”

The FIA prosecutor stated that no precedent exists for accepting gifts at 50% of their worth.

“What are your instructions on the bail application of Bushra Bibi?” Justice Aurangzed conducted a further inquiry.

“We will contest it,” stated the FIA prosecutor.

The court subsequently postponed the hearing until October 23.

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The President has signed the 26th constitutional amendment, and a notification has been issued.

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On Monday, the 26th amendment was ratified by President Asif Ali Zardari, bringing the 1973 Constitution of Pakistan up to date.

Following days of negotiations between the opposition and the Treasury, the amendment was finally approved by the National Assembly and the Senate on Sunday night.

The prime minister signed the recommendation to be forwarded to the president of Pakistan for confirmation following the amendment’s approval by both chambers of the legislature.

Following its implementation, the amendment’s notification was also released.

Recall that a legislative committee will select Pakistan’s top justice following the amendment’s implementation.

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