Sharif faces probe for ‘laundering money’

In further trouble to Nawaz Sharif, Pakistan’s top anti-corruption body on Tuesday ordered a probe against him and others for allegedly laundering $4.9 billion to India.

The National Accountability Bureau (NAB) in a press release said its chairman, Justice (retd) Javed Iqbal, took notice of reports making rounds on news channels claiming that Sharif allegedly laundered $4.9 billion to India, The Express Tribune reported.

Report by World Bank

According to the media report, this incident is mentioned in the World Bank’s Migration and Remittance Book 2016. However, details of the media report in question have not been mentioned in the brief statement issued in Urdu, Geo TV reported. The statement claims that the amount was laundered to the Indian Finance Ministry after which Indian foreign exchange reserves witnessed an increase and Pakistan suffered as a result.

Once formulated, this will be the fifth case against the ousted Premier by the NAB.

Earlier on Tuesday, the accountability court sought more time from the top court to end the trial on references filed by the NAB against members of the Sharif family. Accountability court judge Muhammad Bashir, who presides over the hearings, has written a letter to the top court requesting for a second extension in the trial.