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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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The PPP and PML-N will confer on power-sharing arrangements in Punjab today.

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The coordination committees of the Pakistan Peoples Party (PPP) and the Pakistan Muslim League-Nawaz (PML-N) are scheduled to convene today at the Governor’s House in Lahore to deliberate on power-sharing arrangements in Punjab.

The PPP delegation would comprise Punjab Governor Sardar Saleem Haider, Raja Pervez Ashraf, Makhdoom Syed Ahmed Mahmood, Nadeem Afzal Chan, Hassan Murtaza, and Ali Haider Gilani.

Ishaq Dar, Azam Nazir Tarar, Rana Sanaullah, Malik Muhammad Ahmed Khan, and Maryam Aurangzeb will represent the PML-N.

The conference will discuss local issues in Punjab and offer a forum for the PPP to express its concerns over its collaboration with PML-N in the province.

Both parties seek to fortify their partnership and optimize governance techniques in Punjab.

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Sheikh Rasheed says PTI and government negotiations won’t provide any results.

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Sheikh Rasheed voiced his worries about the nation’s ongoing political dilemma while speaking outside the Anti-Terrorism Court.

According to Sheikh Rasheed, a committee was established to negotiate, but the process has not produced any tangible results. In order to emphasize the seriousness of the situation, he said, “Political conditions are extremely bad.”

He made the joke, “Even after war, if negotiations fail, then it will all come down to judo karate,” in reference to the next steps.

“Everyone there prays for Pakistan’s betterment,” Sheikh Rasheed, who had returned from Saudi Arabia, said. He emphasized the necessity for the nation’s circumstances to improve and stabilize.

Assad Qaiser, a former speaker and PTI leader, had earlier called on Speaker Ayaz Sadiq of the National Assembly to discuss the official start of talks with the government.

The two leaders shared their opinions on bringing parties together on matters of national importance and reducing political tensions and conflict.

“I will persuade my people, you persuade the hardliners in your party,” Ayaz Sadiq said to Assad Qaiser.

The party’s founder is in jail, and the PTI leadership has asked to meet with him. “We will continue to confer with him,” Assad Qaiser declared.

Earlier, PTI leader Shaukat Yousafzai stated that if the discussions don’t begin, a campaign of civil disobedience will begin on December 14.

Speaking to the media Regarding the meetings, Yousafzai claimed that the government ministers were making insincere remarks.

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Bushra Bibi maintains bail as the IHC concludes the FIA’s petition.

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The Islamabad High Court (IHC) conducted a hearing about the Federal Investigation Agency’s (FIA) plea for the revocation of Bushra Bibi’s bail.

The court, led by Justice Miangul Hassan Aurangzeb, rejected the FIA’s petition during the hearing.

Judicial Proceedings

Justice Miangul Hassan Aurangzeb sought information regarding Bushra Bibi’s location, to which her attorney, Barrister Salman Safdar, affirmed her attendance in court.

The judge urged the counsel to regard the matters with gravity, underscoring the necessity of adherence to trial protocols.

The court sought details about instances where Bushra Bibi had been exempted from attending trial hearings and clarified that if the High Court grants bail and the accused fails to appear, the trial court holds the authority to cancel the bail.

Justice Aurangzeb assured that such actions would not amount to contempt of the High Court’s order.

Based on these considerations, the court closed the proceedings and dismissed the FIA’s plea.

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