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16 July,2022 , 03:46 amAdmin

In the Rs16b money laundering case, PM Shahbaz's son was declared a proclaimed offender

Friday's Lahore Special Court, Central-I, declared Prime Minister Shehbaz Sharif’s son, Suleman Shehbaz a proclaimed offender along with another suspect in an Rs16 billion money laundering investigation.

Suleman Naqvi and Tahir Naqvi were deemed suspects by the special court. In this case, PM Shehbaz was also arrested.

The judge summoned Naqvi and Suleman to provide information about their properties. He also granted a temporary exemption to the prime minister to avoid him appearing in court. He asked him to make sure he was present at the next hearing.

Another suspect in the case was summoned by the court, Malik Maqsood Ahmed (aka "Maqsood Charasi"), who died in the United Arab Emirates last month.

The hearing was then adjourned by the court until July 30.

Money laundering case

The FIA filed a challan in December 2021 against Shehbaz, Hamza, and others for their alleged involvement with the laundering of Rs16 billion through a sugar scam.

The court received an FIA report that stated that the investigation team "detected 28 accounts of the Shehbaz families through which money laundering of Rs16.3bn occurred between 2008-18." The FIA investigated a money trail that included 17,000 credit transactions.

According to the report, the money was hidden and given to Shehbaz as a personal matter.

It claimed that the amount of Rs16 billion has nothing to do (of Shehbaz) with the sugar business. According to the FIA, the money was allegedly transferred from low-wage workers' accounts via hundi/hawala networks outside Pakistan and ultimately destined for his family members.

"Eleven low-paid Sharif employees who 'held and owned' the laundered proceeds for the principal accused were found guilty of money laundering. According to the agency, the three co-accused from the Sharif group actively supported the money laundering."

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