LAHORE: The Federal Investigation Company on Monday declared PMLN President Shehbaz Sharif and his son Hamza Shehbaz as prime accused in Rs 16 bn money-laundering scams by means of accounts of sugar mills and their workers.
The FIA claimed that the father-son duo failed to offer a cash path of Rs16 bn and declared them because the principal accused within the challan submitted earlier than a banking courtroom. As per the challan, the FIA declared Suleman Shehbaz as proclaimed offender on this case together with two different accused together with Malik Maqsood Ahmad and Sayed Tahir Naqvi. As many as 100 prosecution witnesses will file their testimony on this case as prescribed within the challan.
The challan additional acknowledged: “Throughout inquiry No T34/2020 of FIA ACC Lahore, it revealed that whole deposits amounting to over Rs16 billion (period 2008-2018), had been acquired in financial institution accounts of varied low-wage workers of the Ramzan Sugar Mills Ltd (RSML), Al-Arabia Sugar Mills Ltd (ASML) and accounts of pretend corporations arrange and managed by the Sharif Group.” “Rs3.7 billion in 20J6/l7 deposited in accounts of a peon particularly Malik Maqsood working on the workplace of MD Suleman Shehbaz at Sharif Teams Company Workplace, Mannequin City Lahore,” revealed the FIA findings.
The findings revealed that “the low-wage workers of RSML/ASML admitted throughout the inquiry that these accounts had been opened and operated for the private/secret transactions of Suleman Shehbaz on the directions of Muhammad Usman, CFO of Sharif Group.” “Mushtaq Cheeniwala has supplied ‘secret-ledgers’ as proof to indicate that the cash from undisclosed secure of sugar deposited into these accounts is just Rs3.95 billion implying therein that the supply of remaining funds is ‘extraneous’ to the sugar enterprise and may greatest be defined by Shehbaz Sharif and his sons and RSML/ASML officers who managed these accounts. Vouchers, cheques and cash trails of deposits into these accounts have revealed that cash was being deposited by numerous folks at numerous affiliations, contractors, petroleum sellers, pharmaceutical distributors, flour and rice mills homeowners not associated to the sugar enterprise.”
The FIA claimed that the cash acquired by means of such accounts and individuals was acquired by Shehbaz Sharif or on his behalf. It additional acknowledged that throughout the probe, the father-son due failed to offer a cash path of Rs. 16b and refrained to reply questions.
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