PM Shehbaz, Hamza to be indicted on Sept 7 in cash laundering case

The Federal Investigation Company (FIA) booked Shehbaz and his sons Hamza and Suleman in November 2021 beneath sections 419, 420, 468, 471, 34 and 109 of the Prevention of Corruption Act and r/w 3/4 of the Anti Cash Laundering Act. Suleman Shehbaz is absconding within the UK.

Through the listening to right this moment, property particulars of Suleman, who was declared a proclaimed offender within the multi-billion-rupee cash laundering case, have been submitted within the court docket.

In December 2021, the FIA had submitted the challan in opposition to Shehbaz and Hamza earlier than the particular court docket for his or her alleged involvement in laundering an quantity of Rs16 billion within the sugar rip-off case.

In line with the FIA report submitted to the court docket, the investigation workforce has “detected 28 benami accounts of the Shehbaz household via which cash laundering of Rs16.3bn was dedicated throughout 2008-18. The FIA examined the cash path of 17,000 credit score transactions.”

The report added that the quantity was stored in “hidden accounts” and “given to Shehbaz in a private capability”.

This quantity (Rs16 billion) has nothing to do with the sugar enterprise (of Shehbaz household), it claimed. The cash acquired from the accounts of low-wage workers by Shehbaz was transferred outdoors Pakistan by way of hundi/hawala networks, in the end destined for the useful use of his members of the family, the FIA had alleged.

“Eleven low-paid workers of the Sharif group who ‘held and possessed’ the laundered proceeds on behalf of the principal accused, are discovered responsible of facilitating cash laundering. The three different co-accused of the Sharif group additionally actively facilitated the cash laundering,” the company had stated.