The UK’s Nationwide Crime Company (NCA) unfroze the financial institution accounts of former Punjab chief minister Shahbaz Sharif and people of his son, Suleman Sharif, on Monday.
The NCA had carried out a 17-month lengthy probe through which it examined Shahbaz Sharif’s monetary transactions over the previous 20 years. In it, no proof of cash laundering or legal actions in opposition to the PML-N president or his household had been discovered.
The NCA submitted the investigation report of the financial institution accounts on the Westminster court docket through which it stated that Shahbaz and his son weren’t concerned in cash laundering practices in Pakistan, Dubai and the UK.
The NCA had requested the UK court docket for an extension when it first started probing the case, stating that it wanted extra time to finish the probe in opposition to Shahbaz in a number of nations.
The company then wrote a letter to Shahbaz Sharif, calling upon the PML-N chief to share particulars of his accounts with them in any other case, they’d legally scrutinise the accounts by acquiring a manufacturing order.
The NCA had initiated a probe in opposition to Shahbaz Sharif and his household after the ARU had shared proof with the UK crime company.
Shahbaz and Suleman’s financial institution accounts had been frozen in December 2019 by the NCA following a UK court docket order.