A report by the banking crime circle of the Federal Investigation Agency has revealed that billions of rupees stashed in bank accounts of staffers of Salman Shahbaz.
Salman Shahbaz is the son of Pakistan Muslim League Nawaz President PML-N president Shehbaz Sharif.
According to the report, FIA discovered Rs9.5 billion in bank accounts of staffers working at the Ramazan and Al-Arabia Sugar Mills.
Providing more details, the report said, Rs 2.3 billion was found in a bank account of a peon, Maqsood, who also purchased a luxury car worth more than Rs 15 million.
In addition to this, a sum of Rs 1 billion was discovered in an account owned by Shahbaz’s clerk Shabbir Qureshi while Rs 240 million was found in the account of another employee, Rana Wasim.
FIA has referred the matter to a combined investigation team (CIT) in addition to seeking details of accounts of the employees in various banks. It has also directed the Security Exchange Commission of Pakistan (SECP) to submit details of companies owned by Salman Shahbaz.
Non-Bailable Arrest Warrants
It should be mentioned here that on September 10, the accountability court issued a non-bailable arrest warrant against Salman Shahbaz in a money laundering case.
Salman Shahbaz’s report was presented in the court by the National Accountability Bureau (NAB) in which it was stated that the accused had gone out of the country.
The court directed DG NAB Lahore to notify the foreign office about the non-bailable arrest warrant of Salman Shahbaz.
The court had also summoned Shahbaz Sharif, his wife Nusrat Shahbaz, and daughters. Shahbaz Sharif also appeared in court along with his daughter Jaweria.
The court allowed Jaweria to leave after making an appearance.
The NAB is of the view that the Sharif family’s money laundering and anonymous companies were run from an office called ’55 K’.
According to the National Accountability Bureau, from 2008 to 2018, the assets of four members of the Shahbaz Sharif family increased by 450% while the assets of Salman Shahbaz alone increased by 900%.
In 2009, the assets of the Sharif family were more than 0.68 billion by 2018, the value of assets had reached more than 3 billion.