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NAB to file plea for declaring Hassan, Hussain Nawaz as POs

NAB to file plea for declaring Hassan, Hussain Nawaz as POs
February 8, 2020
LAHORE (92 News) – The National Accountability Bureau (NAB) has decided to file an application in the accountability court for declaring Hassan and Hussain Nawaz, sons of former premier Nawaz Sharif, as proclaimed offenders in the Chaudhary Sugar Mills case. The NAB, according to sources, will contend that both brothers have been shareholder of Chaudhary Sugar Mills and did not appear in court despite several summons. According to Chaudhry Sugar Mills investigations, NAB, in January 2018, received a Financial Monitoring Unit (FMU) report showing huge suspicious transactions worth billions of rupees under the Anti-Money Laundering Act. In January 2018, the PML-N was ruling the country. After receiving the FMU report, NAB started an inquiry in Oct 2018, and found that Nawaz Sharif, Maryam Nawaz, Shahbaz Sharif and family, Abbas Sharif and family were shareholders in the company, along with some foreigners from the United Arab Emirate (UAE) and the United Kingdom (UK). During the probe, it was revealed that huge investments were made in the mills from 2001 to 2017 in the name of issuing shares for foreigners. Interestingly, same shares of the company were transferred back to Maryam, Hussain and Nawaz Sharif at different occasions without paying any money to the said foreign business partners.