Sunday, June 16, 2024

Nawaz, Maryam given exemption from appearance in Ch Sugar Mills Case

Nawaz, Maryam given exemption from appearance in Ch Sugar Mills Case
March 30, 2020
LAHORE (92 News) – An accountability court in Lahore on Monday gave former prime minister Nawaz Sharif, his daughter Maryam Nawaz Sharif, and his cousin Yousuf Abbas exemption from personal appearances in the Chaudhry Sugar Mills case. The accused have been granted exemption till a formal reference is submitted against the accused by the National Accountability Bureau (NAB) investigating the case. Nawaz Sharif’s counsel took the stance that the bail of all three suspects has been approve by high court and requested for exemption of personal appearance of Nawaz Sharif, Maryam Nawaz and Yousaf Abbas. The plea was upheld. The court has said that the accused will be called to court after the reference is submitted.
Chaudhry Sugar Mills case
The Sharif family has been accused of using CSM for money-laundering and illegal transfer of its shares. According to NAB, the family took a $15 million loan on the pretext to set up the mill despite the fact that it had already been established before the loan was acquired. The NAB maintains that more than Rs7 million worth of shares were transferred to PML-N vice president Maryam Nawaz in 2008 through mill’s shares, which were later transferred to her cousin Yousaf Abbas Sharif in 2010.