NAB orders inquiry against Nawaz Sharif, others for ‘laundering’ $4.9b to India
ISLAMABAD (92 News) – The National Accountability Bureau (NAB) has ordered an inquiry against former prime minister Nawaz Sharif and others for allegedly laundering $4.9 billion to India.
According to a NAB statement, the chairman of the bureau has taken notice of media report which made the claims and ordered an inquiry against Nawaz Shairf and others for alleged money laundering.
The statement claims that the amount was laundered to the Indian Finance Ministry after which Indian foreign exchange reserves witnessed an increase and Pakistan suffered as a result.
According to the media report, this incident is mentioned in the World Bank’s Migration and Remittance Book 2016.
Another case has been opened against former premier Nawaz Sharif after Avenfield Properties, Flagship and Al-Azizia Steel Mills references.