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Money laundering probe against Nawaz initiated on media report, NAB clarifies

Money laundering probe against Nawaz initiated on media report, NAB clarifies

ISLAMABAD: The National Accountability Bureau (NAB) on Wednesday clarified the money laundering probe against former prime minister Nawaz Sharif was initiated on basis of media reports.

According to NAB spokesperson, chairman NAB took notice of media report which claimed that Nawaz Sharif and others first laundered $4.9 billion to Dubai and then to India.

The spokesperson further said that the bureau decided the complaint verification over the said media report and disclosures as the NAB is authorized to investigate money laundering as per the law and added that NAB does not believe in victimizing or hurting someone.

Chairman NAB Justice (retd) Javed Iqbal had ordered complaint verification against former PM Nawaz Sharif and others for allegedly sending $4.9 billion to India through money laundering as per media report.

According to media reports the World Bank s migration and remittance book 2016.has carry alleged information. The foreign exchange reserves of India were increased by $4.9 billion by receiving such huge amount sent through money laundering, inflicting losses to Pakistan s national kitty as per media report.

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