NAB chief to defend probe against Nawaz before NA body today – Daily Pakistan

ISLAMABAD – Justice (retd) Javed Iqbal, Nationwide Accountability Bureau (NAB) chairman, will transient a parliamentary committee right now over the current probe launched towards former prime minister Nawaz Sharif on money-laundering prices.

The Nationwide Meeting’s standing committee for Regulation and Justice had ordered the anti-graft watchdog chief to seem earlier than the physique in individual after a brand new inquiry based mostly on media stories was ordered towards Sharif.

Iqbal was requested to seem earlier than the committee together with the NAB official concerned within the investigations.

The motion by NA physique got here after Pakistan Muslim League-Nawaz (PML-N) lawmaker Rana Hayat raised the purpose of order in wake of the controversial probe.

Cash Laundering Probe

On Could eight, taking discover of a deceptive newspaper article based mostly on a ‘flawed’ report of the World Financial institution, the anti-corruption watchdog began verification whether or not Sharif was concerned in sending $four.9 billion to India.

NAB launches inquiry into allegations against Nawaz Sharif, others of laundering $4.9b to India

In keeping with NAB, World Financial institution’s migration and remittance e-book launched in September 2016 carried data that overseas trade reserves of India elevated by $four.9 billion after receiving the massive quantity despatched via cash laundering, inflicting losses to Pakistan’s nationwide kitty.

WB Rejects Experiences

In a press release issued by the World Financial institution hours after the NAB’s announcement, it rejected that its Remittances and Migration Report of 2016 levelled $four.9 billion money-laundering accusations towards the previous premier.

World Bank quashes reports of money laundering by Nawaz Sharif

“Up to now day, there have been media stories citing the World Financial institution’s Remittances and Migration Report of 2016. These media stories had been incorrect,” learn the press launch.

“The World Financial institution’s Remittances and Migration Report is an effort by the World Financial institution to estimate migration and remittances numbers internationally. The report doesn’t embrace any point out of cash laundering nor does it identify any people,” it added.

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