LAHORE: The National Accountability Bureau (NAB) has started an investigation into another case against Shehbaz Sharif and his sons for allegedly transferring money abroad through illegal hundi and hawala method.
According to reports, it transpired during the investigation that millions of rupees were moved out of Pakistan through hundi-hawala mode.
Hundi and hawala is an unofficial/illegal alternative remittance and money exchange system enabling transfer of funds without their actual physical move.
Reportedly statements of several people have been recorded against Shehbaz Sharif and his sons – Hamza Shehbaz and Salman Shehbaz – for their alleged involvement in illegal transfer of money abroad.
NAB had arrested Shehbaz Sharif on October 5 last year under corruption charges in Ashiana Iqbal scandal.
Shehbaz also faces pending inquiries about Ramzan Sugar Mills and owning assets beyond his stated means of income.
The leader of the opposition in National Assembly was recently advised by doctors for complete bed rest.
Shehbaz, according to reports, was suffering from a severe backache because of which he excused himself to chair the meeting of a parliamentary committee upon medical advice.
NAB had launched an investigation against the Hamza Shehbaz and his brother Salman Shehbaz for allegedly amassing assets beyond declared sources of income. Hamza had earlier obtained protective bail from the Lahore High Court (LHC) to avoid his possible arrest at the hands of the Bureau.
On Jan 8, NAB decided to nominate Hamza Shehbaz in the Ramzan Sugar Mills case as well.
