Court to indict PM Shahbaz, Hamza on Sept 7 in Rs16bn money laundering case

Court to indict PM Shahbaz, Hamza on Sept 7 in Rs16bn money laundering case

Prime Minister Shahbaz Sharif (L) and Hamza Shahbaz (R)

LAHORE: A special court in Lahore on Saturday set a date for Sept. 7 to indict Prime Minister Shabazz Sharif and his son Hamza Shabaz in a money laundering case of 16 billion rupees.

At the opening of today’s hearing, the Special Court (Central Court I) announced that Shahbaz, his Sharif, his son Hamza, his Shahbaz, and other co-defendants in the case would be brought to the next hearing as indictments. summoned.

LAHORE: A special court in Lahore on Saturday fixed September 7 as a date for the indictment of Prime Minister Shahbaz Sharif, his son Hamza Shahbaz in the Rs16bn money laundering case.

At the outset of today’s hearing, the Special Court (Central-I), has summoned Shahbaz Sharif, his son Hamza Shahbaz and other co-accused on the next hearing for framing charges against them in the case.

Meanwhile, the court adjourned the case till the next hearing.

‘No evidence of corruption’

On June 13, a special court found that there was “no evidence of corruption, abuse of authority, or bribery” in a large-scale money laundering case against Prime Minister Shebaz Sharif and his son Hamza Shabaz.

In a written order confirming their bail prior to arrest, the court arrested Prime Minister Shabaz and Hamza CM after the Federal Investigation Agency (FIA) secured bail in the case of the National Accountability Agency (NAB). He said he wanted, and had the intention of FIA “malicious”.

A special court hearing the FIA’s rupee 16 billion money laundering case against the Prime Minister and Hamza granted bail to the two before being arrested last week.
“… there is no solid evidence at this time, so satisfaction, corruption, abuse of public authority, bribes, and allegations of fees need further investigation during the trial,” the order states.

According to the order, the Investigative Service (IO) has so far not mentioned in the diary that the petitioner had to be detained for further investigation.

The Special Court ruled that no arrest was necessary as the investigation into the case was completed and an indictment had also been filed. , citing 64 testimony involved in the incident linked to Rs 60.7 crore.

It added that none of the 64 depositors’ statements mentioned the prime minister and the prime minister’s name. “Furthermore, these statements do not include bribery, kickbacks, commissions, etc.

Prosecution’s ‘mal intent’

According to the order, the FIA ​​began an investigation when Hamza and Shebaz were already detained at NAB. She pointed out that they had her two interrogations on December 18, 2022 and on January 8, 2021. After they were released from NAB detention, the court stated that the FIA ​​had asked them to appear in front of her.

“This was that the prosecution wanted to arrest her again after her release. Shows and shows her malice, “reads a special court order. The Court added that even though Hamza Shahbaz was CEO of Ramazan Sugar Mills, prosecutors failed to prove that the accounts used to launder money were opened on his orders.

Initially, the FIA ​​alleged that Hamza was involved in corruption worth his Rs 25 billion, but then in the indictment he was implicated in corruption worth his Rs 16 billion, the court said.

In December 2021, the FIA ​​filed a special court case against Shehbaz and Hamza, alleging that he was involved in laundering Rs 16 billion in sugar fraud. According to the FIA ​​report filed with the Court, the investigative team “discovered 28 of his Benami accounts belonging to the Shehbaz family that were used to launder Rs 16.3 billion between 2008 and 2018.

The FIA ​​investigated tracking money from his 17,000 credit transactions.”

She claimed that this amount (Rs 16 billion) had nothing to do with the sugar business (of the Shebaz family). The money, allegedly obtained from a low-wage worker’s account, was sent outside Pakistan via the Hundi / Hawala network and eventually used by his family for charitable purposes, she said. The FIA ​​said.

“Her 11 low-wage Sharifs who” owned and held “laundered earnings on behalf of the main defendant Employees of her group convicted of supporting and facilitating money laundering received. Her three other co-defendants in the Sharif Group were also actively promoting money laundering, “the agency said.

 

Credit/Source : THENEWSPK

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