CM Shehbaz rejects NAB money laundering allegation against Nawaz

May 10, 2018 at 6:32 am

Punjab Chief Minister Shehbaz Sharif rejected money laundering allegations levelled by the National Accountability Bureau (NAB) against his brother Nawaz Sharif on Wednesday.

Speaking to the media in Lahore, CM Shehbaz quipped that the anti-graft watchdog’s sun was shining brightly in Punjab. He pointed out that the money laundering claims had been dismissed by the World Bank already.

The Pakistan Muslim League-Nawaz (PML-N) president was referring to a notice taken by NAB Chairman Javed Iqbal on a two-year old WB report doing the rounds that Nawaz laundered $4.9 billion to India.

The claims were shot down by the Washington-based multilateral agency on the same day as its local office denied that allegations were levelled against the PML-N leader in its remittance report.

“In the past day, there have been media reports citing the World Bank’s Remittances and Migration Report of 2016. These media reports are incorrect,” stated World Bank. “The report does not include any mention of money laundering nor does it name any individuals.”

Similarly, the State Bank of Pakistan (SBP) had also categorically rejected the report in 2016 that suggested an outflow of $4.9 billion from Pakistan to India as remittances and had termed it contrary to facts.

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