The relatives were also the shareholders of said companies, NAB’s prosecutor informed the court. Were these companies established in 2005?
To this, NAB replied that at different points of time after 2005, these companies were established. The prosecutor further added that eight major companies had also been established between 2008 and 2018. The assets of Rs299 million and 26 TTs had been transferred in Nusrat Shehbaz.
At this, Shehbaz s counsel Amjad Pervez argued that this case was a hearing related to Shehbaz Sharif.
Salman Shehbaz received TTs valuing Rs1 billion and Rs60 million, the NAB argued further.
Justice Najafi asked that what was the age of Salman Shehbaz when he received his first TT? The NAB’s prosecutor replied that he was 23 years old at the time.
The release of PML-N President Shehbaz Sharif was postponed again on Friday as the Lahore High Court did not issue the written judgment of the money-laundering case. PML-N’s Azam Nazeer Tarar, on the occasion, has said that Shahbaz can only be released when it is given. The LHC had approved the bail of the PML-N president in a money laundering case against him on April 14. His remand was extended on April 15 as he could not appear before the bench for the case hearing. The jail administration stated that it could not present the former Punjab chief minister as it was dealing with the protests staged by the workers of outlawed Tehreek-e-Labbaik Pakistan (TLP). The Nati.
Shahbaz Sharif gets bail in money laundering case
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April 15, 2021
LAHORE: The Lahore High Court (LHC) on Wednesday granted bail to Leader of Opposition in the National Assembly Shahbaz Sharif in assets beyond means and money laundering case.
The court directed Sharif to submit two surety bonds of Rs5 million to avail the relief. The division bench comprising Justice Sardar Muhammad Sarfraz Dogar and Justice Asjad Javaid Ghural heard the post-arrest bail petition filed by the PML-N leader.
As the proceedings started, NAB prosecutor Faisal Bukhari advanced his final arguments and opposed Sharif’s bail plea. He submitted that Shahbaz Sharif family inherited Ramzan Sugar Mills only whereas their assets were about Rs16.5 million before 1990. However, their assets reached Rs7 billion in 2018 and there were nine Benamidars who owned many assets, he added.
NAB court extends judicial remand of Shehbaz Sharif in money laundering case
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NAB court extends judicial remand of Shehbaz Sharif in money laundering case
LAHORE (Dunya News) – Accountability court on Thursday has extended judicial remand of Pakistan Muslim League-Nawaz (PML-N) president Shehbaz Sharif after reviewing jail warrant in money laundering reference.
The National Accountability Bureau (NAB) court has also approved exemption from the hearing plea of Opposition Leader in Punjab Assembly Hamza Shahbaz and adjourned the proceedings till May 4.
LHC approves bail plea of Shehbaz Sharif in money laundering case
Earlier, Lahore High Court (LHC) had approved bail plea of Shehbaz Sharif in money laundering case.
LHC approves bail plea of Shehbaz Sharif in money laundering case
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LHC approves bail plea of Shehbaz Sharif in money laundering case
LAHORE (Dunya News) – Lahore High Court (LHC) on Wednesday has approved bail plea of Pakistan Muslim League-Nawaz (PML-N) President Shehbaz Sharif in money laundering case.
During the hearing conducted by a two-member bench of LHC, National Accountability Bureau (NAB) representative completed his arguments.
After listening the statements of both sides, the court granted bail to PML-N leader and directed the authorities to release him from Kot Lakhpat jail over two surety bonds of Rs5 million each.