Cabinet approves the inclusion of Leader of Opposition and PML-N President Shahbaz Sharif and his family in ECL, Shahbaz Sharif’s name included in ECL.On NAB recommendation, Shahbaz Sharif’s wife Nusrat Shoaib Qamar including Shahbaz, Rabia Imran, Jawariya Ali, Nisar Ahmed, Ali Ahmed Khan, Zahir Naqvi, Qasim Qayyum, Rashid Karamat, and Fazal Dad Abbasi. The federal Cabinet has approved the inclusion of Shahbaz Sharif’s name in the ECL through a circulation summary.
In the money laundering case, NAB arrested Shahbaz Sharif from the courtroom on the expiry of his interim bail, after which the accountability court handed him over to the NAB on a 14-day physical remand. According to NAB Lahore, Shahbaz Sharif Money laundering of billions of rupees, Shahbaz Sharif created assets worth billions of rupees through his frontmen, employees, and money changers. According to NAB Lahore, Shahbaz Sharif’s assets were worth Rs 2.1 million in 1990, but his assets and those of his children were worth Rs 1.8 million in 1998. Shahbaz Sharif and his sons set up nine business units from 2008 to 2018. The inquiry was started after receiving a complaint against Shahbaz Sharif from the SBP’s Financial Monitoring Unit.
The NAB has released details that how did Shahbaz Sharif get four valuable flats in Britain during his exile? According to documents, Shahbaz Sharif borrowed money from a businessman, Barclays Bank UK, niece Asma Dar, and others to buy four flats. For this flat, 75 thousand pounds was borrowed from a businessman, and 1 lac 60 thousand was borrowed from Barclays Bank.
Also Besides, the third flat was bought in 2007 for 6 lac 5 thousand pounds. According to NAB documents, the fourth flat in London was bought in 2009 for 2 lac 86 thousand 7 pounds for the flat, as well as 55 thousand 400 pounds from other close associates.