cash laundering case: Hamza Shahbaz remanded in NAB custody for 14 days

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country wide accountability Bureau (NAB) on Wednesday has been granted 14-day bodily remand of competition leader in Punjab assembly Hamza Shahbaz in belongings and money laundering instances.

in the course of the hearing, the anti-corruption watchdog instructed the accountability court that thousands and thousands of bucks have been transferred from Pakistan Muslim League-Nawaz (PML-N) leader’s account by means of individuals who were now not having passports.

On June 11, the responsibility watchdog had arrested Hamza inside the same instances shifted him to the bureau’s headquarter at Thokar Niaz Baig in Lahore because the Lahore excessive courtroom (LHC) grew to become down his applications for extension in his meantime bail.

within the hearing on June 11, Salman Butt, the protection counsel for Hamza, had argued that according to the NAB ordinance, the bureau couldn’t difficulty arrest warrants until an inquiry over the problem turned into completed.

He had similarly stated that during this situation, the research into money laundering case changed into nonetheless ongoing and his client turned into coordinating with the research group.

To which, Justice Naqvi had remarked that the judgment might be executed in keeping with the constitution, and justice might be ensured.

furthermore, the prosecutor had submitted complete info of assets of Shahbaz Sharif’s own family contributors within the court with a controversy that their belongings had been beyond their known resources of income.

“Billions of rupees have been introduced to the property of Shehbaz’s family, whereas Hamza couldn’t provide info of the resources of his income,” he brought.

The bench turned into similarly instructed by using the NAB that in the 12 months 2018, his assets were discovered to be worth Rs410 million, whereas he could not prove property worth Rs380 million, and the money was laundered to Dubai and England, and forty individuals had been concerned in the money laundering.

The court docket became also informed that the bureau had already arrested two money exchangers, and that [out of the total 40] 38 individuals have now not confessed [their crime] regardless of of the reality that the amounts have been transferred from their accounts.

“Rs180 million were laundered and Hamza was not able to provide resources of the quantity,” the prosecutor had concluded.

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