World Media

Probe against Nawaz on basis of media reports, NAB clarifies

Probe against Nawaz on basis of media reports, NAB clarifies

"The report does not include any mention of money laundering nor does it name any individuals", it added.

In a latest update from the World Bank on the claims of remittances worth $ 4.9 billion sent to India by Nawaz Sharif, have been rejected.

Meanwhile, Prime Minister of Pakistan Shahid Khaqan Abbasi on Wednesday strongly criticised the National Accountability Bureau (NAB) for launching a probe against the ousted prime minister, reported the Dawn.

Prime Minister Shahid Khaqan Abbasi today blasted the head of Pakistan's anti-graft body in parliament for launching a probe against ousted premier Nawaz Sharif for allegedly laundering United States dollars 4.9 billion to India, saying his action amounted to "pre-poll rigging". These media reports are incorrect, according to the World Bank.

On Tuesday, NAB ordered an inquiry into the alleged money laundering of $4.9 into India by former premier Nawaz Sharif and his aides, at which the World Bank (WB) issued a statement terming the reports of alleged money laundering as "incorrect". The NAB chairman ordered an investigation against former Prime Minister. Syed Naveed Qamar of the Pakistan Peoples Party (PPP) said he partially disagreed with the idea of summoning the NAB Chairman and held it tantamount to interference in NAB affairs.

"What will be the country's future if institutions level such serious allegations against its politicians?"

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In its annual report, the statement said that the World Bank estimates bilateral remittances between countries using the methodology summarised in the World Bank Working Paper 102 South-South migration and remittances by the authors of the report.

The premier also said that the accountability court is hearing cases against Nawaz and his family.

According to NAB, it launched the probe after the World Bank's migration and remittance book released in September 2016 carried information that foreign exchange reserves of India increased by $4.9 billion after receiving the huge amount sent through money laundering, inflicting losses to Pakistan's national kitty.

Earlier, the accountability court sought more time from the top court to end the trial on references filed by the NAB against members of the Sharif family. Based on the manner in which the former PM is being produced in the accountability court, Abbasi said he did not expect the NAB would be able to provide justice to Nawaz Sharif.

Pakistan's Supreme Court had disqualified Nawaz Sharif past year, forcing the three-time prime minister to resign. If convicted in the three corruption cases, he could be jailed.