FIA recovers billions from Suleman Shehbaz’s employees’ bank accounts

The banking crime circle of the Federal Investigation Agency has discovered billions of rupees stashed in bank accounts of staffers of Suleman Shehbaz, the son of Pakistan Muslim League-Nawaz (PML-N) President Shehbaz Sharif, it emerged on Monday.

FIA recovers billions from Suleman Shehbaz’s employees’ bank accounts
FIA recovers billions from Suleman Shehbaz’s employees’ bank accounts

Reports suggest the agency found a staggering Rs9.5 billion in bank accounts of staffers working at the Ramazan and Al-Arabia Sugar Mills.

Providing a breakdown of the amount, the agency said, Rs2.3 billion was found in a bank account of a peon, Maqsood, who also purchased a luxury car worth more than Rs15 million.

A sum of Rs1 billion was discovered in an account owned by Shahbaz’s clerk Shabbir Qureshi while Rs240 million was found in the account of another employee, Rana Wasim.

According to reports, the agency has referred the matter to a combined investigation team (CIT) in addition to seeking details of accounts of the employees in various banks. It has also directed the Security Exchange Commission of Pakistan (SECP) to submit details of companies owned by Shabaz.

In another development the Lahore High Court (LHC)

had earlier extended the interim bail of the Opposition Leader in the National Assembly, Shehbaz Sharif, till today. The court has summoned lawyers of the parties in the case.

A  two-member bench headed by Justice Sardar Ahmad Naeem will hear the bail plea of the opposition leader. Shehbaz Sharif is expected to appear before the court.

Earlier on September 16, the Lahore High Court (LHC) had extended interim bail of Opposition Leader in the National Assembly Shehbaz Sharif in a money laundering case until September 21.

During the hearing, the bench had been informed that Shehbaz’s lawyers are busy attending a meeting of the Pakistan Bar Council, due to which they can’t appear before the court. It was requested to adjourn the case for at least three weeks.

Turning their request for three-week-long adjournment, the court had put off the hearing until September 21.

On Aug 17, the National Accountability Bureau (NAB) filed Rs7 billion money laundering and assets beyond means reference against the Shehbaz family, including his wife Nusrat Shehbaz, sons – Hamza Shehbaz and Salman Shehbaz – and two daughters, Rabia Imran and Javeria Ali.