LAHORE: The National Office of Accountability (NAB) has been holding two interrogation sessions a day with former Prime Minister Nawaz Sharif since he was taken into custody last Friday.
The NAB arrested the supreme leader PML-N in the Chaudhry Sugar Mills (CSM) case and obtained his physical prison until October 25.
“Mr. Sharif is not cooperating with investigators (at the NAB provincial headquarters, Thokar Niaz Baig). In each consultation, he replies that no illegal transaction has been made regarding the transfer of factory shares and that his son Hussain Nawaz should be asked, since he is doing family business, "said a source. Dawn on Tuesday.
According to the NAB, Nawaz had majority shares of the CSM during his periods as finance minister of Punjab, prime minister and prime minister of Pakistan. "Nawaz Sharif invested around Rs 2,000 million, which was disproportionate to its known sources of income, in the sugar mills of CSM and Shamim from 1992 to 2016. Nawaz also acquired 4.32 million shares worth 43 million CSM rupees on behalf of his family members at the time of his establishment in 1991. "
The office also identified a suspicious transaction of a $ 10.55 million loan to the factories by an offshore company, M / s Chadron Limited, St Hellier Jersey in 1992, was found during the investigation. "Nawaz did not identify the true owners of the offshore company in the documents, he said, adding that he acquired 11,527 million shares of factories worth more than Rs 400 million in 2008, while his income declared for the corresponding year were 47 million rupees. "
NAB said Nawaz Sharif in collusion with his daughter Maryam Nawaz, nephew Yousaf Abbas (both arrested in this case) and other defendants washed Rs410m by showing a false and fictitious transfer of 11 million shares of the sugar mills on behalf of a A foreigner, Nasser Abdullah Lootah He said that the same shares were transferred to Nawaz in 2014 when he was again serving as prime minister.
The PML-N has described it as "political victimization and selective use of NAB" against its leaders.
Suspects: NAB Lahore called 100,000 people over the past two years.
The NAB called 100,000 people during the ongoing case investigation from 2017 to date. "Only 859 suspects were arrested during the period with solid evidence," he said, adding that 700,000 people had been summoned in different corruption scams from the start of NAB in 1999 to 2016. Of these, 1,532 suspects were arrested.
Posted on Dawn, October 16, 2019