LAHORE: A banking court in Lahore on Saturday has extended the pre-arrest bails of Leader of Opposition in National Assembly Shehbaz Sharif and his son Hamza Shehbaz till December 11 in a money laundering case.
At the outset of the hearing, PML-N President Shehbaz Sharif told the court that he has “nothing to do with” Ramzan Sugar Mills as it was owned by his father.
“My children’s sugar mills suffered billions of losses because of me,” he added.
The PML-N leader told the court that NAB was also hearing the same case.
Responding to his comments, the judge told Shehbaz Sharif that the bench has noted down his points.
Meanwhile, the banking court judge ordered the Federal Investigation Agency (FIA) to present the incomplete challan against Shehbaz and others nominated in the money laundering case at the next hearing.
FIA will be given no more time for submitting the challan against the suspects in the money laundering case, the judge remarked.
Later, the judge adjourned the hearing till December 11.
FIA reacts to Ataullah Tarar’s statement
Reacting to the statement of Ataullah Tarar, legal advisor to PML-N President Shehbaz Sharif and his son Hamza Shehbaz, in which he had claimed that the FIA has failed to collect evidence of the corruption of even a single penny, the investigation agency termed it an attempt to mislead the public.
The public position, taken by Ataullah Tarar, that FIA has failed to collect evidence of corruption of even a single penny is totally frivolous and an attempt to mislead the public-at-large and therefore rebutted.
In a statement, FIA Lahore said the mega-money laundering investigations against Sharif Group are under way.
The sugar investigation team has worked very diligently to unwind the financial matrix in this extremely complex case, which is very wide in its scope, read the statement.
The FIA said that the investigation team has analyzed money-trail of over 17,000 credit transactions of over Rs16 Billion into the bank accounts of peons and clerks of Sharif Group (Sharif family) from 2008 to 2018.
The team has found indelible and incontrovertible documentary evidence regarding the direct involvement of then Punjab chief minister Shehbaz Sharif and his son Hamza Shehbaz in the affairs of Sharif Group which had been used as Sharif’s vehicle for money-laundering.
Both then Punjab CM Shehbaz Sharif and Hamza Shehbaz were holding office as public servants, and are fully accountable for the Rs 16 billion acquired secretly in the names of their peons and clerks.
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