Pakistan Muslim League – Nawaz (PML-N) vice chairman Hamza Shehbaz was arrested by the National Accountability Bureau (NAB) after the provincial opposition chief’s bail plea was rejected by the Lahore High Court (LHC).
The arrest befell after a two-member LHC bench, headed by Justice Mazahir Ali Naqvi, dismissed bail functions filed by Hamza after his lawyer opted to withdraw the pleas in two corruption instances.
The PML-N chief is beneath investigation by NAB within the Ramzan Sugar Mills, Saaf Paani mission and belongings past identified means of earnings cases.
Numerous PML-N workers blocked Lahore’s Mall highway and protested in opposition to the transfer. A scuffle between police and occasion supporters additionally broke out outdoors the court.
Background of NAB case in opposition to Hamza
NAB has discovered proof of cash laundering on a large scale via which Shehbaz and his household collected belongings in the UK.
In accordance with sources aware about NAB’s investigation, the illegally collected belongings are value Rs85 billion to Rs100 billion and had been purchased throughout Shebaz’s tenure because the Punjab chief minister.
NAB discovered that Hamza’s declared belongings in 2003 had been value lower than Rs20 million, which elevated by virtually 2,000% to over Rs410 million after his father turned the Punjab chief minister.
Equally, his youthful brother Suleman Shehbaz’s private wealth elevated by eight,500 occasions and he now personal belongings value greater than Rs3 billion.
The investigation began when NAB found “the large quantity of suspicious money transactions” within the bank accounts of Shehbaz, Hamza, Suleman and different relations.
The Monetary Monitoring Unit of NAB forwarded an utility to the bureau’s chairman on January 12, 2018 to research the transactions.
An inquiry was allowed in October 2018 and later its standing was changed into an investigation.
On April three this 12 months, NAB arrested two suspects, Qasim Qayyum and Fazal Dad Abbasi, after founding proof in opposition to them of their involvement in cash laundering and different corrupt practices.
Throughout the course of investigation, it was discovered that Qayyum was working an unlawful overseas trade enterprise at Sadiq Plaza on Mall Street and Ali Tower MM Alam Street between 2005 and 2018.
He collected money from Suleman’s workplace in Model Town, Lahore. He then organized fictitious overseas remittances to the bank accounts of Shehbaz, Hamza, Suleman and different family members. He used the id playing cards of his workers or others, exhibiting them because the supply of those remittances.