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Nawaz Sharif Arrested In Chaudhry Sugar Mills Case

nawaz sharif

Nawaz Sharif remanded in NAB custody for 14 days in Chaudhry Sugar Mills case

Former disgraced and disqualified Prime Minister Nawaz Sharif was arrested in the Chaudhry Sugar Mills case by the National Accountability Bureau (NAB) on Friday.

A NAB team brought the former Prime Minister to the accountability court from Kot Lakhpat Jail where he is serving a prison term in the Al-Aziza Steel Mills reference.

Nawaz Sharif is in muddy waters again

During the proceedings, NAB requested the court for Nawaz’s physical remand for further interrogation in the case. The court granted 14-day physical to the anti-graft watchdog.

Strict security measures were put in place, with routes leading to the court being closed ahead of the PML-N leader’s appearance. The former premier will next be presented in court on October 25.

According to NAB, the accused is involved in money-laundering for purchasing shares of Chaudhry Sugar Mills. Earlier, on August 8, NAB had arrested PML-N Vice President Maryam Nawaz in the same case.

As per details of Chaudhry Sugar Mills money-laundering investigation, NAB, in January 2018, received a Financial Monitoring Unit (FMU) report showing huge suspicious transactions worth billions of rupees under the Anti-Money Laundering Act.

NAB Prosecutor’s Allegations

he NAB prosecutor had further alleged that Maryam, PML-N president Shehbaz Sharif and other Sharif family members had also been shareholders in CSM.

He had stated that CSM’s bank accounts had received foreign funds, adding that in 1992 one foreign company alone had provided Nawaz with Rs55.5 million. Awan said that they still do not know who the owner of this foreign company is.

After the NAB prosecutor concluded his statements, Nawaz’s counsel, Advocate Amjad Pervez, denied that his client had ever been a shareholder or director in CSM.

“This is not the first time that Nawaz Sharif’s assets are under scrutiny,” he said, adding that opposing governments had previously also investigated the formation of the companies, but nothing was found.

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Faisal Rahat

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