Hamza Shehbaz's physical extended till August 21
Opposition leader is accused in Ramzan Sugar Mills, assets beyond known means of income cases
Hamza Shehbaz. PHOTO: FILE
The opposition leader is accused in the Ramzan Sugar Mills corruption case and possessing assets beyond known means of income.
The National Accountability Bureau (NAB) is also investigating a property that was bought in Lahore’s Johar Town between 2013 and 2017 and is in the process of determining the accurate value of properties not mentioned in the Federal Board of Revenue records and Election Commission of Pakistan documents.
NAB prosecutors have claimed that the PML-N leader has not been cooperating during questioning.
Shehbaz, Hamza indicted in Ramzan Sugar Mills case
The accountability watchdog further claims to have found evidence of money laundering on a massive scale through which Hamza and his family allegedly accumulated assets in the United Kingdom.
According to sources privy to NAB’s probe, the allegedly illegally accumulated assets are worth Rs85 billion to Rs100 billion and were bought during Shehbaz Sharif’s tenure as the chief minister of Punjab.
NAB claims to have found that Hamza’s declared assets in 2003 were worth less than Rs20 million, which increased by almost 2,000% to over Rs410 million after his father became the chief minister.