Poor billionaire employees of Suleman Shehbaz

FIA traces Rs9.5b detected in bank accounts of peon, clerks of Ramzan Sugar Mills, Al-Arabiya Sugar Mills

ISLAMABAD:

The Federal Investigation Agency (FIA), Banking Crime Circle, Lahore, has traced secret bank accounts of the employees of Suleman Shehbaz, the youngest son of Pakistan Muslim League-Nawaz (PML-N) President Shehbaz Sharif, with Rs9.5 billion deposits.

According to sources in the FIA, the employees worked in the Ramzan Sugar Mills and Al-Arabiya Sugar Mills, adding that the FIA had provided details of those accounts to the joint investigation team (JIT), which was investigating the case.

The sources said that the information report revealed that Rs2.3 billion was found in the bank account of Maqsood, a peon. The report also revealed that Maqsood had bought a Mercedes worth Rs15 million from that money.

Similarly, Shabbir Qureshi, a clerk, had Rs1 billion in his account; Rs240 million was found in Rana Wasim’s account, Rs640 million in Iqrar’s account and Rs520 million in clerk Tanveerul Haq’s account.

The report further revealed that Rs1.2 billion was deposited in the account of Accounts Clerk Khizar Hayat, Rs450 million was deposited in the account of Tauqeeruddin but some of the amount had also been withdrawn.

“The FIA, Banking Crime Circle, Lahore has traced these secret bank accounts and provided information to the JIT, while the FIA’s Banking Crime Circle has expanded the scope of the investigation and sought details of the accounts of all these employees,” the report said.

According to the report, details had also been sought from the Securities and Exchange Commission of Pakistan (SECP) regarding companies in the name of these employees. It added that once all the details are received, a full report will be provided to the JIT.

A combined investigation team (CIT) of the FIA had summoned the employees of the Sharif family for investigation. The employees of the Al-Arabiya Sugar Mills appeared before the investigation team and recorded statements about their bank accounts.