Tag: Money laundering

Day after skipping NAB hearing, Shehbaz Sharif granted pre-arrest bail by LHC

Shehbaz Sharif, leader of the opposition in National Assembly, has been granted pre-arrest bail till June 17 by a Lahore High Court division bench. A day ago a team of National Accountability Bureau (NAB) raided Sharif’s Model Town residence to arrest him in cases related to money laundering and assets beyond known sources of income, after he refused to appear before NAB the third time.

32 benami companies owned by Asif Zardari likely to be confiscated

While addressing a press conference, Special Assistant to Prime Minister on Accountability Shahzad Akbar has said government is going to take legal action against several benami companies. These 32 companies are allegedly owned by Pakistan Peoples Party (PPP) Co-Chairman Asif Ali Zardari. Once confiscated according to law of Pakistan, money recovered from these companies will be deposited to national exchequer.