Sharifs linked to $700,000 money laundering case

PML-N chief Nawaz Sharif was linked to a money laundering scandal to the tune of $700,000, according to a private TV channel. A report aired in a programme telecast on Wednesday revealed that travellers’ cheques worth $700,000 were deposited in accounts under the name of one Suleman Zia in a Lahore bank.

An FIA investigation under the Benazir Bhutto government in the 1990s, headed by Rehman Malik, revealed that Zia was a ‘fictitious account holder’. The FIA stated in court that a mysterious Illford-based family known as the Qazis had deposited the money in Zia’s account. However, the family discovered that transactions between the Ittefaq Group and Hudabia Paper Mills – both Sharif-owned concerns – were being made in their name.

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on Dec 25 2009. Filed under Local. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry