Sharif now facing probe for laundering USD 4.9 bn to India

ISLAMABAD: In further trouble to Nawaz Sharif, Pakistan’s top anti-corruption body today ordered a probe against the embattled former Prime Minister and others for allegedly laundering USD 4.9 billion to India, media reports said.

The National Accountability Bureau (NAB) in a press release said its Chairman Justice (retd) Javed Iqbal took notice of reports making rounds on news channels claiming that Sharif allegedly laundered USD 4.9 billion to India, the Express Tribune reported.

According to the media report, this incident is mentioned in the World Bank’s Migration and Remittance Book 2016, the release said.

However, details of the media report in question have not been mentioned in the brief statement issued in Urdu, Geo Tv reported.

The statement claims that the amount was laundered to the Indian Finance Ministry after which Indian foreign exchange reserves witnessed an increase and Pakistan suffered as a result. (AGENCIES)