NAB says probe launched against Nawaz over media reports

World Bank

World Bank

But as the news spread like wildfire on May 8, the World Bank issued a press release denying any such mention of money laundering in its report.

According to the statement, the World Bank's Remittances and Migration Report is an effort by the World Bank to estimate migration and remittances numbers across the world. According to Dawn, Prime Minister Shahid Khaqan Abbasi strongly criticised the NAB for launching the probe and asked the National Assembly to constitute a committee which would summon the NAB Chairman Justice Javed Iqbal and investigate the allegations.

Prime Minister Shahid Khaqan Abbasi today blasted the head of Pakistan's anti-graft body in parliament for launching a probe against ousted premier Nawaz Sharif for allegedly laundering United States dollars 4.9 billion to India, saying his action amounted to "pre-poll rigging".

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

The prime minister while addressing the National Assembly alleged that the institution [NAB] has overstepped its domain.

He noted that general elections will be held in Pakistan in two months and the NAB is making allegations that the former premier was sending money to India.

He said these are very serious allegations which have brought bad name to the country.

A day earlier, the NAB announced to launch a probe on the basis of information, in the World Bank's migration and remittance book released in September 2016, that foreign exchange reserves of India had increased by $4.9 billion after receiving a huge amount sent through money laundering from Pakistan, inflicting losses to national kitty. He said that the accountability watchdog is committed to its policy of seeing the "case" not the "face", and "accountability for all".

The Supreme Court (SC) on Wednesday ordered the accountability court hearing the corruption references against the Sharif family to conclude its proceedings by June 9.

Nawaz Sharif is already facing NAB references in an accountability court, which accuse him of concealing facts and being employed in an offshore company, owned by Sharifs son.

Further pressing the Bureau, Abbasi said that based on the manner in which the former premier is being produced in the accountability court, he doesn't think NAB will be able to provide justice to Nawaz Sharif. If convicted, Sharif could face jail time. It said that any investigation pertaining to money laundering falls under NAB's jurisdiction.

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