AVN 64.59 Decreased By ▼ -0.71 (-1.09%)
BAFL 29.25 Decreased By ▼ -0.25 (-0.85%)
BOP 4.02 Decreased By ▼ -0.03 (-0.74%)
CNERGY 3.48 Decreased By ▼ -0.07 (-1.97%)
DFML 11.70 No Change ▼ 0.00 (0%)
DGKC 42.45 Decreased By ▼ -0.08 (-0.19%)
EPCL 46.20 Increased By ▲ 0.21 (0.46%)
FCCL 11.86 Increased By ▲ 0.11 (0.94%)
FFL 5.49 Decreased By ▼ -0.06 (-1.08%)
FLYNG 5.79 Decreased By ▼ -0.13 (-2.2%)
GGL 10.67 Increased By ▲ 0.07 (0.66%)
HUBC 67.10 Increased By ▲ 0.10 (0.15%)
HUMNL 5.42 Decreased By ▼ -0.02 (-0.37%)
KAPCO 24.05 Decreased By ▼ -0.05 (-0.21%)
KEL 2.06 No Change ▼ 0.00 (0%)
LOTCHEM 25.13 Decreased By ▼ -0.07 (-0.28%)
MLCF 25.98 Increased By ▲ 0.56 (2.2%)
NETSOL 74.00 Decreased By ▼ -0.01 (-0.01%)
OGDC 83.85 Decreased By ▼ -0.20 (-0.24%)
PAEL 10.55 Decreased By ▼ -0.07 (-0.66%)
PIBTL 3.79 Increased By ▲ 0.04 (1.07%)
PPL 63.80 Increased By ▲ 0.95 (1.51%)
PRL 12.27 Decreased By ▼ -0.18 (-1.45%)
SILK 0.86 Decreased By ▼ -0.02 (-2.27%)
SNGP 39.30 Increased By ▲ 0.30 (0.77%)
TELE 7.69 Decreased By ▼ -0.13 (-1.66%)
TPLP 14.05 Decreased By ▼ -0.27 (-1.89%)
TRG 105.77 Decreased By ▼ -1.13 (-1.06%)
UNITY 13.10 Decreased By ▼ -0.07 (-0.53%)
WTL 1.19 Increased By ▲ 0.01 (0.85%)
BR100 4,035 Increased By 0.4 (0.01%)
BR30 14,332 Increased By 16.9 (0.12%)
KSE100 39,848 Decreased By -31.5 (-0.08%)
KSE30 14,767 Decreased By -4.3 (-0.03%)

Impression about acquittal of Shehbaz, his son from British court is incorrect: SAPM Akbar

  • A court in London had ordered the unfreezing of bank accounts of the opposition leader and his son, Suleman Sharif, in money laundering case
Published September 28, 2021
Follow us

Adviser to Prime Minister on Accountability Shahzad Akbar has said that the ruling by a British court does not mention the acquittal of PML-N President Shehbaz Sharif and his son Suleman in the money laundering case.

Addressing a press conference in Islamabad on Tuesday, Akbar said that the impression about the acquittal of the PML-N president and his son from a London court is incorrect.

He added that the order released by the UK court does not mention the acquittal.

The SAPM maintained that the investigation by the UK National Crime Agency (NCA) against Suleman Shehbaz and some of his family members was not initiated at the request of Asset Recovery Unit (ARU) or NAB, but Pakistan was contacted over the two suspicious transactions by the NCA.

Money laundering allegations: UK court 'acquits' Shehbaz, family

"Pakistan responded to the NCA on the questions asked by it, but the case was not filed by Pakistan," he added.

He mentioned that the NCA has recently decided to stop investigations in the case and agreed to release the funds through court. "Such a release order is not an acknowledgment that funds are from a legitimate source," he remarked.

“There is no acquittal of any sort as reported as there was no trial. Funds were frozen by NCA and NCA has decided to not investigate these funds anymore.”

He pointed out that the opposition leader is facing money laundering charges in Pakistani courts and the statements of the witnesses are being recorded. "The verdict will come soon in the cases," he said.

British court unfreezes accounts

On September 27, a British court ordered the unfreezing of the bank accounts of Shehbaz and his son, Suleman, after the NCA concluded there was no evidence of money laundering, fraud, and criminal conduct against the two.

Proceedings against Shehbaz, son adjourned till 23rd

The Westminster Magistrates Court’s Judge Nicholas Rimmer set aside the two accounts freezing orders (AFO) against Shehbaz and his son related to a December 2019 case filed by the NCA.

The bank accounts of Shehbaz and Suleman were frozen in December 2019 on a court order.

Reaction by PML-N

The PML-N seemed happy over the decision by British authorities, terming it as a proof of its vindication.

In a tweet, Shehbaz said, “Today’s decision by UK court is not just my or Nawaz Sharif’s vindication but that of Pakistan too."

"Certainly truth has greater power than all the lies, fabricated stories & character assassination!”

PML-N’s Hina Pervez Butt said the NCA had investigated financial transactions spanning over 20 years and a British court had acquitted Shehbaz and his family from the money laundering allegations.


Comments are closed.

Impression about acquittal of Shehbaz, his son from British court is incorrect: SAPM Akbar

Technical-level talks with IMF are over: Ishaq Dar

Punjab elections delay: SC bench dissloved after one member recuses himself

Intra-day update: rupee registers small gains against US dollar

Senate approves bill to curtail powers of chief justice

Lahore High Court strikes down sedition law

Countries in stronger position should help others with debt woes: IMF chief

Four police personnel martyred in Lakki Marwat blast

IMF’s ingenious approach the only hurdle to bailout

Three airports: ECC all set to reconsider engaging IFC as transaction adviser

Forex buyers, sellers: Senate panel urged to remove CNIC-video condition