Pakistan

Shehbaz Sharif, Hamza Shehbaz pre-arrest bail extended till Oct 9

A special court (offences in bank) on Saturday extended the pre-arrest bail of former chief minister, Punjab and now PML-N  opposition leader in national assembly and his son Hamza Shahbaz who are accused in the money laundering and sugar scam. 

The court extended the bail of Shahbaz and Hamza till October 9 with a direction to both the accused to cooperate with the investigation team.

Opposition leader in National Assembly Shehbaz Sharif and his son Hamza Shehbaz are perpetrators in the money laundering and sugar scam inquiry by the Federal Investigation Agency (FIA).

Accused Shehbaz Sharif and Hamza Shahbaz appeared before the court while FIA director Muhammad Rizwan submitted the record of the inquiry against both.

Director alleged that the suspects had not been cooperating with the investigators, which was the main reason for the delay in completion of the investigation. He said Ramzan Sugar Mills, owned by the accused, was involved in a high-level financial fraud.

Shahbaz Sharif also made a statement that the FIA director was lying. He claimed that he was neither a director of Ramzan Sugar Mills nor he had any financial interest in the mills.

He further said that his father Late Mian Sharif had established the sugar mills and he had already transferred its ownership to his two sons Hamza and Suleman. He said that all the allegations were false and he was also facing a similar case before an accountability court on the same allegations.

A number of PML-N workers gathered outside the court to express solidarity with the party leaders, who chanted slogans against the government and in favour of the opposition leaders.

The FIA had lodged a case against Shahbaz and his sons Hamza and Suleman in November 2020 under sections 419, 420, 468, 471, 34, and 109 – financial fraud, impersonation, and forgery – of the PPC and 5(2) and 5(3) – criminal misconduct – of Prevention of Corruption Act and r/w 3/4 of Anti Money Laundering Act. Suleman Shehbaz is absconding in the UK.

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