GVS - UN anti-Money Laundering department launches investigation against Nawaz Sharif - with thanks to Nizami Khaled

UN anti-money laundering department launches investigation against Nawaz Sharif
Pakistani political perusals turn international as UN anti-money laundering department investigates Nawaz Sharif.

News Desk - July 20, 2018
Upon gathering of written evidence against former Prime Minister Nawaz Sharif, the UN anti-money laundering department has decided to start investigations against Pakistan’s former premier. Following the Avenfield verdict, it seems like PML-N leader is being investigated by global accountability bureaus.

The diligent efforts put forth by the National Accountability Bureau and the Federal Investigation Agency have shown effectiveness in their productivity prior to the upcoming general elections. Looking at the growing suspicions, the department decided to seize all records regarding financial matters of Nawaz Sharif and his family from the concerned banks.

An initial investigation against Nawaz Sharif conducted following his disqualification as the PM unravelled his remittance amounting to 10.4 million USD from Saudi Arabia in the years 2014-2017 to Habib Bank, New York Branch. This was later received in Standard Chartered Bank, Raiwind Branch, Lahore.

On 9th March, 2015, $799,945 had been transferred from Al-Razi bank to Habib Bank, New York branch and then transferred to Nawaz Sharif via Standard Chartered.

United Nations Office on Drugs and Crime, UNODC, thus announced an official investigation on Nawaz’s alleged money laundering via HBL. Upon the discovery of concrete proofs regarding the amount remittances, United States’ concerned departments ended up imposing a fine of Rs. 26 billion on HBL’s New York branch on the account of hidden massive amounts laundered.

The Detail on Nawaz’s Accounts
Nawaz Sharif had opened an account in Saudi Arabia’s bank under the name, ‘Hill Metal Company’, which had a massive amount of remittance. Nawaz Sharif had misused Habib Bank of Pakistan, Al-Razi Bank Saudi Arabia and Standard Charted Bank.

Records state that Nawaz had embezzled money amounting to $10.4 million. Since then, International Anti-Money Laundering Department has sped-up their investigation processes. According to the documents, $266,000 had been transferred to Hill Metal Jeddah, Saudi Arabia which were later rewired to Nawaz Sharif on 3rd March, 2014.

Upon gathering of written evidences against former Prime Minister, Nawaz Sharif, the UN anti-money laundering department has decided to start investigations against Nawaz Sharif.

These funds had also been released from Habib Bank Branch New York. Similarly, Al-Razi Bank, Saudi Arabia and Habib Bank were also involved in this transaction. Moreover, on 9th March 2015, $799,945 had been transferred from Al-Razi bank to Habib Bank, New York branch and then transferred to Nawaz Sharif via Standard Chartered.

On 22nd March 2015, $ 499,965 was transferred from Saudi Arabia to Habib Bank Branch New York which were later transferred to Standard Chartered Bank, Lahore in Nawaz Sharif’s accounts. During April 2015, another transaction took place where $8,165,000 was transferred from Saudi Arabia to Habib Bank New York Branch, following the same pattern, transferring the amount to Standard Chartered Bank Lahore.
https://www.globalvillagespace.com/un-anti-money-laundering-department-launches-investigation-against-nawaz-sharif/

Posted on Jul 21, 18 | 10:57 am