Shehbaz, Hamza granted bail in money laundering case

04:29 PM | 11 Jun, 2022
Shehbaz, Hamza granted bail in money laundering case
Source: File photo

LAHORE – A special court has granted pre-arrest bail to Prime Minister Shehbaz Sharif and his son Punjab Chief Minister Hamza Shehbaz in Rs16 billion money laundering case.

Reports in local media said Special Central Court Judge Ijaz Hassan Awan asked the Sharif family members to submit the surety bond worth Rs1 million each.

A large contingent of security personnel was deployed outside the court. The premier and his son came under strict security protocol where adjoining areas leading to the accountability court were blocked.

During the hearing, the counsel of Sharif Advocate Amjad Pervez argued that the Federal Investigators) had not found any evidence which could establish a connection between the premier and the chief minister with the accounts mentioned in the Rs16bn money laundering case.

FIA Prosecutor, however, mentioned that substantial evidence has been collected from the time when Sharif was the Punjab chief minister and two cheques were also deposited to one Gulzar's account.

FIA also noted that two of the accused were not been included in the probe. ed its decision.

The development comes days after a key suspect in a money laundering case and former worker of Ramzan Sugar Mill, Maqsood Chaprasi, died of a ‘natural death’ in Dubai.

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Top PML-N leaders were booked in the case along with Suleman Shehbaz, who was absconding in the UK.

Last year, the investigation agency submitted a challan against the two PML-N leaders before the court for their alleged involvement in laundering an amount of Rs16 billion in the sugar scam case.