LONDON: A UK court docket has ordered the financial institution accounts of PML-N President and his household’s financial institution accounts to be restored.
The UK’s Nationwide Crime Company (NCA) restored the frozen financial institution accounts of former Punjab chief minister Shahbaz Sharif and people of his son Suleman Sharif Monday.
The NCA submitted the investigation report of the financial institution accounts on the Westminster court docket by which it declared that the PML-N president and his household weren’t responsible of cash laundering and corruption.
The report stated that Shahbaz and his son weren’t concerned in cash laundering practices in Pakistan, Dubai and the UK. The NCA’s report stated 20-year-old financial institution accounts of Shahbaz Sharif have been traced however no proof of corruption, cash laundering or legal actions have been discovered.
The NCA had initiated a probe in opposition to Shahbaz Sharif and his household on the authorities of Pakistan’s request. Their financial institution accounts have been frozen in December 2019 by a court docket order.
The ARU had written a letter to the UK authorities on December 11, 2019 by which it had levelled critical corruption allegations in opposition to Suleman Shahbaz and Shahbaz Sharif.
Within the letter, the ARU stated that Shahbaz and his son have been concerned in a number of instances in Pakistan that associated to cash laundering and corruption, including that each have been concerned in “double criminalities”.
As per the precept of double criminality, the ARU has alleged that each individuals laundered stolen cash from Pakistan within the UK after which transferred the identical wealth again from the UK to Pakistan.
The British court docket has stated in its ruling that because the allegations couldn’t be confirmed in opposition to Shahbaz and Sulemn, it has stated the sooner freezing orders apart.
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