World Bank denies reports of Nawaz Sharif laundering $5 billion to India

World Bank denies reports of Nawaz Sharif laundering $5 billion to India

"The report does not include any mention of money laundering nor does it name any individuals", according to the World Bank handout.

The fresh clarification of the WB said its report was an effort to estimate migration and remittances numbers across the world.

According to the article, the World Bank's Remittances and Migration Report of 2016 clearly says said that Pakistan sent remittances worth USD4.9 billion to India, with the help of Nawaz Sharif, ex-finance minister Ishaq Dar, ex-governor of State Bank of Pakistan (SBP) Ashraf Mehmood and former deputy governor of SBP Saeed Ahmed - through money laundering. "These media reports were incorrect", the World Bank said in a statement.

However, the World Bank has denied that its report included any mention of "money laundering" or any individuals.

Speaking in the National Assembly on Wednesday, he said the committee should summon the Chairman and other officials of the NAB and seek evidence and relevant record from them in support of their allegations. Once formulated, this will be the fifth case against the ousted premier by the NAB.

"What will be the country's future if institutions level such serious allegations against its politicians?"

The truth should be brought out before the people, he said.

"In the past day, there have been media reports citing the World Bank's Remittances and Migration Report of 2016. The timing of the allegation requires that the internal matters of NAB be investigated", he said adding the national assembly still had time to amend the NAB laws.

Nawaz Sharif, 68, is facing three corruption cases in the accountability court following the Supreme Court's verdict in the Panama Papers case. Based on the manner in which the former PM is being produced in the accountability court, Abbasi said he did not expect the NAB would be able to provide justice to Nawaz Sharif.

"In exercise of powers conferred by Section 5 (g) and (h) of National Accountability Ordinance, 1999, the President of Islamic Republic of Pakistan has been pleased to appoint Mr. Muhammad Bashir, District and Sessions Judge (BS 21) as a Judge Accountability Court-I, Islamabad in his own pay and scale on deputation basis for further period of three years w.e.f. 10-03-2018 to 12.03.2021 or until further order, whichever is earlier", states a notification issued by the Ministry of Law and Justice.

NAB has already got Nawaz Sharif in hot waters, with at least four references against him of illegal means of income and money laundering, related to his companies, businesses, assets and properties outside Pakistan.

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