NAB blows the lid off Salman Shehbaz’s wealth


The National Accountability Bureau (NAB) on Friday blew the lid off details about the wealth and assets of Salman Shehbaz, the son of former Punjab chief minister Shehbaz Sharif, who has been declared a proclaimed offender in money-laundering case by the anti-corruption watchdog.
The NAB report divulges eye-opening details about Salman Shehbaz wealth and assets, which include wholly-owned companies, shares in various family companies, bank accounts and property. According to the report, Salman Shehbaz owns shares worth 2.4b in 16 companies of the Sharif family. Salman Shehbaz also owns shares worth Rs1.8 billion in Chiniot Power. The NAB report reveals that Salman Shehbaz owns 206 kanal agriculture land, worth millions of rupees, in Tehsil Bowana of Chiniot.
The report claims that Salman Shehbaz owns 10 bank accounts in Pakistan and one in London while he is a share-holder in Salman Shehbaz Poultry; Sharif Dairy; Sharif Poultry Farms; Sharif Milk Products; Madni Trading; Madina Construction; Ramazan Sugar Mills; Chiniot Power; Chrystal Plastic; Hamza Spinning; Ramazan Energy and AG Energy.
The NAB documents say that Salman Shehbaz is also a share-holder in Al-Arabia Sugar Mills and Muhammad Bakhsh, besides he has invested Rs358 million in Uni Taas Company. He has made a huge investment of Rs112 million in Sharif Milk Products; Rs100m in Sharif Feeds and almost Rs100m in Sharif Dairy.
It is to be recalled that the NAB has already confiscated properties belonging to Salman Shehbaz and has declared him a proclaimed offender in alleged money-laundering and having assets beyond means cases.

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