NAB says Chaudhries are involved in money laundering

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Amraiz Khan

Lahore

The National Accountability Bureau claimed in its report submitted to a court that Chaudhry Shujaat Hussain and Chaudhry Pervaiz Elahi allegedly laundered a huge amount of money internationally through five fake accounts.
The report was submitted to the Lahore High Court in assets beyond means case, Chaudhry Shujaat Hussain and his family had assets worth Rs 2.1 million in 1985 but amazingly the assets jumped to over Rs 518.4 million in 2019.
While reacting upon the NAB statement, Chaudhry’s spokesman said that NAB is being used for political engineering, old cases against them were being repeatedly reopened and closed.
It is worth mentioning here that NAB in its report said that Chaudhry Shujaat also accumulated properties worth Rs 123 million while his sons provided over Rs 1.5 billion loans to their own companies. Rupees 581 million transferred to the accounts of Shujaat’s sons from abroad but they failed to provide money trail, said the report.
Chaudhry Pervaiz Elahi also accumulated properties worth Rs 250 million and his family received Rs 978 million from abroad through unnamed accounts.
The spokesman said that if re-hearing of 20 years old case is not political engineering then what is it, whereas, the filer of against application is unknown and reasons for reopening of this matter are also not known, whereas it is also not known why media trial is being conducted while the case is now in the court.
The spokesman further said that NAB in its reply has not been able to tell about any asset of Chaudhry Sahibaan which is more than their income. There is no mention in reply of NAB about any corruption, kickbacks, misappropriation or misuse of powers.