Recovery of Rs9-10b expected after Eid, reveals Shahzad

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Staff Reporter

Special Assistant to Prime Minister on Accountability Barrister Shahzad Akbar Wednesday claimed that a recovery of around 9 to10 billion rupees is expected after Eidul Azha.
Addressing a press conference in Islamabad, Shahzad Akbar said that incarcerated former prime minister Nawaz Sharif received US$15 million loan in Bahrain and got subsidy through offshore company, adding that the sugar mill was built before the money was transferred to Pakistan.
He said that machinery for the sugar mill had to be bought with the debt money.
Shahzad Akbar went on to say that the Qazi family was used for money laundering who have already confessed through an affidavit. He further revealed that a recovery of around Rs9-10 billion is expected after Eidul Azha.
The Special Assistant to PM said that the whole Sharif family is a shareholder in Chaudhry Sugar Mills, adding that if they have money trail they should hand it over to the National Accountability Bureau (NAB).