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N
NNI
January 17, 2020

NAB makes headway in corruption probe against Shahbaz ‘frontman’

Top Story

N
NNI
January 17, 2020

LAHORE: The National Accountability Bureau (NAB) has made major development in corruption probe against Nisar Ahmed, an alleged frontman for Pakistan Muslim League-Nawaz (PML-N) President Shahbaz Sharif.

The anti-corruption watchdog investigators have detected transactions worth over Rs226.5 million to Nisar Ahmed from a foreign country within the period of one year, and the amount was later transferred to Suleman Shahbaz, NAB sources claimed. The transactions’ records revealed that Rs226.625 million had been transferred to two bank accounts of Nisar Ahmed in 2016 from a foreign country in US dollars and Telegraphic Transfers (TTs).

It was revealed that $769,511 had been transferred to Nisar Ahmed’s bank accounts only in a month, whereas Rs20.8 amount was transferred on Sept 30 and Oct 13 the same year. The documents showed that Nisar received over Rs30.12 through TTs.

NAB sources said the accused failed to satisfy the joint investigation team regarding the transferred money. Nisar Ahmed used to take care of financial matters of undisclosed and fake companies including Good Nature Trading Company, which was established to hide black money, sources said.