Hamza Shahbaz not cooperating in inquiry of assets beyond means case
- The NAB prosecutor says Hamza Shahbaz is not cooperating in the inquiry of assets beyond means case.
- The physical remand of Hamza Shahbaz has been extended for a further 15 days.
- In 2001, assets of Hamza Shahbaz were Rs22million while in 2017, it rose to Rs411million and he failed to justify the legality of this amount.
The National Accountability Bureau summoned Hamza Shahbaz in connection with the income beyond means case, however, he is not cooperating in the inquiry.
A combined investigation team of NAB quizzed him for over an hour with regard to details of his properties in and outside the country.
“The leader of Pakistan Muslim League Nawaz (PML-N) Hamza Shahbaz is not cooperating in the inquiry of assets beyond means case,” Hafiz Asadullah Awan, NAB prosecutor said.
The prosecutor further told that the physical remand of HamzaShahbaz has been extended for a further 15 days. He said RS55milion was transferred in Hamza’s bank account during 2005-2007.
The NAB had arrested HamzaShahbaz in two cases regarding money laundering and holding assets beyond means.
Prior to his arrest today, Hamzahad said that not even a ‘single rupee’ corruption could be proven against him.
Hamza is facing inquiries in the cases related to Ramzan Sugar Mills, money laundering and assets beyond means. His arrest came hours before the budget 2019-20.
After a long battle, the NAB was able to arrest HamzaShahbaz. The NAB told the court that Rs180 million were transferred to the account of Shahbaz between 2005 and 2008. However, Hamzafailed to give a satisfactory answer to the transaction of Rs180million.
The accountability bureau said assets ofHamzaShahbazwere Rs22million assets in 2001. The assets owned by Hamza rose to a value of Rs411million in 2017. The prosecutor said Hamza failed to justify the legality of his RS388million.