Basis of modern corruption in Pakistan is put by Sharif Family; says Fawad Chaudhry

ISLAMABAD: On Sunday, a press conference was held in which Sharif family was held responsible by Fawad Chaudhry- the Information Minister for putting the basis of modern corruption in Pakistan.

The Information Minister said that the foreign loans shot up to $97 billion from $37 billion from 2008 to 2018 during the 10 year time period of Nawaz Sharif and Zardari.

The Economic Reforms Act was launched in 1992 by the Sharif family, said by Fawad Chaudhry, to whiten their suspicious money sent abroad before. “The suspicious transactions were spotted by authorities between 1996 and 1998 from Hudaibiya paper mills. Mian Sharif with his family members owned the mill as beneficiary.”

The former finance minister was accused by the information minister for money laundering funds of Sharif family.

It was said by him Chaudhry that, “In 2000, Ishaq Dar admitted his role before a magistrate.” He further added that, “Musharraf wasn’t able to continue the probe and gave NRO to the family.”

Asif Ali Zardari- the former president was the beneficiary from the fake accounts made to transfer money abroad, said by the information minister.

“There were more than 5,000 fake accounts detected by FIA. At least 32 accounts were managing the entire scam,” further adding that, Ayyan Ali, Bilawal Bhutto and his residence’s expense were covered by such accounts. In the scam, Omni group was included.”

Shahzad Akbar- the special assistant to accountability of Prime Minister said that, in the coming days, the emergence of ‘Ayyan Ali’ of Pakistan Muslim League-Nawaz won’t be a surprise. It was said by him that, NAB should better its prosecution as people easily get bail before arrest.

It was said by Hammad Azhar- the State Minister for Revenue that Ishaq Dar is responsible for the economic situation of the country.

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