Current constitutional reforms will help control money laundering: PM Khan

ISLAMABAD: Prime Minister Imran Khan said on Sunday current constitutional reforms will help controlling money laundering and if ruling of the Hudaibiya case was based on merit, money laundering would’ve been eliminated from the country.


In a meeting with the Federal Foreign Minister Fawad Chaudry, the PM said after the National Reconciliation Ordinance (NRO) obtained in Hudaibiya case, which had been used as a model by former president Asif Ali Zardari and ex-Prime Minister Nawaz Sharif, money was sent abroad and back in Pakistan through the frontmen. PM claimed Nawaz and Zardari washed the money through these ploys.

Country is caught up with inflation and loans, PM said, adding, “we had taken $60 billion in loans in last 10 years. People responsible for it should be held accountable.”

Hudaibiya Paper Mills case

The 2000 Hudaibiya Paper Mills money laundering reference was initiated on the basis of an April 25, 2000 confession statement from Ishaq Dar, wherein he admitted to his role in laundering money to the tune of $14.86 million on behalf of the Sharifs through fictitious accounts.

The witness was, however, pardoned by the then NAB chairman as Dar  become an approver for the prosecution.

LHC referee judge Justice Sardar Shamim had quashed the reference on March 11, 2014 on the grounds that if a re-investigation was allowed against the Sharif family, it would provide an opportunity to investigators to pad up lacunas.

While Nawaz was not named in the interim reference filed in March 2000, in the final reference against the Hudaibiya Paper Mills — approved by then chairman NAB Khalid Maqbool — the bureau had accused Nawaz Sharif, Shahbaz Sharif, Abbas Sharif, Hussain Nawaz, Hamza Shahbaz, Shamim Akhtar, Sabiha Abbas and Maryam Nawaz.


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