World Bank denies Sharif laundered money to India, PM Abbasi lashes out at NAB for launching probe

The World Bank has denied and termed the media reports in Pakistan as incorrect that former Prime Minister Nawaz Sharif allegedly laundered $4.9 billion to India.

Pakistan’s top anti-corruption body, National Accountability Bureau, on Tuesday ordered a probe against the embattled former prime minister and others after reports of his involvement in the money laundering emerged in the media.

The World Bank in a statement said, “In the past day, there have been media reports citing the World Bank’s Remittances and Migration Report of 2016. These media reports were incorrect.

The World Bank’s Remittances and Migration Report is an effort by the World Bank to estimate migration and remittances numbers across the world, it said.

“The report does not include any mention of money laundering nor does it name any individuals,” said the World Bank, which was issued after media reports cited its annual report for allegations that Sharif laundered USD 4.9 billion from Pakistan to India.

Meanwhile, Prime Minister of Pakistan Shahid Khaqan Abbasi on Wednesday strongly criticised the National Accountability Bureau (NAB) for launching a probe against the ousted prime minister, reported the Dawn.

The prime minister while addressing the National Assembly asked the House to constitute a committee which would summon the NAB chairman and investigate the allegations. The premier in his tirade alleged that the institution has overstepped its domain.

He asked the House to “summon NAB chairman” to clear his position as “an allegation of very serious nature” was levelled against the former prime minister.


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