Lahore: The National Accountability Bureau (NAB) has released the report based on the investigation so far conducted from Muhammad Usman, the Chief Financial Officer of the Sharif family.
According to the report, accused Muhammad Usman did money laundering for Shahbaz Sharif family.
Accused Muhammad Usman started working in Ramzan Sugar Mill in 2005 for Rs90,000 per month.
The NAB report said that in 2006 the Nawaz Sharif family acquired Hudabia Engineering Mill from the Shahbaz Sharif family. Later, in 2007 the Shahbaz Sharif family formed other companies including Sharif Fed Mill to expand their business.
The report said that Muhammad Usman was asked about the funds for setting up new companies, to which Mohammad Usman said that sources of foreign remittances and loans were created for new companies. For the foreign remittances and loans, the bank accounts of Nusrat Shahbaz and her sons were used. Beefore 2007, Hamza Shahbaz managed the foreign remittances, he added.
According to the NAB report, Muhammad Usman was also asked about money laundering for Shahbaz Sharif, to which the CFO stated that he used to do everything at the behest of Suleiman Shahbaz.
