Islamabad (News Pulse): Pakistan Muslim league -N vice president Maryam Nawaz on Wednesday rejected the National Accountability Bureau (NAB) investigation report saying that “even a single rupee’s corruption was not established.
The NAB prosecutor told the court that the Chaudhry Sugar Mills has been registered with the Securities and Exchange Commission of Pakistan since 1992 and was established from an investment of Rs700 million, out of which Rs400m was borrowed from a bank.
He said the mills received a loan of $15m from offshore companies owned by former prime minister Nawaz Sharif’s family and added that the accountability watchdog was collecting records of Maryam’s income and tax records as well as data on the Sharif family’s offshore companies. According to the prosecutor, Maryam and Abbas had not given a clear answer on the $15m loan.
Maryam Nawaz had appeared before an accountability court in Lahore for a hearing of the Chaudhry Sugar Mills corruption case, in which she was arrested last month along with her cousin Yousuf Abbas. NAB appealed the court to grant an extension of 15 days in their physical remand but was granted a seven-day extension instead.
The investigation officer told the court that Rs900m were transferred in cash in two bank accounts that belong to Chaudhry Sugar Mills. He said the name of the person who transferred the money was not known. The accused claim that the person was their employee but have not presented his record, the IO added.
The counsel for Maryam and Abbas termed the report as “contrary to facts” and argued that the transfer of money into accounts “is not a crime”. He said that NAB had no reason to ask for an extension in remand.
Maryam Nawaz questioned why NAB had arrested her if they did not have relevant documents. “How can a person submit documents while they are under arrest?”I was arrested for political reasons because I was holding rallies,” she said.
