Home »General News » Pakistan » Shahbaz’s family: LHC accepts bail of two approvers in money laundering case
A division bench of the Lahore High Court on Tuesday granted post-arrest bail to two approvers Shahid Rafiqe and Aftab Mehmood in a money laundering case against Shahbaz Sharif's family. The applicants through their counsel submitted that they facilitated the family in whitening their black money and got their confessional statements recorded before a judicial magistrate.

They submitted that they had been lodged in jail on judicial remand and their custody was no longer required in the case. Shahbaz family members were facing money laundering charges in an investigation by the National Accountability Bureau. Aftab Mehmood in his statement confessed that from 2008 to 2009 he made illegal telegraphic transfers (TTs) worth millions of dollars to Pakistan to benefit the Shahbaz Sharif's family.

Aftab said that Shahid Rafique used to collect cash against TTs from the Shahbaz family equivalent to amount sent by him to the accounts of the family. Shahif Rafique also contended that he was a franchise holder of Zarco Money Exchange and provided a channel to the family for whitening their black money and fake identities were used for the purpose, he added. On April 20, the Bureau had arrested both the accused. Mushtaq alias Chini, also an approver in the case, had confessed that he facilitated son of Shahbaz Sharif, in whitening Rs 600 million.

Copyright Business Recorder, 2019


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