Pakistan’s National Accountability Bureau (NAB) has ordered an inquiry against former prime minister Nawaz Sharif and others for allegedly laundering 4.9 billion dollars to India, according to reports in the Pakistani media.
A statement by the NAB, which ordered the inquiry based on a media report, claimed that the amount was laundered to the Indian finance ministry after which Indian foreign exchange reserves witnessed an increase and Pakistan suffered as a result, reported Pakistan’s Geo News.
According to the media report, the incident was mentioned in the World Bank’s Migration and Remittance Book 2016. Stating that NAB has “lost all its credibility” following “baseless allegations”, the former premier continued, “The severity of the allegations cannot be ignored. It has been proven how the head of an institution made my media trial a mission.”