Akbar says all the transactions were carried out through fake Telegraphic Transfers.

Shehbaz Sharif set up 32 to 33 companies through fake TT transactions, says special assistant.

All the transactions of fake companies were carried out and monitored through the CM secretariat: Akbar.

(Karachi) Special Assistant to Prime Minister on Accountability Shahzad Akbar has said that there had been a drastic increase of seventy percent in the assets of Shehbaz Sharif and his family during the past 10 years while he was serving as the chief minister of Punjab. He added that the government is now freezing assets of Salman Shahbaz.

Addressing a press conference along with Federal Minister Murad Saeed, he said that the assets of Salman Shahbaz increased to a whooping eight thousand percent and Shehbaz Sharif’s assets rose by seventy percent.

He maintained that the said assets and properties were accumulated during the past ten years.

Akbar said that the Sharif family could not give a satisfactory evidence to prove their innocence. He said they were involved in corruption worth billions of rupees. “All the transactions were carried out through fake Telegraphic Transfers (TT).”

He said that Shehbaz Sharif set up 32 to 33 companies through fake TT transactions.

He pointed out that they established businesses in the names of their political advisors. He said that all the transactions of fake companies were carried out and monitored through the CM Secretariat.

The special assistant revealed that three persons: Nisar Gul, Malik Ali and Tahir Naqvi were involved in large scale corruption and running fake companies for Shehbaz Sharif and his son Salman Shehbaz.

He said the accused carried out money laundering worth Rs7 billion to Rs8 billion in the name of GNC company.

He said that Sharif family tried to legalize companies shown on papers. He said Shehbaz Sharif and his sons used to circulate the huge amounts in bank accounts and then the cash was injected in their fake businesses.

Akbar said that Shehbaz Sharif’s family tried to legalize the entire process by showing fake and forged documents.

He said all the sales were shown only on papers but in reality the documents of their fake companies did not had any evidence of the sales invoices.

He added some of the people involved in corruption with Shehbaz Sharif and his family has been exposed while some are facing trial in the courts.

He said the money received through the fake business was used to purchase plots while the rest of the money was deposited into the accounts of Salman Shahbaz. He said that Shehbaz Sharif used his bullet-proof vehicle and elite force for money laundering.

He maintained that Shehbaz Sharif failed to answer the allegations leveled in the Daily Mail report against him. He asked Shehbaz Sharif to file a case in a court in United Kingdom against the claim of the Daily Mail report.

Shahzad Akbar also asked 18 questions from Shahbaz Sharif and asked him to justify his stance. He asked, "Did Nisar Gul did not travel with Salman Shehbaz to London, Dubai and Qatar?"

Regarding the settlement of a business tycoon's assets, he said that the government is thankful to the NCA for settling the matter. He said that £190 million have been transferred to the Pakistani government by United Kingdom. "The main aim of the government is to bring the looted money back into the country."