Money laundering: Sharif family’s ‘frontmen’ feign ignorance about currency exchange firms

SUNDAY TIMES ISLAMABAD: Sources relayed Qasim Qayyum and Fazal Dad Abbasi refused to pick out the money exchange companies allegedly used to launder millions of rupees for Opposition Leader in the National Assembly Shehbaz Sharif and his two sons.

Qasim Qayyum was not even familiar with his cousin Shahid Rafique’s firm named Usman International whereas Fazal Dad too feigned ignorance about currency exchange companies.

Sources said a sum of Rs370 million was remitted into the accounts of Salman Shehbaz and others via these firms.

Furthermore, the National Accountability Bureau  has collected record of ten foreign currency exchange companies which transferred funds into the accounts of Shehbaz, his sons Hamza and Salman. Four of them are based in Britain whereas the rest are Dubai-based.

It is noteworthy that Hamza Shehbaz had last month denied to have received kickbacks through some agents from 2005 to 2018 as revealed during the National Accountability Bureau investigation.

Speaking to media, he said he was accused of Rs 85 billion money laundering, but, added, it was mere an allegation. He said the NAB questioned him about Rs 180 million kickbacks, ‘however some of the ministers are accusing of me of indulging in corruption of Rs 85 billion.’