World Bank denies Sharif laundered $4.9 bn to India

Source: The Hitavada      Date: 10 May 2018 08:41:50


 

WASHINGTON,

THE World Bank has rejected Pakistani media reports about Nawaz Sharif laundering $4.9 billion to India.
The local office of Washington-based multilateral agency issued the press release hours after Pakistan’s anti-corruption watchdog -- the National Accountability Bureau (NAB) -- on Tuesday announced the launch of an inquiry against Sharif over money laundering allegations.


The NAB swung into action about two years after a private TV channel alleged that $4.9 billion was laundered from Pakistan to India in 2016, according to a report by the Express Tribune.


“In the past day, there have been media reports citing the World Bank’s Remittances and Migration Report of 2016. These media reports are incorrect,” the World Bank said in a statement. It added that the World Bank’s Remittances and Migration Report was an effort to estimate migration and remittances numbers across the world.


“The report does not include any mention of money laundering nor does it name any individuals,” according to the World Bank handout.
Prime Minister Shahid Khaqan Abbasi on Wednesday strongly criticised the NAB for launching the probe. Abbasi, while addressing the National Assembly, asked the House to constitute a committee which would summon the NAB Chairman and investigate the allegations.