NAB arrests Sharif family employee over money laundering

An employee of Shehbaz Sharif was arrested by the National Accountability Bureau on Saturday. According to reports, he was arrested for allegedly helping and facilitating the Sharif family with corruption by holding a benami company.

The employee in question is Rashid Karamat, who has worked for Shehbaz Sharif since 2007 and represented himself as the owner of M/s Nisar Trading Concern which was also used by the Sharif family for money laundering. According to the NAB officials, transactions worth Rs. 450 million have been recorded from the account of the suspect.

According to the report, the company was set up by Rashid Karamat along with Shehbaz Sharif and his two sons Hamza and Seleman, all of whom profited from the company.

Rashid Karamat is said to have been helping the Sharif family by providing them with a channel for money laundering. The family is facing many charges similar to this for the alleged ownership of assets that they cannot prove the money trail for and other corruption practices too.

According to NAB, the total worth of assets accumulated by PML-N President Shehbaz Sharif and his sons amounts to Rs. 3.3 billion which proves that the family is part of huge money laundering.

Earlier Mohammad Mushtaq had disclosed after being taken into custody by NAB that Suleman, son of Shehbaz Sharif used bank accounts that were in the names of his employees that were usually laborers or low-paid workers.

It was also revealed in August by approvers turned against the Sharif family that millions had been laundered to Sharif family through Telegraph Transfers. The court also declared Suleman an offender in this case.

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