Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home Business

NAB probe another graft scandal of Sharif brothers

byCT Report
28/09/2018
in Business
Share on FacebookShare on Twitter

ISLAMABAD: The National Accountability Bureau (NAB) has launched investigation into another corruption scam involving Sharif brothers – Nawaz Sharif and Shahbaz Sharif.

According to details, the scam is related to embezzling Rs 600 million from the national exchequer to construct a nullah for the drainage of polluted water from Sharif brothers-owned Ramzan Sugar Mills.

You might also like

Nepra hikes electricity tariff by Rs2.37 for November bills

07/11/2026

Govt appoints Mustafa Ramday as PSO chairman for three years, reconstitutes board

06/11/2026

The NAB team has procured the records from Baldia Chiniot as a part of probe.

On July 6 this year, the accountability court had sentenced former premier Nawaz Sharif to a total of 10 years in prison and directed him to pay a fine of £8 million after finding him guilty on different charges in the Avenfield properties case.

Judge Muhammad Bashir found Mr. Sharif guilty of accumulating assets beyond his known sources of income.

He handed out seven-year imprisonment to the former premier’s daughter Maryam Nawaz and a fine of £2 million. She has been awarded an additional one year’s imprisonment on charges of using Calibri font to fabricate Avenfield properties trust deeds.

Whereas, her husband Captain retired Safdar has been awarded one year’s jail term.

The ex-PM, his daughter and her husband were arrested after they landed in Pakistan on July 13. They were later released on bail on Sep 19.

The miseries for the former PM compounded on July 28, 2017,when a five-member bench of the Supreme Court disqualified him in a unanimous verdict in the Panamagate case for concealing salary from a Dubai-based company.

As part of the verdict, the Supreme Court had directed NAB to file references within six weeks based on the findings of the Joint Investigation Team constituted by the court to investigate their offshore assets.

Related Stories

Nepra hikes electricity tariff by Rs2.37 for November bills

byCT Report
07/11/2026

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has approved Rs2.37 per unit hike in electricity tariff under the monthly...

Govt appoints Mustafa Ramday as PSO chairman for three years, reconstitutes board

byCT Report
06/11/2026

ISLAMABAD: Pakistan State Oil Company Limited (PSO) has confirmed the appointment of Mustafa Ramday as its new chairman following the...

SECP registers 5,003 new companies in October 2026

byCT Report
05/11/2026

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) registered 5,003 new companies in October 2026, bringing the total number...

Pakistan offers 1,000 acres of land to Turkish investors in Karachi Industrial Park

byCT Report
04/11/2026

ISTANBUL: Pakistan has offered 1,000 acres of land earmarked for Turkish enterprises in Karachi Industrial Park, inviting Turkish companies to...

Next Post

NAB files reference against 39 people in Rs10b MNM bike scam

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.