A banking court on Saturday issued a show-cause notice to Federal Investigation Agency-Punjab (FIA) Director Zone-I Dr Rizwan Ahmad for not submitting the investigation report in the money laundering and sugar scam inquiry against Leader of Opposition in National Assembly Shehbaz Sharif and his son Hamza Shehbaz.
The court sought a reply from the FIA chief by December 16 for not submitting a challan in the money laundering worth Rs16bn.
At the outset of the hearing, the court enquired about submission of the case challan, to which an FIA prosecutor replied that the charge-sheet has been finalized and approved by the agency board.
At the previous hearing, the court had given the FIA a last chance to file the case challan. Upon failure to submit the charge-sheet, the entire probe team would be served a show-cause notice, the judge warned.
The FIA had booked Shehbaz and his sons Hamza and Suleman in November 2020 under sections 419, 420, 468, 471, 34 and 109 – financial fraud, impersonation and forgery – of the PPC and 5(2) and 5(3) – criminal misconduct – of Prevention of Corruption Act and r/w 3/4 of Anti Money Laundering Act. Suleman Shehbaz is absconding in the UK.
The judge remarked that his court could not receive the investigation report that should be filed before the same court hearing the bail petitions in the FIRs.
The father-son duo are facing Rs25 billion money laundering charges in the sugar scandal. According to the prosecution of the FIA, Shehbaz is accused of aiding and abetting his sons Hamza and Salman in accumulating more assets than their sources of income.