Nawaz Sharif arrested in Chaudhry sugar mills case

New Delhi: Trouble is refusing to die down for former Pakistan Prime Minister Nawaz Sharif. In major setback, the National Accountability Bureau on Friday arrested him for alleged money laundering in the sale and purchase of shares of Chaudhry Sugar Mills. Sharif’s daughter Maryam Nawaz name was also surfaced in the mill fraud in which she is a major stakeholder. On August 8, she was detained by NAB after she skipped appearance in the case. She is currently in judicial custody.

Currently, Sharif is serving a seven-year prison term in Panama Papers case. The NAB team took Sharif into custody from Kot Lakhpat jail and presented him before an accountability court in Lahore. He was remanded in custody for 14 days. Outside the accountability court, talking to reporters, Sharif said he will fight till end and the establishment’s effort to bow him will not succeed.

The government’s financial monitoring unit reported to NAB a huge dubious transaction involving billions of rupees with some foreign investment in the sugar mill.

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