NAB launches probe against Sharif family’s CSM

LAHORE: The National Accountability Bureau (NAB) has started an investigation against Chaudhry Sugar Mills (CSM), which is owned by the Nawaz Sharif family.

According to details, the National Accountability Bureau expanded the scope of investigation against Nawaz Sharif and Maryam Nawaz and started investigation against CSM. Chaudhry Sugar Mills is owned by the Sharif family and investigations have started under the Anti-Money Laundering Act.

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The NAB has issued notices to the offices of Abu Dhabi and Dubai seeking a written reply from the management of CSM by December 7. Former Prime Minister Nawaz Sharif and his daughter Maryam Nawaz Chaudhry are on bail in the Sugar Mills case.

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In the Chaudhry Sugar Mills case, the National Accountability Bureau report revealed that Nawaz Sharif, along with Yousuf Abbas and Maryam Nawaz, laundered Rs 410 million and disclosed a loan of $15.52 million USD, a loan taken in 1992 from an offshore company.

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