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Incapable rulers blamed Sharif and Zardari for their failure

Lahore : Even after 8 months government ,the incapable rulers have blamed Sharif and Zardari for their failure. Price hike touching the skies with rocket speed , unemployment ,devaluation of Rupee , jamming the economy with their flop policies and making the common man life miserable ,minister for Information and Broadcasting Chaudhry Fawad Hussain on Sunday shamelessly attributed the prevailing ills in the country as a fallout to the unprecedented corruption by the Sharif brothers and Asif Ali Zardari.

The price hike, inflation, rupee depreciation and all other economic woes of the country were because of the corruption of the three families had done while in government, he added.

Addressing a press conference flanked by Minister of State for Revenue Hammad Azhar and Special Assistant to the Prime Minister on Accountability Shahzad Akbar, the minister said the elimination of corruption in the country was collective responsibility of the entire
nation. Prime Minister Imran Khan and his government could do nothing alone.

Fawad said it was the Sharif family which marked the beginning of corrupt practices. Nawaz Sharif in 1992 as a prime minister introduced the Economic
Reform Act to keep the source of money coming abroad undisclosed. It had a clause under which the source of investment could not be questioned.

Similarly, he said former finance minister Ishaq Dar had introduced money laundering in the country, who had even confessed his crime in the year 2000. He got opened fake bank accounts for the purpose.

Similarly, he said former president Asif Zardari opened a series of fake bank accounts in Sindh. The identity cards of drivers, security guards and gardeners were fraudulently used to open fake accounts for
laundering money. The expenditures of Zardari’s children, including the bills for their birthday gifts, and Bilawal House were paid through the fake accounts.

The minister said investigations against former Punjab chief minister Shahbaz Sharif in the assets beyond means case started in the year 2018. His family, including his wife and children, went abroad soon
after the investigations got underway. With that a huge amount was transferred to them through 200 Swift messages. About $20.60 million were transferred to the accounts of Shahbaz’s family and 26 million
dollars was remitted back to his bank account in Pakistan.

The minister said about $1 million was transferred to Shaahbaz’s family from the account of a poor vendor of Pind Daden Khan. About 70 persons had been identified, whose accounts were used while the identity of 14 other could not be ascertained. Shahbaz Sharif had no source of income during that period except his salary as chief minister.

He said Shahbaz Sharif had bought three apartments for his wife Tehmina Durrani. He also purchased property in DHA, Islamabad, Model Town and DHA, Lahore.

He said Shahbaz’s family had a small fraction of the wealth, which they had stashed abroad, in the country. Shahbaz had two houses in London, which he had declared.

The minister said 95 percent of the declared assets of Hamza Shahbaz had been transferred from abroad through Swift messages. Similarly, 99 percent of Salman Shahbaz’s assets and 100 percent assets of Shahbaz’s
daughters were also transferred in the country through swift messages,he added.

He said Rs 1.26 billion was remitted to Nawaz Sharif’s account from abroad through Swift messages.

The minister said the Federal Investigation Agency had identified about 5,032 fake bank accounts.

He said a whopping increase was witnessed in the country’s foreign debt, which touch $60 billion during the last decade from $ 37 billion accumulated from 1947 to 2008.

SAPM Shahzad Akbar said the government could not interfere in the affairs of National Accountability Bureau, but it would provide the Bureau every support to improve its prosecution department.

Minister of State Hammad Azhar said former finance minister Ishaq Dar was directly responsible for the country’s current economic woes. The incumbent government had managed the country to avoid default, he added.

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