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Parliamentary committee summoned NAB chairman to appear

16 May, 2018

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ISLAMABAD: A parliamentary committee on Tuesday summoned National Accountability Bureau (NAB) chairman retired Justice Javed Iqbal to appear before it on Wednesday to give an explanation over the bureau’s move to initiate an inquiry into alleged money laundering to India by PML-N’s supreme leader Nawaz Sharif.

The National Assembly Standing Committee on Law and Justice headed by ruling Pakistan Muslim League-N (PML-N) MNA from Sahiwal Chaudhry Mohammad Ashraf summoned the NAB chief hours after the issue was raised by Rana Hayat Khan while speaking on a point of order in the house and was referred to it by former law minister Zahid Hamid who was presiding over the session at that time.

The committee, which is also set to take up an important constitution amendment bill seeking merger of the Federally Administered Tribal Areas (Fata) with Khyber Pakhtunkhwa, shows a five-point agenda issued by the NA Secretariat for the hurriedly-called meeting.

Last week, Prime Minister Shahid Khaqan Abbasi had criticised NAB on the floor of the National Assembly for its “faux pas” over the alleged $4.9 billion money laundering to India by Mr Sharif.

Mr Abbasi also read out the controversial press release that had been issued by NAB announcing that the bureau had started verifying whether Mr Sharif was involved in sending the money to India.

According to NAB, the World Bank’s migration and remittance book released in September 2016 carried information that foreign exchange reserves of India increased by $4.9bn after receiving the huge amount sent through money laundering, inflicting losses to Pakistan’s national kitty.

While the World Bank promptly responded to the NAB move and stated “the report does not include any mention of money laundering nor does it name any individuals”, the State Bank of Pakistan said the estimates showed in the WB report were based on “assumptions” which did not reflect the reality.

Lashing out at the NAB chairman for ordering a probe merely on the basis of a media report, the prime minister had asked NA speaker Ayaz Sadiq to constitute a special committee to summon the NAB chairman and seek an explanation.

However, Mr Abbasi’s proposal to form the committee was rejected by the Pakistan Tehreek-i-Insaf (PTI) whereas the Pakistan Peoples Party (PPP) and the Muttahida Qaumi Movement had sought time for consultation with the leadership on the issue.

When the opposition reminded the ruling party that it had rejected a similar demand of the opposition parties when the Panama Papers scam had surfaced some two years ago, Parlia­mentary Affairs Minister Sheikh Aftab had admitted that it was their “mistake”.

The prime minister had termed the NAB’s latest action “pre-poll rigging”, saying the allegations of money laundering against Mr Sharif were being levelled at a time when general elections were just two months away. He had also sought the opposition’s cooperation in amending the accountability laws, saying they still had time to do it before the expiry of the National Assembly’s term on May 31.

“The NAB chairman should be summoned to clear his position as a very serious allegation of sending money to the enemy country has been levelled against the former prime minister,” Mr Abbasi had said.

Hours after the prime minister’s speech, NAB issued a statement clarifying that it was conducting the verification of the allegation as per law.

The bureau rejected “the impression of revenge or hurting anyone” saying NAB “does not believe in revenge and (is) determined to eliminate corruption without any discrimination”.

It said that the bureau’s press release was based on a media report which had referred to the World Bank’s Migration and Remittance Fact Book Report 2016 alleging the sending of $4.9bn to India.

According to the alleged media report, it said, Nawaz Sharif, former finance minister Ishaq Dar, former governor of State Bank Ashraf Wathra and former deputy governor of State Bank Saeed Ahmed were allegedly involved in money laundering of $4.9bn.

The PPP protested over the government’s move and announced that its committee members Syed Naveed Qamar and Shagufta Jummani would resign on Wednesday.

When contacted, Naveed Qamar said they had decided to quit the NA panel as they believed that the committee chairman had summoned the NAB chairman with mala fide intentions.

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