LAHORE: The Federal Investigation Agency (FIA) arrested on Sunday two officials of a private bank on charges of influencing witnesses in a money laundering case against PML-N president Shehbaz Sharif and others, ARY News reported.
The arrested officials include Muslim Commercial Bank (MCB) vice president Asim Suri and group head Azhar Mahmood, according to FIA.
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The agency said they both were coercing prosecution witnesses, including bank officials, into changing their statements.
Shehbaz Sharif and his son Hamza Shehbaz are facing charges of laundering ill-gotten funds worth Rs25 billion using the Ramazan Sugar Mills and Al-Arabiya Sugar Mills.
Both father-son duo are out on pre-arrest interim bail. An investigation into the money laundering charges against Shehbaz and members of his family revealed that his assets increased from Rs14.86mn to Rs7328mn in the past 20 years.
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Shehbaz made properties worth Rs619.85 million which include three homes; 96-H Model Town residence, Defence house and Doonga Gali house.
The declared assets by the PML-N president and his family in the year 2018 had gone up to Rs584 million while the latter had also succeeded in forming a proper money laundering set up in 2018.
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