Justice or victimisation: Did Nawaz Sharif launder $4.9 billion to India?

Published: May 13, 2018

Justice (retd) Javed Iqbal stated he is only conducting an inquiry into the matter, and has no intention of maligning Nawaz or anyone else.

In the latest update on Pakistan’s political sphere, the National Accountability Bureau (NAB) accused former Prime Minister Nawaz Sharif of laundering $4.9 billion to India. The order by the antigraft authority to probe Nawaz for money laundering allegations came in light of an article written in an Urdu newspaper, Ausaf.

In its press release, NAB stated that on the basis of the opinion published in the newspaper, it is initiating an inquiry into the alleged scam. It seems that in its bid to convict Nawaz at any cost, the institution of NAB has made a mockery of itself. Any sane individual can tell no one uses the banking system to transfer illegal funds, especially not in their own name, particularly if they are also a world leader, and obviously not to a country considered an enemy state. Technically speaking, this should be impossible, as the security agencies of our country keep a close eye on any financial transactions made with India in the first place.

Soon after the NAB allegation, the World Bank issued a clarification that its report was not based on actual figures, and was just an estimate of the remittances the people who migrated from India to Pakistan were sending back to India. It further clarified that Nawaz’s name was never mentioned in the report.

If only NAB Chairman Justice (retd) Javed Iqbal had studied this report, or read its rejection by the State Bank of Pakistan back in 2016, he would have saved himself and his institution from becoming a laughing stock. Moreover, releasing a press release on the matter without any solid evidence also gave the impression that NAB is being used to victimise political opponents, the way it was used in Musharraf’s era.

Firstly, the money laundering allegation from NAB will have negative international impact. While Pakistan is already being put on the Financial Action Task Force (FATF) grey list for not being able to control money laundering by banned outfits, the allegation of money laundering on the former premier will further damage our chance of making it out of the grey list.

Additionally, this blunder on part of the NAB prompts the question of whether or not the country’s anti-graft authority is crossing its constitutional limits, and is only interested in initiating inquiries when they pertain to the ruling Pakistan Muslim League-Nawaz (PML-N).

While cases from past years remain pending, NAB’s focus right now seems to be only on elected representatives in Punjab, and that too, those belonging to the PML-N. There is no serious action on the inquiries against the officials of provincial tourism and highway departments for misappropriation and embezzlement in Khyber Pakhtunkhwa(K-P) , or the allegations against the billion tree tsunami project, or the misuse of provincial government helicopters by Imran Khan.

An institution with a history of victimising its opponents can do nothing worse than to act only on the opinions of writers and analysts. As a society, we all have the habit of gossiping about self-created theories and believing in allegations without any proof. So NAB’s current witch-hunt has already created a doubt in the minds of ordinary people that our former prime minister was involved in money laundering. TV channels ran this story round the clock; with the perception being created that Nawaz must have had something to do with $4.9 billion being laundered to India.

We live in a world where perceptions are perhaps more important than reality and the truth, which is why once negative perceptions are created, it is very difficult to change them. The verdict regarding the 2013 General Elections is an example in this regard, where the judgment rejected allegations of rigging, yet there remain millions out there who still believe the elections were rigged. This suggests NAB’s allegation may have already done its fair share of damage.

This move indicates that fake news and propaganda has not only gripped the masses, but has also damaged the working abilities of the decision-makers as well. There are lot of other cases pending in the NAB and there is almost zero progress on them; one hopes they are not being filed merely on perceptions and opinions. Few of the pending cases include illegal appointments in NAB as well as the cases against Sharjeel Memon and Dr Asim Hussain, and against Aleem Khan’s Housing society, but the institution of NAB is only focusing on selective cases involving the current “out of favour” PML-N leadership. Accountability needs to be crystal clear and across the board, so it gives the impression of justice, not of victimisation.

On the other hand, Nawaz’s stance seems correct – it does seem like he is being targeted, with his party being a victim of pre-poll rigging.

In retaliation, Nawaz asked for Iqbal’s resignation within 24 hours, and in response, Iqbal addressed an hour-long seminar meant to act as a rebuttal to former’s allegations. Iqbal stated he is only conducting an inquiry into the matter, and has no intention of maligning Nawaz or anyone else. The verbal war between the ruling PML-N and NAB will only result in further damage to the institution of the state. NAB has the right to conduct an inquiry on suspicion, but it does not have the right to bring it to the media fore without having substantial proof. This surely has tilted the balance in favour of Nawaz’s narrative of victimisation, because after the World Bank denying the allegation, Nawaz will cash in political points by highlighting the issue in jalsas and in the media.

The other side of this fiasco that still has not grabbed the attention of the media and decision-makers is the business of fake news. In this matter, NAB has launched an inquiry on the basis of an opinion published in a newspaper, so it is necessary the author of the article be summoned and asked to present proof of the allegations he has levelled against Nawaz. Opinion-making is a business of responsibility, as it affects the perception and the mindset of the masses.

After all, just a few months ago, after the brutal rape and murder of Zainab Ansari, we saw the worst form of yellow journalism when a respected TV anchor accused high officials of the Punjab government of having ties with child porn mafia, and accused the perpetrator of having multiple foreign bank accounts. When he was asked by the Supreme Court to present evidence in support of his allegations, he was unable to prove or present any evidence in the court, and tendered a written apology after backtracking from his claims.

It is high time that the trend of journalists accusing others without any evidence is put to an end in Pakistan. If this practice of fake news and exploiting journalism to settle personal grudges and scores is not stopped, we will see further incidents like this, and it will only make a mockery of our institutions in the world. In this case, whether NAB is a victim of fake news or whether it is out on a witch-hunt to undermine opponents still remains to be seen. Only the future course of actions, hopefully unbiased and professional steps, will determine what the truth is.

Imad Zafar

Imad Zafar

The writer is a columnist and writes for various English and Urdu publications. He tweets at @rjimad (twitter.com/rjimad)

The views expressed by the writer and the reader comments do not necessarily reflect the views and policies of The Express Tribune.

  • abdul basit sayeed

    This blog is a bit late. Balance has gone, as he has opened his mouth regarding Mumbai attacks. Bad luck!Recommend

  • DaNii

    why not because they have confirmed that they have invested in nawaz shareefRecommend

  • M. Anwar Qureshi

    NAB must continue investigate the alleged money laundering despite the rejection by SBP as SBP had been under the influence and control of Finance Minister Ishaq Dar and Corruption King NS………..Recommend

  • Rao Khalid

    While I agree NAB did blunder, Plz read FACT BOOK 2016 by world Bank subsidiary, u will know that the premise on u have built ur case is wrong. 4.9 Billon $ was not sent by legal channels. It’s overall transactions by all channels , hawala, Hundai etc. But I also inform u that this report is not about money laundering. WB has been issuing money laundering figures on regular basis separately.Recommend

  • Muhammad Adeel

    Nice Article. No doubt the victimisation is going on and prepoll rigging at its full swing.Recommend


    In fact Nawaz doing every effort to show public he is innocent. Billions of money laundering already proved the businesses in U.K and KSA is undoubtedly established through money laundering. I met him in P.M house ..He confirmed appointment of Heads of department although corrupt but he appoint themRecommend


    the investigation agencies NAB , FIA , POLICE and lot of others . they dont perform at all . as far as money is concerned that plus power plays a very important role . in my mind when i read all this . it is a drama in the end a very corrupt family will be let off by nab,fia and police it is a game like .
    when nothing proved against them they will be freeRecommend

  • jssidhoo

    It was a attempt to get at him but ended up providing laughs all around .Recommend

  • Sane

    There are scores of corruption charges against Sharifs. Just one incident (if it is an incident) cannot undo the perception (rather belief) of people that Sharifs have made this country at worst of its economic conditions and mismanagement. Prosecution of Sharifs and others must be done in soonest possible time i.e. on war footing to prevent further damage. By his recent statement N Sharif proves that he is traitor also and must be prosecuted under treason charges.Recommend

  • Adeel McDangerson

    Well no. Totally disproven accusations. What is wrong with you people? Do SOME research at least…Recommend

  • Sardar Zaheer

    Dear writer can we ignore his corruption in all other cases as a story was brought and as WB was so eager to issue statement to clarify his report, and NAB did not file a reference just asked for investigationRecommend

  • sterry

    The real joke is on Pakistanis who are so easily fooled by whatever is written by a reporter in a newspaper since many lack basic analytical skills – how is it possible to send over 5 billion to an enemy country by bank and that too as the PM of Pakistan !
    Gives you an idea of the level of intellect of those Pakistanis who blindly believe what they read without thinking.Recommend

  • sterry

    NO use trying to explain facts to people with no understanding. They want to play judge and jury without facts – it’s all a conspiracy to prevent the ruling party from winning the elections since the current government has been doing a good job to improve the conditions of the country. In any civilized place, people look at facts and vote for the guy they think will do a better job!Recommend

  • Patwari

    So sorry Humza your lame and feeble attempts to make ridiculous
    comments protecting your Lord and Master Nawaz the Durbari are failing badly. Even the half illiterate population of Pakland knows
    And recognise a thief when they see one.Recommend