Pakistani media’s false propaganda flops; World Bank rubbishes reports that Nawaz Sharif laundered $4.9 billion to India
New Delhi, May 10: The World Bank on Wednesday denied as "incorrect" media reports in Pakistan that former PM Nawaz Sharif allegedly laundered $4.9 billion to India. This was the massive setback for Pakistani media who were trying to spread false propaganda against India.
The denial from World Bank comes a day after Pakistan's top anti-corruption body, National Accountability Bureau ordered a stringent investigation against former PM Nawaj Sharif and others after Pakistani media reported his involvement in laundering $4.9 billion to India.
The World Bank in a statement said, "In the past day, there have been media reports citing the World Bank's Remittances and Migration Report of 2016. These media reports were incorrect. The World Bank's Remittances and Migration Report is an effort by the World Bank to estimate migration and remittances numbers across the world.” "The report does not include any mention of money laundering nor does it name any individuals," it said.
In its annual report, the statement said that the World Bank estimates bilateral remittances between countries using the methodology summarised in the World Bank Working Paper 102 South-South migration and remittances by the authors of the report.
The World Bank also referred to a statement by the State Bank of Pakistan which rejects estimates of USD 4.9 billion in remittances from Pakistan to India on September 21, 2016, and provides an explanation of the methodology used in the World Bank report and the official remittances numbers.
On Tuesday, National Accountability Bureau (NAB) ordered an inquiry into the alleged money laundering of $4.9 into India by former premier Nawaz Sharif and his aides. According to a NAB press release, the chairman took notice of a newspaper article published in Roznama Ausaf, dated February 1, 2018, under the title “Money laundering ki raqam kab wapis layi jaegi? Written by Muhammad Tauseeful Haq Siddiqui.
The article “Money laundering ki raqam kab wapis layi jaegi? said that the World Bank’s Remittances and Migration Report of 2016 clearly says said that Pakistan sent remittances worth USD4.9 billion to India, with the help of Nawaz Sharif, ex-finance minister Ishaq Dar, ex-governor of State Bank of Pakistan (SBP) Ashraf Mehmood and former deputy governor of SBP Saeed Ahmed through money laundering. “This resulted in a drop of the same amount in Pakistan’s foreign exchange reserves while simultaneously increasing that of India,” the article added.
Strong diplomacy of PM Modi-led central government forced the whole world to admire India. On the other side when it comes to Pakistan, each and every sector of the terrorist bound neighbouring country try to spread its false propaganda against India across the globe but always failed and left exposed. However, the trend continues as usual.