LHC denies Hamza Shehbaz bail in money laundering case
Statesman Report
LAHORE: The Lahore High Court on Tuesday turned down a bail petition filed by PML-N leader Hamza Shehbaz in relation to a money laundering and assets beyond means case against him.
While hearing the case, the court remarked that Hamza had failed to give satisfactory answers regarding his sources of income.
During the hearing, the petitioner’s counsel stated that money laundering laws do not apply to Hamza as they were introduced after he had allegedly committed the crime.
Hamza’s counsel said the money in question was transferred into his accounts before money laundering laws were introduced.
He recalled that the first ordinance against money laundering was introduced in 2007, which lapsed in 90 days. The second ordinance was introduced in 2009, and the actual law against money laundering was introduced in 2010.
The court remarked that if it accepts the applicant’s point of view, the anti-money laundering law will be rendered completely redundant.