The National Accountability Bureau (NAB) has initiated an inquiry into assets beyond known sources of income and money laundering allegations against former first lady Bushra Bibi's friend, Farhat Shahzadi — better known as Farah Khan.
"The NAB has authorised an inquiry against Farhat Shahzadi alias Farah Khan and others on the allegations of accumulation of illegal assets beyond known sources of income, money laundering and maintaining various accounts in the name of different businesses," a notification issued by the anti-graft watchdog stated.
NAB Lahore director-general has been directed to conduct an inquiry into this matter as per the law.
According to NAB, a huge turnover amounting to Rs847 million has been found in Farah’s account during the last three years, which does not commensurate with her stated account profile.
The aforementioned credits were received in her personal account within a short time period and withdrawn immediately after credit.
The notification stated that multiple media reports suggested Farah Khan was found to be allegedly involved in gathering assets beyond legal means.
Meanwhile, a review of the income tax returns of Farah Khan observed that her assets grew exponentially from 2018 and onwards due to unknown reasons.
Moreover, Farah frequently travelled abroad and the trips include nine visits to the United States and six visits to the United Arab Emirates.
