Close X
Monday, January 27, 2025
ADVT 
International

World Bank Denies Reports That Nawaz Sharif Laundered $4.9 Billion To India

Darpan News Desk IANS, 08 May, 2018 11:08 PM
    The World Bank Tuesday described as incorrect media reports in Pakistan about allegations that former prime minister Nawaz Sharif laundered $4.9 billion to India.
     
    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 said in a statement.
     
    The World Bank's Remittances and Migration Report is an effort by the World Bank to estimate migration and remittances numbers across the world, it said.
     
     
    The report does not include any mention of money laundering nor does it name any individuals, said the World Bank, which was issued after media reports cited its annual report for allegations that Mr Sharif laundered $4.9 billion from Pakistan to India.
     
    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 $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.

    MORE International ARTICLES

    Death toll from Las Vegas concert massacre rises to 58

    Death toll from Las Vegas concert massacre rises to 58
    The death toll from the mass shooting at a Las Vegas country music concert has risen to at least 58, with more than 515 people listed as wounded, police said on Monday.

    Death toll from Las Vegas concert massacre rises to 58

    Myanmar offers to 'take back' Rohingyas

    Myanmar offers to 'take back' Rohingyas
    Myanmar on Monday proposed to take back the half a million Rohingya refugees who have fled into Bangladesh, a media report said.

    Myanmar offers to 'take back' Rohingyas

    China celebrates Gandhi Jayanti

    China celebrates Gandhi Jayanti
    China on Monday celebrated the 148th birth anniversary of Mahatma Gandhi, with the India Embassy in Beijing releasing commemorative postage stamps on the Ramayana.

    China celebrates Gandhi Jayanti

    50 killed as gunman opens fire at Las Vegas concert

    50 killed as gunman opens fire at Las Vegas concert
    At least 50 people were killed and more than 200 injured in a mass shooting at a country music concert here. The lone attacker was later killed by the police.

    50 killed as gunman opens fire at Las Vegas concert

    Hugh Hefner will be buried next to Marilyn Monroe

    Hugh Hefner will be buried next to Marilyn Monroe
    Playboy magazine founder Hugh Hefner will be buried in a cemetery plot here next to his first magazine cover girl Marilyn Monroe.

    Hugh Hefner will be buried next to Marilyn Monroe

    Nepal gets 3-year-old girl as new living goddess

    Nepal gets 3-year-old girl as new living goddess
    A three-year-old girl on Thursday became Nepal's new living goddess, worshipped by both Hindus and Buddhists in the Himalayan nation.

    Nepal gets 3-year-old girl as new living goddess