World Bank denies reports Sharif laundered US$ 4.9 billion to India

Washington: The World Bank has denied as “incorrect” the media reports in Pakistan that cited its report to allege that former prime minister Nawaz Sharif laundered US$ 4.9 billion to India.
Pakistan’s top anti-corruption body, National Accountability Bureau, on Tuesday ordered a probe against the embattled former prime minister and others after reports of his involvement in the money laundering emerged in the media.
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, it said.