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The National Accountability Bureau (NAB) has ordered an inquiry against former prime minister Nawaz Sharif and others for allegedly laundering $4.9 billion to India.

According to a NAB statement, the chairman of the bureau has taken notice of media report which made the claims and ordered an inquiry against Nawaz Sharif and others for alleged money laundering.

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The statement claims that the amount was laundered to the Indian Finance Ministry after which Indian foreign exchange reserves witnessed an increase and Pakistan suffered as a result.

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