Panama Papers leak reveals Nawaz Sharif’s offshore holdings
Islamabad: Prime Minister Nawaz Sharif was at the centre of a political storm yesterday after three of his children were named in the ‘Panama Papers’ as having “offshore holdings”, prompting the opposition to demand a probe even as his family denied any wrongdoing.
A massive leak of 11.5 million tax documents has reportedly exposed the secret offshore dealings of around 140 political figures globally.
The vast stash of records, covering around 40 years, was obtained from an anonymous source by German daily Sueddeutsche Zeitung and shared with media worldwide by the International Consortium of Investigative Journalists (ICIJ).
According to the documents, three of Sharif’s four children – Maryam, Hasan and Hussain – “were owners or had the right to authorise transactions for several companies”.
Pakistan Tehreek-i-Insaf Chairman Imran Khan today demanded that the National Accountability Bureau (NAB) initiate a thorough investigation into the financial holdings of Prime Minister Sharif and his family members.
Amid the furor, Sharif’s son Hussain Nawaz said he had already stated that he owned the offshore companies and he owned many apartments under them.
He said Nawaz Sharif’s name was being used wrongly and all accusations being levelled against him were baseless.
Meanwhile, Pakistan’s Information Minister Pervaiz Rashid said that Panama Papers had vindicated his government’s stand that Prime Minister Sharif and his brother Shahbaz Sharif do not own any business abroad.
The Sharif brothers have not been mentioned but Maryam, tipped to be the Premier’s who political successor, along with her two brothers has been mentioned in the papers.
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