Showing posts with label "Pakistan". Show all posts
Showing posts with label "Pakistan". Show all posts

Wednesday, 19 July 2017

Pakistan PM Nawaz Sharif contests Panama charges; SC says produce money trail

Islamabad: Embattled Pakistan Prime Minister Nawaz Sharif on Wednesday contested the graft charges against him and his family in the Supreme Court, saying the Panama probe panel did not produce any document to prove that he was the owner of the posh London flats which are at the centre of the high- profile case.

The apex court had started hearing the scandal on Monday after the JIT submitted its final report on July 10, recommending that a corruption case be file against Sharif and his family for alleged money laundering in the 1990s, when he twice served as prime minister, to purchase assets in London.

The counsel urged the court to decide it on merit and stressed that the JIT was biased and his client had done nothing illegal.

Later, finance minister Ishaq Dar's counsel began his arguments but the court adjourned the case until tomorrow.

The scandal surfaced when the Panama Papers leaks last year revealed that Sharif's sons - Hassan and Hussain - and his daughter Maryam - owned offshore companies which managed their family's properties. The assets in question include four expensive flats in Park Lane, London.

Opposition parties say the London flats were purchased through illegal money which Sharif and his family have rejected. But so far they are unable to satisfy the court about the source of money used to purchase these properties.


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