Pakistan

Revealed: Another offshore company owned by Hassan Nawaz

KARACHI: Another offshore company registered in the name of Hassan Nawaz, son of Premier Nawaz Sharif, came to light on Tuesday amid Panama storm, ARY News reported.

The company is named Ultimate Holdings Management Limited, according to the documents obtained by ARY News. The office address of the ownership of the company is stated in the documents as One Hyde Park Palace.

The worth of One Hyde Park Palace is estimated around Rs 6.32 billion.

The Sharif family is under fire at home after Panama Papers leaks that prompted corruption allegations against it.

The leaked Panama Papers, comprising 11.5 million documents from Panama-based law firm Mossack Fonseca, exposes how some of the world’s most powerful people have secreted their money offshore, and also implicated Sharif’s sons Hassan Nawaz and Hussain Nawaz.

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