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Panama Papers

Panama Papers are one of the biggest leaks in the human history. International Consortium of Investigative Journalists (ICIJ) released. The panama papers consists of over 11.5 million leaked documents that detail financial and attorney–client information for more than 214,488 offshore entities.The documents, some of which dated back to the 1970s, belonged to the Panamanian law firm and corporate service provider Mossack Fonseca, were leaked in 2015 by an anonymous source.

The documents contain personal financial information about wealthy individuals and public officials that had previously been kept private. While offshore business entities are legal, reporters found that some of the Mossack Fonseca shell corporations were used for illegal purposes, including fraud, tax evasion, and evading international sanctions.

The case was brought to court by Pakistan Tehreek-e-Insaf leader Imran Khan alleging money laundering, corruption, and contradictory statements by Nawaz Sharif, the incumbent Prime Minister of Pakistan, after the Panama Papers leak uncovered links between Sharif’s family and eight offshore companies.

Nawaz will be arrested if court orders, says PM

6 months, 4 days ago
ISLAMABAD: Prime Minister Shahid Khaqan Abbasi Thursday hoped that a consensus caretaker prime minister would be put in place to hold the next general election to be held in mid of July this year after the incumbent government completes its…

‘Panama Papers’ law firm shuts down operations

7 months, 2 days ago
PANAMA CITY: The law firm at the heart of the "Panama Papers" global tax evasion scandal that brought down two world leaders announced on Wednesday it would shut down operations, citing negative press and what it called unwarranted action…

NAB grills PML-Q leader Moonis Elahi over offshore companies

7 months, 17 days ago
LAHORE: The National Accountability Bureau (NAB) officials on Wednesday questioned Chaudhry Moonis Elahi, son of former Punjab chief minister and PML-Q leader Chaudhry Pervez Elahi, in connection with an inquiry pertaining to offshore…

Top court takes notice of Pakistanis named in Panama Papers

10 months, 24 days ago
ISLAMABAD: Supreme Court of Pakistan on Thursday served notices to National Accountability Bureau (NAB) and the Federal Government on a petition seeking investigation against 436 Pakistani nationals named in the Panama Papers. A…