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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.

Time to re-elect new PM, says Naeem ul Haque

ISLAMABAD: Calling on the Members of National Assembly to get ready to elect a new Prime Minister, Pakistan Tehreek-e-Insaf (PTI) leader Naeem ul Haque on Thursday said that the premier has produced fake documents before the Supreme Court. “Supreme Court has to disqualify Nawaz Sharif under Article 62 and 63,” Haque said while addressing media outside the apex court. He called on the National Assembly to get preparation for electing a new PM. “The Sharifs have been providing false information in bid to make the Joint…

Fraudulent documents, another major crime of Sharifs, says Imran

ISLAMABAD: In his latest tweets pertaining to documents that were submitted by the ruling family with regard to Panama Papers case, Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan said that producing fraudulent documents before the Supreme Court is another crime of the Sharifs  as what he said such documents intend to obstruct justice. “Apart from money laundering corruption, another emerging major crime of Sharifs is producing fraudulent documents before SC to obstruct justice,” Khan tweeted during the hearing…

Opposition parties optimistic for ‘fair judgment’ in Panamagate case

ISLAMABAD: Affirming solidarity with the judiciary, Awami Muslim League (AML) Chief Sheikh Rasheed said that new documents are emerging with each passing day as the case is getting tougher while talking to media persons on Thursday before the beginning of Panamagate case hearing at the Supreme Court. Appearing optimistic, Rasheed said that Prime Minister Nawaz Sharif would leave his office before the general elections next year. “The elections are far now , this year is to decide the fate of all politicians,” he opined…

PM questions logic behind calls of his accountability

SIALKOT: In his latest interaction with media following the release of 'damning findings' of the Panama Joint Investigation Team (JIT) against him and his family, Prime Minister Nawaz Sharif questioned as to why he was being held to account when misappropriation of not a penny was proved against him, ARY News reported. He challenged his detractors to prove any wrongdoing against him and his government. “Not single penny of public money was embezzled during the incumbent government’s tenure.” Speaking at Sialkot Chamber…

Nawaz tries to establish contact with UAE PM

ISLAMABAD: Prime Minister Nawaz Sharif has tried to establish "urgent" contact with the Vice President and Prime Minister of UAE, Sheikh Mohammad Bin Rashid Al Maktoum, a Foreign Office letter available with ARY News confirmed. Foreign Office had written to UAE Embassy in Islamabad, to inform them that Prime Minister Nawaz Sharif wishes to "urgently speak" to the Vice President and Prime Minister of UAE, Sheikh Mohammad Bin Rashid Al Maktoum and requires their assistance in this regard. The letter bearing the number DG…

Journalist behind Panama papers amused by Pakistan’s Calibri saga

MUNICH: One of the prominent names behind the Pulitzer Prize-winning investigative story Panama papers has said that his favorite moment from the Joint Investigation Team (JIT) report is when the alleged forgery by Prime Minister Nawaz Sharif's daughter Maryam Nawaz was busted by the team due to the use of Calibri font. Frederik Obermaier was one of the two German reporters who initially received the leak and then with the collaboration of at least 300 reporters from six continents made the revelations called by many as…

Modi govt worried over ‘mounting problems’ for Nawaz Sharif: Indian paper

ISLAMABAD/NEW DELHI: An impending political upheaval following the joint investigation team report against ruling Sharif family over their illegal offshore properties has worried India and threatens to create new security complications for the neighbouring country. According to Times of India, if the Supreme Court implements the JIT report and sends PM Sharif packing or the premier loses authority to rule in any case, “this could have implications for India in the coming weeks and months, particularly in the security…

Panamagate JIT member Bilal Rasool getting threats

ISLAMABAD:  Bilal Rasool, a member of the Joint Investigation Team (JIT) which probed the allegations of impropriety against Sharif family, is getting threats, ARY News reported on Wednesday. According to ARY News Lahore Bureau Chief Arif Hameed Bhatti,  Bilal Rasool of the Securities and Exchange Commission of Pakistan (SECP), who was part of the six-member JIT is getting threats. Bilal Rasool was the member of Panmagate JIT formed on the orders of Supreme Court of Pakistan, which included Amer Aziz of the State Bank…

JIT head says presented ‘truth’ before the court

ISLAMABAD: Wajid Zia, the head of the Joint Investigation Team (JIT) which investigated the Panama Papers case against Sharif family, said on Monday that he and his team have succeeded in presenting the truth before the Supreme Court of Pakistan, ARY News reported. As the team presented its final report with the apex court on Monday and Wajid Zia, Federal Investigation Agency’s Additional Direc­tor General (immigration), said the investigation was a daunting task and he was looking for truth which the team successfully…

Chaudhry Nisar wants new PM, other PML-N leaders advise Nawaz not to resign: sources

ISLAMABAD: In a meeting after the submission of final report regarding Panamagate probe in Supreme Court, top PML-N leadership has advised Prime Minister Nawaz Sharif not to resign, sources told ARY News on Monday. According to ARY News Islamabad Bureau Chief Sabir Shakir, a meeting was held in PM House after the big development in which most of the party leaders and cabinet members have asked Prime Minister Nawaz Sharif not to resign, stay put and contest the matter legally and politically. Shakir claimed that there…