Pakistani Prime Minister Nawaz Sharif attends the closing session of 18th South Asian Association for Regional Cooperation (SAARC) summit in Kathmandu November 27, 2014. A brief meeting between India’s Prime Minister Narendra Modi and his Pakistani counterpart appears to have salvaged a summit of South Asian leaders, with all eight countries clinching a last-minute deal to create a regional electricity grid. REUTERS/Niranjan Shrestha/Pool (NEPAL – Tags: POLITICS) – RTR4FUCN
Pakistan court recommence’s Nawaz Sharif’s ‘corruption’ hearings
Pakistani Prime Minister Nawaz Sharif attends the closing session of 18th South Asian Association for Regional Cooperation (SAARC) summit in Kathmandu November 27, 2014. A brief meeting between India’s Prime Minister Narendra Modi and his Pakistani counterpart appears to have salvaged a summit of South Asian leaders, with all eight countries clinching a last-minute deal to create a regional electricity grid. REUTERS/Niranjan Shrestha/Pool (NEPAL – Tags: POLITICS) – RTR4FUCN
Read the full article by Asad Hashim or read the key points below;
Prime minister Nawaz Sharif and his family are being accused of illegally profiting from his position as PM during the 1990s.
- Pakistan’s Supreme Court has resumed deliberations in a corruption case that could unseat Prime Minister Nawaz Sharif, after investigators tasked with probing the allegations submitted their findings to judges on Monday.
- The Joint Investigative Team (JIT) spent 60 days gathering evidence and questioning witnesses regarding the prime minister’s family’s assets.
- Sharif himself appeared before the inquiry on June 15, while his family where questioned.
- The 2016 leak of 11.5 million documents from Panama law firm Mossack Fonseca – dubbed the Panama Papers – showed that three of Sharif’s children were listed as beneficiaries for three offshore companies registered in the British Virgin Islands.
- The documents showed these companies were involved in a 2007 loan of $13.8m, made using high-value Sharif-owned properties in the United Kingdom as collateral, and a separate 2007 transaction amounting to $11.2m.
- Sharif denies any wrongdoing, saying the sources all of his family’s assets can be legally accounted for.
- Sharif contends that the former Qatari prime minister’s father was a business partner, and that the apartments in London were bought using funds transferred from Qatar.
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