Pakistan court recommence’s Nawaz Sharif’s ‘corruption’ hearings
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.