Lagore: An investigation published on April 3 by an international coalition of more than 100 media outlets, based on 11.5 million records of offshore holdings, reveals how politicians, celebrities and other famous people use banks, law firms and offshore shell companies to hide their assets.
After Panama Paper leak Pakistan Tehreek-i-Insaf Chairman Imran Khan on Monday demanded the National Accountability Bureau (NAB) to conduct a thorough investigation into the financial status of Prime Minister Nawaz Sharif and his family members after a massive leak of secret files from a Panamanian law firm revealed they “owned or had the right to authorise transactions for several offshore companies.”
“Probes have already been initiated in several countries – including Australia, New Zealand, Sweden and France – across the globe after their leaders and office bearers were implicated,” said Imran.
He also questioned “Why not an investigation in Pakistan?”
“If NAB wants to maintain its credibility, it should immediately begin a probe into Nawaz Sharif’s family.”
He added “Nawaz Sharif should explain how his children made all this money.”
“Have you paid tax on this income?”
Imran said the data leak was a defining moment for Pakistan, adding that: “How can those who launder money from Pakistan to offshore accounts ask others to invest in Pakistan?”
He said Maryam Nawaz had given a statement two years ago saying her family did not have any asset abroad.
“But now Hussain Nawaz comes on TV and accepts that Maryam owns two offshore companies.”
The PTI chief alleged “this money that is going abroad is corruption money from mega projects.”
“I have declared all my assets,” said the PTI chief. “Whatever I own is under my name and is inside Pakistan. Anyone can ask me for an explanation. Can we not ask them the source of their money? Who are they? Are they royals?”