Islamabad [Pakistan]: Pakistan Tehreek-i-Insaf (PTI) chief Imran Khan has in documentary evidence submitted by him on Monday against Nawaz Sharif and his family in the Panamagate case claimed that the Prime Minister’s family has laundered Rs. 145 million since 1988 through illegal hundi/hawala business in order to evade taxes.
The documents claim that Prime Minister paid only Rs. 897 in income tax during the period of money laundering of Rs145 million.
The document includes details of alleged bank accounts held by the Sharif family and loan write-off schemes, reports the Dawn.
These documents, comprising of 686 pages, were submitted by the PTI chief through advocate Naeem Bokhari.
Khan alleged that an amount of over Rs. 56 million was sent out of the country between 1988 and 1991 by Sharif’s family.
The documents claim that in order to “whiten Sharif’s black money” and to evade income and wealth taxes, two Hawala dealers from Peshawar were used to “siphon off” large amounts of money.
The money laundered to a bank in the United Arab Emirates and elsewhere was exchanged into foreign currency and “repatriated [to Pakistan] in the name of 43 Sharif family members”.
The alleged transfer of funds and purchases of assets overseas was disclosed in a statement by Khalid Siraj, “first cousin and business partner” of Sharif, the documents claim.
The Supreme Court will resume the hearing in the Panamagate case on November 15. (ANI)