“Revealing the Truth”
“Panama Comes to Pakistan and offshore holdings of Pakistanis”
Good Morning L and G, Welcome to RTT.
A really sensitive issue we re having here in
Pak, after all those dramatical things marked in the history of Pakistani
Politics, It is neccesary for us to take a look at the real picture behind the
Panama Case and Ofshore holdings of Pakistanis Politicians.
So what we re going to discuss is the Sharif
Family’s name in Panama Leaks, along with that we ll be discussing Imran Khan’s
case in Supreme Court regarding his offshore company and London Flats.
just move on towards Panama Issue first because this Panama Leaks has been
dominating Pakistani Politicis for the last few years.
(Pictures regarding Panama Leaks)
The Panama Papers are 11.5 million leaked
documents that detail financial and attorney–client information for more than
214,488 offshore entities. The documents, some dating back to the 1970s, were
created by, and taken from, Panamanian law firm and corporate service provider
Mossack Fonseca, and 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 (see Offshore
Magic Circle), reporters found that some of the Mossack Fonseca shell
corporations were used for illegal purposes, including fraud, tax evasion, and
evading international sanctions.
Among them was the Pakistani prime minister Nawaz
Sharif’s family as well.
The leaks in April 2016 revealed that former
Pakistani Prime Minister Nawaz Sharif’s children owned offshore companies and
assets not shown on his family’s wealth statement.
The companies identified so far include three
British Virgin Islands-based companies Nescoll Ltd, Nielsen Enterprises Ltd and
Hangon Property Holdings Ltd, incorporated in 1993, 1994 and 2007 respectively.
These companies have been used to channel funds
to acquire foreign assets, including some apartments along Park Lane in
London’s Mayfair area.
Mr Sharif and his family denied wrongdoing.
According to them they were rich, there grandfather was rich, OH NO NO NO! there grandfather was poor farmeeerrrr. OH!
Leave it watch this:
(Clip regarding the Sharif’s family wealth)
After which PTI chairman Imran Khan filed a
petition through counsel Naeem Bokhari with the Supreme Court of Pakistan on 29
August 2016, seeking Sharif’s disqualification as prime minister and as a
member of the National Assembly of Pakistan. Other political leaders also
expressed support for the petition. It targeted Sharif’s children, his
son-in-law Muhammad Safdar, and his brother-in-law and the former finance
minister Ishaq Dar as well. PTI workers staged a sit-in outside Sharif’s
private residence at Raiwind near Lahore on 30 September 2016. Khan
subsequently called on supporters to “lock-down” Islamabad until
Nawaz Sharif “resigned or presented himself for accountability”.
So this is how the case against Sharif Family in
Supreme Court started but before we move on to what actually happened during
the case. I will discuss the london
flats and the offshore companies of Sharifs as they are linked with eaach other
and the whole case revolves around it.
Okay so the idea of London flats is quiet funny
because there are different statements by the Sharif Family and Ch Nisar. Let’s
just see this clip.
(Different statements clip)
It’s astonishing to see this kind of clips
because you have one person saying something else and other one the opposite
But on realistic grounds these london flats and
real estate properties like Hyde Park are owned by two offshore companies
Neilson and Nescoll Lmt besides the different or confusing statements by the
The role of off-shore companies is critically
important as several offshore companies (Nescoll Limited, Nielson Enterprises
Limited, Alanna Services Ltd, Lamkin S.A. Coomber Group Inc and Hiltern
International Ltd) have been identified to be linked with their businesses in
UK . These companies were mainly used for inflow of funds into UK based
companies; which not only acquired expensive properties in UK from such funds
but also revolve these funds amongst their companies of UK, KSA, UAE and
The JIT report also stated that these
companies where the Sharifs were acting as shareholders, directors or
beneficial owners were primarily family-owned businesses. These companies were
incorporated in the 1980s and 1990s, when Nawaz Sharif was holding public
Having said that let’s have a quick
look on how Pakistani Supreme Court reacted.
Panamagate case was before the Supreme Court of
Pakistan, heard between 1 November 2016 and 23 February 2017.
During the case on 14 November 2016, Sharif
lawyer Sheikh dramatically produced a letter written by Hamad bin Jassim bin
Jaber Al Thani, the Prime Minister of Qatar from 2007 to 2013. Justice Khosa
observed that the document had “completely changed the public stand of the
Prime Minister. Let’s see what Farukh Habib a PTI leader said about all of the
dramas of Sharif’s in an interview I took.
(F H interview ” 13-50)
On 20 April 2017, the Supreme Court in a 3–2
decision ruled that there was insufficient evidence to order Sharif’s removal
from office, but ordered further investigation into corruption allegations. The
court ordered the formation of a Joint Investigation Team (JIT) to probe the
Sharif family’s involvement in corruption as stated in the Panama leaks.
The two judges who ruled against PM Nawaz Sharif
had said he should be disqualified as he could no longer be considered ‘honest’
and ‘truthful’ (ameen and sadiq), whereas the other three were in favour of
forming a JIT to definitively answer the question of whether the allegations
against the prime minister were true or not. The five-judge bench had, however,
agreed that it was not satisfied with regards to the money trail provided by
the Sharif family’s counsels.
During the JIT’S investigation there were again
alot of trouble created by the Sharif’s;
July 11, 2017: Maryam Nawaz Sharif was accused by the Joint Investigation Team (JIT) of
submitting “fake/falsified documents to the JIT”, which is a criminal offence.
According to the JIT report, she and her brothers Hussain and Hassan Nawaz, as
well as her spouse retired Captain Mohammad Safdar, had signed falsified
documents to mislead the Supreme Court. JIT report also raised doubts about use
of ‘Calibri’ font in papers submitted by Maryam.
The report by the Joint Investigation Team was
published on 10th July 2017. The
Panamagate Joint Investigation Team (JIT) has found glaring disparities in the
family’s known sources of income and their actual wealth which it says the
Sharif family was unable to substantiate.
JIT’s report on the probe, sections of which circulated Monday evening,
suggests that Prime Minister Nawaz Sharif, his sons Hassan Nawaz and Hussain
Nawaz, as well as daughter Maryam Nawaz have been found in violation of Section
9 of the National Accountability Bureau (NAB) Ordinance, 1999.
gap/disparity amongst the known and declared sources of income and the wealth
accumulated by the Respondent No. 1, 6, 7 and 8 have been observed,” the
JIT observed in its concluding remarks in the report.
irregular movement of huge amount in shape of loans and gifts from Kingdom of
Saudi Arabia-based company (Hill Metals Establishment), United Kingdom based
companies (Flagship Investments Limited and others) and United Arab Emirates
based Company (Capital FZE) to Nawaz Sharif, Hassan and Hussain Nawaz Sharif
and Pakistan based companies of Nawaz Sharif and family have been highlighted.
after this Nawaz Sharif did’nt resigned from the post of Prime Minister.
Habib interview clip)
But beside that finally on 28 July 2017, the
court announced its unanimous decision and disqualified the Prime Minister from
holding public office, finding that he had been dishonest in not disclosing his
employment in the Dubai-based Capital FZE company in his nomination papers. The
court also ordered National Accountability Bureau to file a reference against
Sharif, his family and his former Finance Minister Ishaq Dar, corruption
So after all of this lets see what Nawaz Sharif
has to say;
Astonishing it is indeed because this is the
reply you give to yoour people after all of this.
So we’re done with the Sharif’s now let’s move on
towards the case against Imran Khan.
(Pictures or video of Imran Khan)
Imran Khan Niazi is a Pakistani politician, former
first-class cricketer and humanitarian who leads the Pakistan Tehreek-e-Insaf
and serves as a member of the National Assembly.
There were also accusation against him regarding
corruption, offshore companies etc.
Let’s just listen that what PTI leader Farukh Habib has
to say about the case filled against Imran Khan.
(F H’s interview)
The last thing he told about institutions were under
Nawaz Sharif govt was exactly what Imran Khan told in the National Assembly.
( IK in NA)
Noe let’s just discuss the case.
The constitutional petition against Imran Khan was moved
in Supreme Court by ruling Pakistan Muslim League Nawaz (PMLN) through their
lawmaker Hanif Abbasi on 2nd of November-2016 in reply to Panamagate.
In his petition, Abbasi accused Pakistan Tehreek-e-Insaf
(PTI) chairman of concealing offshore company, amassing foreign funding via
illegal means, misleading statements in the nomination papers and taking unfair
advantage of tax amnesty scheme.
SC summoned first reply from Khan on Nov-7 and the latter
submitted his first written stance in form of affidavit on Nov-23rd maintained
that he bought land in Bani Gala through income earned through legal means.
On 18th of May-2017, Imran Khan submitted second
affidavit stating that he took loan from ex-wife Jemima Goldsmith while
statement of Imran Khan’s agent Rashid Khan was also submitted with apex court
on same day.
Khan confessed to incomplete money trail on July-22 when
court raised undeniable legal questions on the affidavit. During concluding
arguments in the heated up debate in the court, Naeem Bukhari (the lawyer of
Khan) took the stance that his client mistakenly did not declare offshore
company in the nomination papers but the same couldn’t be termed as an
However on 14th Nov, Supreme Court granted clean chit to
Pakistan Tehreek-e-Insaf chief Imran Khan in much-awaited and much-hyped
disqualification case and dismissed all accusations levelled by PMLN s Hanif
Abbasi. The judgment, as per experts, will shape the political landscape of the
country amid incessant turbulent atmosphere. The apex court also rejected
accusations of foreign funding over paucity of evidence and stated that it was
not mandatory for Imran Khan to declare his offshore company Niazi Services
After all of this drama happened to both the Sharif’ and
Khan. What do people of Pakistan have to say. Here is a Pakistani giving his
reviews over these disqualification.
(Interview of man outside sc)
Let’s hope for the best for the future of Politics in
Pakistan, with that Thank You so much, Good Bye!