SC grills FBR chairman over slack Panama papers probe as hearing …

ISLAMABAD – The supreme court of Pakistan resumed hearing a slew of petitions seeking a probe into Panama papers here on Tuesday.

National Accountability Chairman Qamar Zaman Chaudhry and Federal Board of Revenue chairman Dr. Mohammad Irshad are present in court room before the five-member larger bench to present relevant record regarding the alleged money laundering of Sharif family.

As today’s proceedings started, Justice Azmat Saeed inquired FBR chairman as to when the organisation got in touch with foreign ministry regarding Panama Leaks.

FBR chairman expressed that the board contacted foreign ministry immediately after Panama papers surfaced but the name of offshore firm and its director was not enough to take necessary action.

He went on and claimed that FBR issued notices to 343 individuals linked to offshore firms and as many as 39 of the individuals were not residing in Pakistan whereas 52 others denied ownership of any offshore firm. Only 92 people

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