Jul 30, 2017-
The Supreme Court of Pakistan on Friday disqualified Prime Minister Nawaz Sharif from office over graft allegations. Sharif became the biggest casualty of the Panama Papers leaks. But in Nepal, investigation into people who were said to have run offshore companies according to the Panama Papers has been moving at a snail’s pace.
The Panama Papers database that the International Consortium of Investigative Journalists (ICIJ) published in April last year had listed 19 names from Nepal, including some top businessmen, who had offshore companies, particularly in the countries known as tax heavens.
For seven individuals, the data source was from the Panama Papers while for the rest, the source was Offshore Leaks. Officials at the Department of Money Laundering Investigation (DoMoLI) admit that probe into the issue “is underway without much progress”, for it is a time-consuming process.
“Our investigation so far has not found money going out from the country