No action against holders of other offshore companies

LAHORE – Around 450 Pakistanis, including former Prime Minister Nawaz Sharif and his family members, were named in the Panama Papers leaks as holding and operating offshore companies, allegedly with the money collected through tax evasion, but only Sharif family was picked up for judicial scrutiny, disqualifying the PM.

Cases against the rest are just at the stage of notices served on them by the Federal Board of Revenue six months ago. Among prominent politicians are wife of Punjab Chief Minister Shehbaz Sharif, Tehmina Durrani, and his relative Ilyas Meraj who hold seven offshore companies. Former PM Benazir Bhutto was associated with one company while her relative Hassan Ali Jaffery is also the owner of one offshore company. Other prominent Pakistanis owning offshore companies include Javed Pasha (a close friend of Asif Ali Zardari having four companies), PPP Senator Rehman Malik (one company), PPP Senator Osman Saifullah’s family (34 companies), Anwar

... read more at: http://nation.com.pk/newspaper-picks/08-Aug-2017/no-action-against-holders-of-other-offshore-companies

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