Pakistan to probe 436 people named in the Panama Papers – occrp

Pakistan’s Supreme Court ordered on Thursday the country’s anti-graft agency to serve notices to 436 Pakistanis who were named in the Panama Papers as owners of offshore companies.

Panama Papers (Photo: ICIJ)

The legal petition seeking action against all Pakistanis named in the leaks were tabled by Siraj ul Haq, the head of country’s political and religious party Jama’at e Islami.

A two-member Supreme Court panel reviewed the petition and ordered the National Accountability Bureau (NAB) to determine whether these individuals own assets beyond known sources of income or not.

During the hearing, Mr Haq’s advocate told the court that decisive action should be taken against those who had “engaged in corrupt practices and set up off-shore companies in Panama”.

The advocate alleged that “these companies are established for tax-evasion purposes, therefore, an action should be taken against those who engaged in money-laundering”.

“I served on the bench that heard the Panama Papers case. We will

... read more at: https://www.occrp.org/en/27-ccwatch/cc-watch-briefs/7307-pakistan-to-probe-436-people-named-in-the-panama-papers

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