Offshore accounts: NAB chief seeks progress report on inquiry



Two years after an international consortium of investigative journalists first broke the story about thousands of people parking their funds in offshore bank accounts, the apex anti-corruption watchdog in the country has sought a progress report on an inquiry into the Pakistanis who had accounts abroad.

The Panama Papers, released by the International Consortium of Investigative Journalists (ICIJ) in April 2016, had disclosed that as many as 435 Pakistanis had registered offshore companies in Panama and the British Virgin Islands to hide their wealth, including the children of former prime minister Nawaz Sharif.

Subsequently, the National Accountability Bureau (NAB) had launched a probe into these companies and accounts for possible corruption.

In a statement issued on Sunday, NAB said that its chairman Justice (retired) Javed Iqbal had sought a progress report on the bureau’s ongoing inquiry

The NAB chairman had earlier

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