Money Laundering

Lahore:  Ousted Prime Minister Nawaz Sharif is likely to return on Friday to Pakistan to face cases against him, days after he went to London to see his ailing wife who underwent a throat cancer surgery. Mr Sharif was disqualified by the Supreme Court on July 28 in the Panama Papers case. His wife Kulsoom […]

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MEP Sven Giegold, Coordinator of the Greens/EFA group in the PANA committee, said that the PANA committee was “impeded massively” in its investigation on the Panama Papers. In comments posted by Alternattiva Demokratika chairman Arnold Cassola on Facebook, Giegold said this is so mostly because politicians refrained from attending meetings specifically held for the committee […]

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The government of Azerbaijan has responded angrily to revelations that it ran a secret $2.9bn (£2.2bn) fund which was used to pay prominent Europeans, run lobbying operations, and launder money via a group of opaque British companies. Azerbaijan’s presidential aide, Ali Hasanov, said the stories by the Guardian and other media partners were a smear. […]

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ISLAMABAD: Pakistan has launched the first- ever probe against a Chinese firm in a high-profile money laundering case, according to a media report. Securities and Exchange Commission of Pakistan (SECP) yesterday forwarded the request to Federal Investigation Agency (FIA) after pressed both by Pakistan and Chinese officials. Dawn reported that the case is among the […]

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Pakistan’s anti-graft watchdog has recommended freezing of assets and bank accounts of ousted prime minister Nawaz Sharif and his family members, an official said on Friday. The National Accountability Bureau (NAB), Lahore, has forwarded four cases against the Sharif family to its headquarters in Islamabad, proposing the steps against Mr. Sharif and his children. The […]

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ISLAMABAD: The documents and minutes of the meeting of SECP commission’s different meetings, available with The News, have revealed some new facts but the question arises that who is spreading misinformation about Chinese company’s alleged money laundering issue. The commission was not only kept abreast about each and every detail of the case but gave […]

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Panamanian police raided Mossack Fonseca’s HQ in April 2016. Image: Alejandro Bolivar / EPA The Helsinki Administrative Court has ruled that the Finnish Tax Administration cannot force the Finnish Broadcasting Company (Yle) to hand over Panama Papers material. The court declared on Wednesday that the media’s opportunities to gain access to necessary material could be […]

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Panamanian police raided Mossack Fonseca’s HQ in April 2016. Image: Alejandro Bolivar / EPA The Helsinki Administrative Court has ruled that the Finnish Tax Administration cannot force the Finnish Broadcasting Company (Yle) to hand over Panama Papers material. The court declared on Wednesday that the media’s opportunities to gain access to necessary material could be […]

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Pakistan has launched the first-ever probe against a Chinese firm in a high-profile money laundering case, according to a media report. Securities and Exchange Commission of Pakistan (SECP) on Wednesday forwarded the request to Federal Investigation Agency (FIA) after pressed both by Pakistan and Chinese officials. Dawn reported that the case is among the most […]

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Lahore:  Pakistan’s ousted Prime Minister Nawaz Sharif today left for London to see his ailing wife Begum Kulsoom amid speculation that he might not return due to the ongoing corruption and money laundering cases against him. Mr Sharif, 67, will spend Eid with his wife and other members of his family in London. He boarded […]

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ISLAMABAD: Awami Muslim League chief Sheikh Rasheed, one of the three petitioners in the Panama Papers case, has submitted a petition in the Supreme Court against National Accountability Bureau’s (NAB) failure to reopen the Hudaibiya Paper Mill case.  The petition states that on July 21, during hearing of the Panama Papers case, NAB had informed […]

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SUKKUR –  Pakistan Tehreek-i-Insaf (PTI) Chairman Imran Khan on Friday urged the people of the Sindh province to come out on the roads and end the reign of “Sindh’s pharaoh”. During a public gathering in Sukkur, Khan continued his criticism on ousted premier Nawaz Sharif but the focus of his criticism was PPP co-Chairman Asif […]

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The Treasury Department’s announcement Tuesday that it yet again extended a program to thwart money laundering by Russians and other foreigners through luxury U.S. real estate raises the question: Why isn’t it permanent? McClatchy reported exclusively that Treasury’s Financial Crimes Enforcement Network, known as FinCEN, had continued and expanded, to include Honolulu city and county, […]

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