Money Laundering

Finance Minister Edward Scicluna has written to the chairman of the PANA committee to inform him that the termination of work for two employees at the Financial Intelligence Analysis Unit was “according to law”. He was reacting to a letter he received from the PANA chairman Werner Langen, who questioned the termination of employment of […]

ISLAMABAD –  The Federal Investigation Agency (FIA) team— constituted by the Supreme Court to probe record tampering charges against the Securities Exchange Commission (SECP) — is likely to endorse the allegation of the Joint Investigation Team (JIT) probing the Panama Papers case. The apex court had formed the FIA probe team after the JIT alleged […]

ISLAMABAD: The Pakis­tan Peoples Party has said that the Joint Investigation Team (JIT) probing money laundering allegations under the Panama Papers case should make public video recording of its proceedings and statements of Prime Minister Nawaz Sharif and his family, otherwise its entire work will become controversial. “Videos of JIT proceedings should be released and […]

The German government stepped up its efforts to tackle organized crime and tax evasion by buying the so-called Panama Papers, a trove of documents stolen from the Panamanian law firm Mossack Fonseca implicating individuals stashing their wealth in offshore tax havens. Germany’s Federal Criminal Police Agency (BKA) spent 5 million euros ($5.7 million) to purchase […]

Hussain Nawaz, the elder son of Prime Minister Nawaz Sharif, arrived at the Federal Judicial Academy (FJA) on Tuesday to appear before the six-member Joint Investigation Team (JIT) investigating money laundering allegations against the Sharif family. This is Hussain’s sixth appearance before the probe team. His brother Hassan Nawaz faced the JIT on Monday, while […]

Pakistani Prime Minister Nawaz Sharif’s daughter, Maryam Nawaz Sharif, will be questioned by the joint investigation team (JIT) for the first time on Wednesday in connection with the Panamagate graft case. REUTERS/Caren Firouz Nawaz Sharif’s daughter to appear before Panama probe panel on Wednesday Pakistan Prime Minister’s elder son appears before Panama Papers probe panel

Finance Minister Ishaq Dar. PHOTO: ONLINE ISLAMABAD: Finance Minister Ishaq Dar on Monday disowned his confessional statement in the Hudaibya Paper Mills reference, saying: “Pakistani courts have already decided that it contains no evidentiary value”. “It’s nothing but trash and a waste paper,” Dar said while talking to the media soon after he recorded his statement […]

LAHORE: The Panama Papers have no legal value, claimed Railways Minister Khawaja Saad Rafique on Sunday. Addressing a party event in Lahore, the Pakistan Muslim League-Nawaz leader said “Only in Pakistan these documents were taken seriously, where an elected prime minister and his family were dragged into cases”. “No evidence of money laundering has been provided […]

ISLAMABAD: A source related to banking, who has close association with one of the members of the Joint Investigation Team (JIT) probing the Panama Papers case, confirmed to this scribe that majority of the JIT members were not even given the time to go through the documents which were being submitted before the apex court […]

LAHORE: The Panama Papers have no legal value, claimed Railways Minister Khawaja Saad Rafique on Sunday. Addressing a party event in Lahore, the Pakistan Muslim League-Nawaz leader said “Only in Pakistan these documents were taken seriously, where an elected prime minister and his family were dragged into cases”. “No evidence of money laundering has been provided […]

ISLAMABAD: A source related to banking, who has close association with one of the members of the Joint Investigation Team (JIT) probing the Panama Papers case, confirmed to this scribe that majority of the JIT members were not even given the time to go through the documents which were being submitted before the apex court […]