For states, the motive to increase shell-company registrations, rather than tamp down on or heavily regulate them, “appears to be simple: mountains of cash,” wrote Steve Reilly of USA Today. Indeed, it’s easy to see how shell companies have glommed onto local economies. Even though forming a company only costs a bit more than $100 […]

A defiant Prime Minister Nawaz Sharif on Thursday rejected calls from Pakistan’s opposition to step down after a probe panel recommended the opening of an anti-corruption case against him, saying only the people had the mandate to remove him. Sharif announced his decision while chairing an emergency meeting of his cabinet, which endorsed the move. […]

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ISLAMABAD: The opposition on Wednesday stepped up its campaign for the prime minister’s resignation, contending that the country’s entire political machinery had been paralysed by the shocking report of the Joint Investigation Team (JIT) on Panama Papers case. The Pakistan Tehreek-i-Insaf (PTI) and Pakistan Peoples Party (PPP) held a total of three press conferences in […]

In April last year, Pakistani Prime Minister Nawaz Sharif found himself in a precarious position following the “revelations” made by the famed Panama Papers. Leaked documents showed that three of Sharif’s children had links with offshore companies that owned properties in London. Sharif denies any wrongdoing. Subsequently, a petition against Sharif was filed in the […]

Jamiat Ulema-e-Islam-F chief Maulana Fazlur Rehman pictured in Peshawar on Wednesday. Photo: Geo News PESHAWAR: Jamiat Ulema-e-Islam-F chief Maulana Fazlur Rehman on Wednesday alleged that the purpose of the Panama Papers probe was to hurt the China-Pakistan Economic Corridor (CPEC). The politician implored that the public should try to discern what the Panama matter was […]

PESHAWAR –  Jamiat-e-Ulama-e-Islam-F chief Maulana Fazl-ur-Rahman while expressing reservation over the accountability proceedings against the Sharif family questioned whether the Joint Investigation Team (JIT) was aimed at investigating the alleged corruption of Prime Minister Nawaz Sharif or toppling his government. The Maulana while addressing a party gathering on Wednesday alleged that certain political parties had […]

ISLAMABAD: Here’s a quick reminder of what President Mamnoon Hussain had said last year when the Panama Papers scandal had initially surfaced. “There are levels of even corrupt people, some are ordinary corrupt while others are extraordinarily corrupt,” he had said. “You’ll see now what will become of those who are extraordinarily corrupt,” he added. […]

Last year was momentous for the breadth and depth of corruption revealed globally. Among the many remarkable events of 2016, the massive Panama Papers release, the multinational Odebrecht settlement, and Global Witness’ Undercover in New York investigations were all remarkable for pointing out the depth and breadth of international corrupt networks, and the degree to […]

Germany’s finance minister Wolfgang Schäuble spoke to the European Parliament Committee of Inquiry on money laundering, tax avoidance and tax evasion (PANA), concerning the recent developments after Berlin’s acquisition of confidential documents in the fight against tax evasion. The German minister testified at the request of the committee of inquiry into the Panama Papers in […]

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A massive collection of leaked documents has revealed faces behind offshore shell companies operating in secrecy to avoid taxes and launder money. Big names from around the world have been included in the disclosed documents. Majority of the involved people includes politicians, businessmen, bankers, judges and media personnel. The leaked documents dubbed as the Panama […]

ISLAMABAD: Pakistan Tehreek–e-Insaf (PTI) leaders on Wednesday reiterated demand for resignations from Prime Minister Nawaz Sharif and Finance Minister Ishaq Dar for alleged money laundering, as the damning report by the Panama case JIT revived the opposition’s calls for the PM to step down. Addressing a press conference in the capital, PTI’s Asad Umar said […]

LAHORE: Lawyers on Tuesday announced to give another seven days to Prime Minister Nawaz Sharif to step down. They announced to launch a countrywide movement if Nawaz failed to resign within one week. The National Action Committee would meet next week to devise a strategy for the movement to compel Nawaz to resign. Addressing a […]