ISLAMABAD (Web Desk) – Prime Minister Nawaz Sharif on Friday pledged to resign if a probe related to the Panama Papers tax scandal found his family had committed any wrongdoing. Three of Sharif’s children were named in a vast leak of documents from Panama-based law firm Mossack Fonseca this month that has revealed how the wealthy […]

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ISLAMABAD (Web Desk) – Formation of an inquiry commission to probe into Panama Papers allegations against Prime Minister Nawaz Sharif’s family is facing delay as Chief Justice of Pakistan (CJP) Anwar Zaheer Jamali has left for Turkey today (Saturday) on a week-long visit, Dunya News reported. The Chief Justice will return to Pakistan on May […]

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Following the revelations of the Panama Papers, Democratic presidential candidate Hillary Clinton has condemned those who have been exposed for hiding their wealth in offshore tax havens. It turns out that among those she has criticized are some of her associates. In early April, a massive leak of financial records from Mossack Fonseca, a Panama-based […]

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Express News screen grab of Nawaz Sharif’s address to the nation on Friday ISLAMABAD: Prime Minister Nawaz Sharif has said he would resign if any wrongdoing is proved against him before the commission formed to investigate offshore wealth in the wake of Panama Papers revelations. “I challenge those accusing me of wrongdoing to prove that before […]

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ISLAMABAD: Pakistan’s embattled Prime Minister Nawaz Sharif today pledged to resign if proved guilty of graft or misappropriation in a high-level probe in the wake of the ‘Panama Paper’ leaks in which three of his children are said to have offshore companies. “I challenge all those who allege tax fraud to come forward and present […]

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Germany’s federal states on Friday called for increased measures against tax havens and for media outlets to allow prosecutors to examine the contents of a cache of 11.5 million documents leaked to the press known as the “Panama Papers.” DW recommends Russia, US play blame game over Panama Papers While President Vladimir Putin is singing […]

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After raids and investigations by the governments of El Salvador, Peru, and Panama itself, the U.S. government is looking into the tax-avoidance schemes exposed by the “Panama Papers.” The announcement came from U.S. Attorney for Manhattan Preet Bharara, in a letter to the International Consortium of Investigative Journalists (ICIJ) — the group that was given […]

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President Ali Zafar says judicial, parliamentary panels unacceptable PHOTO: FILE LAHORE: The Supreme Court Bar Association (SCBA) has rejected the formation of judicial or parliamentary commissions to investigate the Panama leaks and instead proposed a national task force to probe into offshore assets of Pakistanis. The prime minister has announced the formation of a judicial panel […]

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China has launched the second round of its international manhunt Operation Skynet, with the multiagency effort continuing to target offshore companies, underground banks and fugitive corrupt officials. “Skynet 2016” is an extension of the Skynet operation launched in March last year, and which brought together various government departments in an international quest to recover fleeing […]

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David Cameron will not face an investigation by parliament’s standards watchdog after a Labour MP complained that the prime minister had not declared a shareholding in his late father’s offshore fund. Kathryn Hudson, the parliamentary standards commissioner, has decided not to investigate the matter dating back to Cameron’s time as leader of the opposition. Her […]

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