Joint Investigation Team’s sessions are held at the Federal Judicial Academy. Photo: file   ISLAMABAD: The Panama Papers case Joint Investigation Team (JIT) is reviewing the details of Prime Minister Nawaz Sharif’s business accounts in its session under way at the Federal Judicial Academy. According to sources, a private bank’s senior officers appeared before the […]

ISLAMABAD: Pakistan Prime Minister Nawaz Sharif’s daughter, Maryam Nawaz, has been summoned to appear before the Joint Investigation Team (JIT) in connection with the Panama Papers probe into the family’s assets, the media reported on Tuesday. In the summons, the JIT has asked Maryam to appear before it on July 5. Maryam is currently in […]

By Aamir Latif KARACHI, Pakistan Investigators probing the Panama Papers scandal on the orders of the country’s Supreme Court, have summoned Pakistani Prime Minister Nawaz Sharif’s daughter and his potentıal political heir on July 5, according to a summons from the investigation team on Tuesday. Maryam Nawaz — who is being touted as the next […]

Linking Aadhaar to bank accounts is a recipe for creating benami bank accounts and scaling benami bank transactions. It threatens to destroy your bank accounts and destroy the country’s banking system. It’s devastating that the integrity of banking processes is being destroyed by dividing, outsourcing and privatizing processes integral to core banking so that they […]

ISLAMABAD – The speculation windmill in the political circles and whispers in the power corridors of Islamabad and Rawalpindi are suddenly in sync: the fate of Prime Minister Nawaz Sharif’s stay in power is sealed as a result of the proceedings of the probe of the Joint Investigation Team constituted by the Supreme Court. It […]

Issued by Transparency International Secretariat Translations: ES Transparency International today welcomed the news that the former President of Panama Ricardo Martinelli has finally been arrested in the United States and will presumably face an extradition hearing following a request made by the Panamanian government more than nine months ago. “Even though Ricardo Martinelli’s arrest is […]

PANAMA CITY – The front pages of Panamanian newspapers are virtually monopolized by the scandals linked to former President Ricardo Martinelli, the millions of dollars in bribes paid by Brazil’s Odebrecht construction firm and the Panama Papers, a situation that the country is trying to face by mounting an anticorruption instruction and advertising campaign. In […]

Finance Minister Edward Scicluna was careful not to engage with MEPs who again pressed him on Malta’s commitment to fight money laundering, Panama Papers leaks and claims of the island being used for tax evasion. Prof. Scicluna told the European Parliament’s economic and monetary affairs committee (Econ) in Brussels on Monday: “As president of the […]

The dividing line between tax evasion and tax avoidance has always been blurred. While most countries defend their fiscal sovereignty that enables them to determine their fiscal policies, the issue of personal and corporate tax avoidance is very high on the political agenda of many countries. The need for action to combat it features frequently […]

Massive data leaks on tax dodging, including the Swiss leaks and the Panama papers, have put an uncomfortable spotlight on the global elite’s role in promulgating global inequality, from celebrities to entrepreneurs to politicians (the backlash even brought down Iceland’s prime minister). But how much blame should be placed on the people who mastermind their […]