Islamabad: In a setback to Pakistan Prime Minister Nawaz Sharif, a Supreme Court ordered probe panel in its final report on the Panamagate on Monday recommended filing of a corruption case against him and his children after finding “significant” disparities in their income and actual wealth.
The six-member Joint Investigation Team (JIT) that probed the Sharif family’s business dealings in its report recommended that a reference (corruption case) should be filed against Mr Sharif and his sons Hassan Nawaz and Hussain Nawaz, as well as daughter Maryam Nawaz.
The JIT submitted it 256-page report to the Supreme Court of Pakistan two months after it was formed in the light of the court’s order in Panama Papers case.
The report highlighted “irregular movement” of huge sums of money in the form “loans and gifts” between Mr Sharif and his youngest son from various companies set up in Saudi Arabia UK and UAE. It said the role of off-shore companies is critical as they have been identified to be linked with their businesses in UK.
The JIT also said the respondents were unable to provide substantive evidence of a reliable money trail, used to buy expensive properties in London.