JIT observes discrepancies in Sharif family assets

Marlene Weaver
July 11, 2017

"Significant gap/disparity amongst the known and declared sources of income and the wealth accumulated by the Respondent No. 1, 6, 7 and 8 have been observed", the JIT observed in its concluding remarks.

Members of the federal cabinet and experts of law and constitution attended the meeting in which they discussed the ongoing political pressure faced by the ruling Pakistan Muslim League-Nawaz (PML-N-).

A report in The News claimed that the investigations have exonerated the Prime Minister Nawaz Sharif of the charges but found his sons Hussain and Hassan guilty of failing to establish the money trail.

Earlier, speaking outside the ECP office, former PPP leader Senator Babar Awan, who recently joined PTI, objected against the "propaganda being created after the ECP's contempt of court notice to Imran Khan", saying that there was a big difference between the PTI chief and Prime Minister Nawaz Sharif.

The six-member team of JIT has apparently submitted its magnified report to the Supreme Court of Pakistan after a 60-day meticulous investigation.

Prime Minister's Special Assistant Asif Kirmani had already stressed again that the JIT report will have "no credibility" if does not include the statement of Qatari prince Sheikh Hamad bin Jassim bin Jabar Al-Thani. "Our legal team is reviewing the report and will submit its arguments in the apex court".

The court ordered that its copies should be provided to the parties in the case, including Sharif family.

The probe being conducted by JIT is in connection with the alleged offshore assets of Prime Minister Nawaz Sharif's family, as was revealed in the Panama Papers leak.

The hearing of the case was adjourned till Monday (July 17).

The JIT also summoned National Bank of Pakistan CEO Saeed Ahmed, and some officials from the State Bank of Pakistan (SBP), among others. The assets in question are four apartments costing several million pounds in Park Lane, London, which according to Panama Papers were purchased through off shore companies Nielson and Nescol but hidden from tax authorities in Pakistan.

Capt (r) Muhammad Safdar Awan, the premier's son-in-law, has also been included in the names forwarded to NAB.

"There is no need of further trial or proceedings".

Other reports by Insurance News

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