ISLAMABAD: National Accountability Bureau (NAB) Chairman Justice (retd) Javed Iqbal on Tuesday ordered an inquiry against 435 Pakistanis who registered companies in tax havens like Panama and British Virgin Islands (BVI). A communiqué issued by bureau mentioned that the chairman ordered the inquiry after taking notice of 435 offshore companies held by Pakistanis in Panama and the British Virgin Islands. Present or ex-government officials, as well as some politicians, registered offshore companies in Panama and BVI. It was revealed that former prime minister Nawaz Sharif’s sons and daughter hold offshore companies in tax heavens. It should be mentioned here that the setting up off-shore companies is not a criminal act.

Source: Pakistan Today December 26, 2017 17:37 UTC