NAB orders inquiry into 435 offshore firms owned by Pakistanis
Owners of the offshore companies include former FBR chief Abdullah Yousaf and PTI leader Aleem KhanThe National Accountability Bureau (NAB) Chairman Justice (retd) Javed Iqbal has directed the bureau to launch an inquiry into 435 offshore companies incorporated in Panama and British Virgin Island by Pakistanis. Former FBR chief Abdullah Yousafi also has about six offshore companies in the British Virgin Islands and Panama. Over 400 Pakistanis, including politicians, businessmen, bankers, as well as judges were identified in the leaks called the Panama Papers. The Supreme Court later heard petitions of Imran Khan, Sheikh Rashid and Sirajul Haq to disqualify then premier Nawaz Sharif, whose children also owned offshore businesses. After disqualification of Sharif, Haq again approached the apex court seeking trial of the remaining Pakistanis named in Panama Papers.
Source: The Express Tribune December 26, 2017 15:11 UTC
