ISLAMABAD: Pakistan Tehreek-i-Insaf (PTI) has submitted documentary evidence against Prime Minister Nawaz Sharif and his family in the Panama Leak case.
According to the documents, the PM’s family laundered Rs145 million during 1988 to 1991 through illegal hundi/hawala business in order to evade taxes. During the mentioned period, the prime minister paid only Rs897 in income tax, the documents, submitted by PTI Chairman Imran Khan through his Advocate Naeem Bokhari, claim.
The documents also alleged that the Sharif family had undeclared bank accounts and they also availed loan write-off schemes. Khan claimed in the documents comprising 686 pages that two Hawala dealers from Peshawar were used to “siphon off” large amounts of money abroad in order to “whiten Sharif’s black money” and to evade income and wealth taxes.
The money laundered to a bank in the United Arab Emirates and elsewhere was exchanged into foreign currency and “repatriated [to Pakistan] in the name of 43 Sharif family members”.
The outstanding liabilities against Ittefaq Group of Industries owned by the Sharif family amount to Rs6,146m, they claim, adding that the industrial complexes owned by the Sharif family grew rapidly during the years Sharif was finance minister and chief minister of Punjab.
The Supreme Court will resume hearing the Panamagate case on Nov 15 (today).
