Supreme Court questions money trail of Sharif's London flats

Published: November 30, 2016
SHARES
Email

ISLAMABAD: The Supreme Court on Wednesday questioned the money trail of the Sharif’s London flats.

During the hearing, Justice Asif Khosa observed that there was no bank record of money being transferred from Pakistan to a foreign country. The apex court was hearing a case pertaining to the alleged offshore wealth of the premier’s family in London.

Earlier, Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan’s counsel Naeem Bukhari submitted a two-page summary of a transaction questioning the Sharif family’s investment of Dhs 12 million in Qatar in 1980 despite owing the Bank of Commerce and Credit International (BCCI) Dhs 14 million.

Justice Azmat Saeed Sheikh remarked that the Sharifs had failed to explain how they had cleared the aforementioned dues in 1980. He also observed that the Sharifs had also failed to explain how they had financed the construction of Jeddah Steel Mills.

Panamagate case: PTI seeks to prove Sharif family owned London flats in 1999

The bench also observed that there was no similarity between the signatures of premier Nawaz Sharif’s cousin Tariq Shafi on an affidavit and a contract presented before the court.

Bukhari also contended that the Sharifs had failed to produce a single document showing how money had been transferred from Pakistan to Dubai, Doha, Jeddah and London.

‘Case stands dissolved’

Separately, PTI chief Imran Khan said the apex court had done the right thing by questioning the absence of a money trail as the Sharifs did not have the money they claimed to possess.

“Today’s proceedings in the apex court have exposed the discrepancy in the family’s documents and statements,” Khan told journalists. “Though the case is ongoing, it technically stands dissolved courtesy the aforementioned discrepancy,” he added.

PTI chairman Khan has been pleading his case against the Sharif’s offshore wealth and to defend himself before a different bench of the apex court for allegedly concealing his sources of income.

The party claims to have come up with fresh evidence this week to press its stance that Sharif’s London properties had been purchased in the 1990s rather than the ruling family’s claim of buying them in 2006.

On Monday, during the hearing, the PTI contended that the Sharif family owned both Nelson and Nescol companies in 1999. According to party sources, the new ‘evidence’ was brought from London.

Panamagate scandal: Judiciary will decide case on merit: Qureshi

On November 15, Prime Minister Nawaz Sharif and his daughter Maryam Nawaz submitted ‘documentary evidence’ on the legitimacy of their assets before the top court, claiming a Qatari prince paid for their London apartment.

On November 3, the premier denied holding offshore companies in a written response to the Supreme Court on Panamagate petitions. In his reply, the PM said he had declared all his assets in 2013, hence was not liable for disqualification under Articles 62 and 63 of the Constitution.

A treasure trove of classified documents leaked from a Panama-based law firm Mossack Fonseca in April revealed that three scions of the Sharif family were among dozens of powerful people who owned offshore businesses across international tax havens.

Facebook Conversations

Reader Comments (11)

  • London Banker
    Nov 30, 2016 - 2:02PM

    Can justice finally be done?Recommend

  • Mo
    Nov 30, 2016 - 2:41PM

    Will the judges come to the inevitable conclusion. May ALLAH GIVE THESE JUDGES COURAGE!Recommend

  • Faz
    Nov 30, 2016 - 2:51PM

    Maybe Sharif sons are Tony Stark’s and they hold patents to technology that we haven’t heard of and that is how they made their money. Next Evidence.Recommend

  • Sajid Ghumnana
    Nov 30, 2016 - 3:07PM

    Now, waiting for baseless press conference from PML N – so called leaders. Recommend

  • Ranjha
    Nov 30, 2016 - 4:14PM

    PTI is a party of liars. Hussain Sharif worked diligently as a delivery boy for a local halal fish and chips joint in Mayfair, often doing late night deliveries to Qatari and Saudi embassies. He saved every penny, spent hardly any on food as evident by his anorexic body, and Alhumdullilah, with the help of arch angel Gabriel, bought the Mayfair flats within a few years. It is true that the salary was low; however, the tips from rich clients for services rendered were big!

    Subhanallah, this rags to riches story should be taught in our text books to inspire generations to come!Recommend

  • Parvez
    Nov 30, 2016 - 4:30PM

    He who bells the cat will have his name enshrined in our history books.Recommend

  • Josheela
    Nov 30, 2016 - 5:43PM

    The outcome of this case is indeed a defining moment in the history of our nation. When the powerful elite adapt to a simpler lifestyle and live within their lawfully earned means only then there will be an incentive for all to stop ‘fazulkharchi’, hopefully in a short time we can then repay our debt that has undoubtedly crossed over 70 billion USD! Recommend

  • RF
    Nov 30, 2016 - 6:56PM

    @Ranjha:
    I like your creative mind :) Please use it for the betterment of the country.Recommend

  • Abid Ali Khan
    Nov 30, 2016 - 7:19PM

    Hats off to Khan…tiger of PakistanRecommend

  • Ranjha
    Nov 30, 2016 - 7:31PM

    @RF:

    Thanks. I am!Recommend

  • Pea Brain
    Dec 1, 2016 - 3:57AM

    @RF:
    Oh please, ‘betterment’ is not a word. How can he use a non-word as an implied verb for his country? Care to work on your own misgivings?Recommend

More in Pakistan