Money parked abroad: LHC issues notices to 64 politicians

Politicians include PM Nawaz, Punjab CM Shahbaz, PTI chief Imran, PPP Chairman Bilawal and former president Zardari.


Our Correspondent May 10, 2014
CDA decides to take action against leaseholders for non-renewal. PHOTO: FILE

LAHORE:


Hearing a petition seeking court’s directive for politicians to bring their foreign assets back to Pakistan, the Lahore High Court (LHC) on Friday issued notices to federal government and at least 64 politicians.


Barrister Javed Iqbal Jafri had filed the petition against 26 political leaders in 1996 and later amended it and added more names to it.

These politicians include Prime Minister Nawaz Sharif, his brother Shahbaz Sharif, Pakistan Tehreek-e-Insaf chief Imran Khan, Pakistan Muslim League-Quaid chief Chaudhry Shujaat Hussain, Pakistan Peoples Party Chairman Bilawal Bhutto Zardari and former president Asif Ali Zardari. The lawyer claimed that the politicians caused a huge loss to the national exchequer by transferring at least $300,000 million to foreign countries through money laundering.

He said these politicians had not yet submitted in the court their affidavits about the money laundering despite repeated court orders. He said Pakistan would have no need to obtain foreign loans if assets of politicians were brought back and used in retiring foreign debt.

Justice Khalid Mahmood Khan adjourned hearing till May 29 and sought replies from the respondents.

Published in The Express Tribune, May 10th, 2014.

COMMENTS (10)

Qadar | 10 years ago | Reply

Money should be brought back that is ill gotten. However, many legitimate and genuine businessmen from all over the world including US, UK, CHINA, PAKISTAN, INDIA, SRILANKA, FRANCE. like to use off shore tax havens, as money is more safe there and it is legally more tax efficient. It is also a good idea that way to conduct global business, as it has been the age of globalisation for last 30 years, Pakistanis, and Pakistani business' lag in this although they are getting better.

so although i agree bring bak politicians, bureaucrats, generals, and tax cheating businessmen money, but no those who have legitimately opened for business purposes.

Xenia | 10 years ago | Reply Where is CJ???
VIEW MORE COMMENTS
Replying to X

Comments are moderated and generally will be posted if they are on-topic and not abusive.

For more information, please see our Comments FAQ