Panama Probe Team Finds 'Glaring Disparities' in Nawaz Sharif's Family Income

Nawaz Sharif could be the second leader to be toppled by the Panama papers after claims that he and his family laundered public funds

The six-member team of JIT has apparently submitted its magnified report to the Supreme Court of Pakistan after a 60-day meticulous investigation.

Prime minister Nawaz Sharif and his family accused of illegally profiting from his position as PM during the 1990s.

The PML-N government has said the investigation report will not be accepted by it, as a statement of former Qatari prime minister Sheikh Hamad bin Jassim bin Jaber Al-Thani, a key defence witness, is still expected.

A three-judge special bench of the Supreme Court comprising Justice Ejaz Afzal, Justice Azmat Saeed and Justice Ijazul Ahsan will examine the final report and decide further course of action.

The report suggested the National Accountability Bureau, the country's main anti-corruption watchdog, should open a "reference" or case against Sharif and his three children under the provisions of the National Accountability Bureau Ordinance of 1999.

The minister said that the PML-N is still ready to fight the legal battle in the court and will demolish all accusations against the Sharif family, excercising all available legal options.

The bench took a notice of a news item headlined "JIT 'doesn't find PM guilty, ' but his sons", published in The News International with Urdu version in daily the Jang on July 10, and issued contempt notices to Editor-in-Chief Mir Shakeel-ur-Rehman, printer and publisher, Mir Javed Rehman and the reporter Ahmad Noorani.

It also highlighted "irregular movement" of huge sums of money in the form "loans and gifts" between Sharif and his youngest son from various companies set up in Saudi Arabia, the United Kingdom and the UAE. "Our legal team is reviewing the report and will submit its arguments in the apex court".

The News quoted "sources close to the JIT" as saying that the panel has not found Sharif responsible for any wrongdoing but did link his sons to doubtful financial transactions.

In a related development, a case was registered on Monday against the Securities and Exchange Commission of Pakistan (SECP) chief Zafar Hijazi for tampering with records of Sharif-owned business while the investigating team was completing its inquiry. His younger brother appeared thrice.

Capt (r) Muhammad Safdar Awan, the premier's son-in-law, has also been included in the names forwarded to NAB.

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