Panama Leaks - Panama Papers

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What are Panama leaks?, and the name of Pakistani politicians in Panama case and Businessman include in Panama papers leak list?
Panama Leaks - Panama Papers

Panama town is that the largest and fashionable town in the country of Panama. it's celebrated within the world owing to the Pacific Ocean and semisynthetic ship canal. however, in an Asian country, the rationale for its fame is completely totally different. Even each child in the Asian country is conversant in the name of Panama leak. The recent town is an associate degree atmospherical labyrinth of churches, plazas, and palaces. Fifteen miles from downtown Panama town, Soberania park is a wonderful destination for hiking and birding. For a desirable look into the canal, take a taxi or native bus to Miraflores Locks traveller Center and appearance down on the traffic below.

Panama Leaks of panama city

What is Panama Paper?

The Panama Papers ar academic degree new leak of 11.5m files from the knowledge of the world’s fourth-biggest offshore house, Mossack Fonseca. The records were obtained from associate degree anonymous supply by the German newspaper Süddeutsche Zeitung, that shared them with the International Association of inquiring Journalists (ICIJ). The ICIJ then shared them with AN outsized network of international partners, further because of the Guardian and additionally the BBC. The documents show the myriad ways in which within which during which he made will exploit closemouthed offshore tax regimes. Twelve national leaders are among 143 politicians, their families and shut associates from around the world proverbial to possess been exploitation offshore tax havens.

Among national leaders with offshore wealth ar Nawaz Sharif, Pakistan’s prime minister; Ayad Allawi, ex-interim prime minister and former vice-president of Iraq; Petro Poroshenko, president of Ukraine Alaa national leader, son of Egypt’s former president; and also the prime minister of Iceland, Sigmundur Davíð Gunnlaugsson. associate degree offshore investment fund pass the daddy of British prime minister David Cameron avoided ever having to pay tax in the United Kingdom by hiring a tiny low army of country residents to sign its work. The fund has been registered with metric linear unit Revenue and Customs since its origination and has filed careful tax returns per annum.Mr. Sharif’s name ne'er seems within the Panama Papers, however, 3 of his six youngsters Maryam Nawaz Sharif, Hasan Nawaz Sharif and Hussain Nawaz Sharif – were determined to own purchased luxury properties in London victimisation offshore holdings. His youngster s have maintained that the businesses were created with wrongfully obtained cash, however, critics claim otherwise.
Panama Leaks- panama papers

Panama Papers Leaks and Pakistani Politicians

Panama papers outline corruption in an exceedingly great amount, it unconcealed world's most corrupted folks through the newspaper. the foremost vital incident relating to Panama Papers happened in 2017 once Nawaz Sharif was disqualified because of the prime minister of the Asian country in a Gregorian calendar month. Nawaz Sharif’s 3 children’s names had appeared in Panama leaks, claiming that they were proprietors of the corporations or they were their useful house owners. Nawaz Sharif’s girl, who’s widely believed to be the successor of her father politically, was conjointly mentioned within the leaks because the owner of the corporations based mostly on the British Virgin Islands. An anti-corruption court has indicted former Asian country Prime Minister Nawaz Sharif, his girl, and relative-in-law, within the latest development depart from disclosures within the Panama Papers.

The Panama Papers leaks the family used offshore firms to shop for pricy London properties. Sharif resigned in Gregorian calendar month once Pakistan’s Supreme Court dominated he was disqualified to carry the country’s highest workplace for having assets “disproportionate to his proverbial means that of income". Sharif failed to attend the Oct eighteen hearing. He was in London, wherever his woman is undergoing surgery, and sent a plea of guiltless. His girl Maryam Sharif and his relative-in-law Mahomet Safdar pleaded guiltless at the hearing. The ICIJ report admitted that no alternative country within the world was agitated politically to such associate degree extent by the Panama Papers disclosures aside from Asian country. in step with Voice of America, once the Panama Papers disclosed the names of firms and persons for the primary time in 2016 for owning offshore firms, many Pakistanis were enclosed within the lists. The most vital among them were 3 youngsters of Nawaz Sharif. The Supreme Court of Asian country disqualified Nawaz from holding any billet and ordered for the filing of corruption references against him and his 3 youngsters within the answerability courts.
Pakistani Politicians in Panama Leaks

Panama Papers Leak and Panama Case

A number of vital Pakistanis are indicted by the International Association of inquiring Journalists (ICIJ)    investigation into offshore firms. In total, the journalists received eleven.5 million documents in an exceedingly leak from Panama-based house Mossack & Fonseca. an enormous range of Pakistanis feature on those lists, and that we bring you a round-up of the foremost outstanding names. So far 220 Pakistanis are featured within the list, though the ICIJ says that it'll be revealing a lot of files it could. it isn't like that Sharif Family is that the solely Family whom corruption had been caught by the ICIJ (International Association of inquiring Journalists). variety of vital Pakistanis are indicted within the ICIJ    investigation into offshore firms. an enormous range of Pakistanis feature on those lists, and sick bring you a round-up of the foremost outstanding names. So far 220 Pakistanis are featured on the list. Prime Minister Nawaz Sharif is joined by nine firms connected to his surname. Those concerned are Hassan Nawaz, Hussain Nawaz, and Maryam Nawaz.

Relatives of Punjab Chief Minister are joined to seven firms. they're Samina Durrani and Ilyas Mehraj. Now deceased former prime minister Benazir Bhutto was joined by 1 company. but relatives and associates are joined to others:Nephew Hassan Ali Jeffery, Javed pacha, shut friend of Asif Ali Zardari (4 companies), surgical operation legislator Rehman leader (1 company), surgical operation legislator Osman Saifullah’s family (34 companies) Anwar Saifullah, Hector Hevodidbon Saifullah, Humayun Saifullah, Iqbal Saifullah, Javed Saifullah and Jehangir Saifullah. The Chaudharies of Gujrat hasn't been joined in person however alternative relatives have further as Waseem Gulzar and Zain Sukhera (co-accused with former Prime Minister Yusuf Raza Gilani’s son inside the pillar of Islam scandal)."

What is Panama

Panama Leaks Pakistan List

  • Real Estate Czar Malik Riaz Hussain’s son (Bahria Town)Ahmad Ali Riaz (1 company)
  • Hassan Nawaz, Hussain Nawaz and Maryam Nawaz
  • Samina Durrani and Ilyas Mehraj
  • Nephew Hassan Ali Jaffery, Javed Pasha, Close friend of Asif Ali Zardari (4 companies)
  • PPP Senator Rehman Malik (1 company)
  • Waseem Gulzar and Zain Sukhera
  • PPP Senator Osman Saifullah’s family (34 companies)
  • Chairman ABM Group of Companies Azam Sultan (5 companies)
  • Pizza Hut owner Aqeel Hussain and family (1 company)Brother Tanwir Hassan
  • Chairman Soorty Enterprise Abdul Rashid Soorty and family
  • Sultan Ali Allana, Chairman of Habib Bank Limited (1 company)
  • Khawaja Iqbal Hassan, former NIB bank President (1 company)
  • Bashir Ahmed and Javed Shakoor of Buxly Paints (1 company)
  • Mehmood Ahmed of Berger Paints (1 company)
  • Hotel tycoon Sadruddin Hashwani and family (3 companies)Murtaza Haswani
  • Owner of Hilton Pharma, Shehbaz Yasin Malik and family (1 company)
  • The Hussain Dawood family (2 companies)Shahzada Dawood
  • Abdul Samad Dawood
  • Partner Saad Raja
  • The Abdullah family of Sapphire Textiles (5 companies)Yousuf Abdullah and his wife
  • Muhammad Abdullah and his wife
  • Shahid Abdullah and his family
  • Nadeem Abdullah and family
  • Amer Abdullah and family
  • Gul Muhammad Tabba of Lucky Textiles
  • Shahid Nazir, CEO of Masood Textile Mills (1 company)Partner Naziya Nazir
  • Zulfiqar Ali Lakhani, from Lakson Group and owner of Colgate-Palmolive, Tetley Clover and Clover Pakistan (1 company)
  • Zulfiqar Paracha and family of Universal Corporation (1 company)
  • Serving Lahore High Court Judge Justice Farrukh Irfan
  • Retired Judge Malik Qayyum
  • Pakistani Media personnel in Panama Leaks
  • Mir Shakil-ur-Rehman of GEO and Jang Group (1 company)
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