Based on a report submitted by the Joint Investigation Team (JIT), the Pakistan Supreme Court has ordered a criminal case against the Chairman of Securities and Exchange Commission of Pakistan (SECP). The probe being conducted by JIT is in connection with the alleged offshore assets of Prime Minister Nawaz Sharif’s family, as was revealed in the Panama Papers leak. In the report submitted by JIT, it has been stated that Securities and Exchange Commission of Pakistan chairman Zafar Hijazi was involved in tampering records in order to favor Sharif’s family. The Supreme Court has also ordered a contempt of court notice for Jang Group. It may be recalled that Jang Group is a leading media house and it had raised questions over the findings of JIT. Sources said that Jang Group may be working in connivance with Sharif’s family.
The Supreme Court is also likely to take action public and political figures, who may be involved in influencing the case by giving false or misleading statements. The court has ordered the collection of transcripts of all speeches that were made by members of the ruling PML-N party in the last 60 days. However, PML-N leaders continue to claim innocence about the involvement of Sharif and his family members. Sharif’s daughter Maryam Nawaz, who was named in the Panama Papers leaks, said that the JIT is a conspiracy against democracy.