The Prime Minister of Pakistan, Nawaz Sheriff had a breather yesterday when his case came to the Supreme Court for review since he was accused of money laundering by investing huge amounts in U.K and in other countries.
The famous “Panama Paper” leaks case would have brought the political ambition of the PM to nil if only Supreme Court had ordered him to step down, Out of 5 judges who reviewed the case, couple of them had voted against Mr Sheriff an 3 judges wanted the case to be re-examined thoroughly from the beginning which means Mr Sheriff can continue as PM till the common consensus between the judges has arrived.
The case was filed by the opposition party leader and the famous cricketer Imran Khan who accused that his kids had laundered huge sum of money to enrich themselves.
About the case:
The Panama Papers leak revealed that Pakistani Prime Minister Nawaz Sharif’s three children owned offshore companies and assets not shown on his family’s wealth statement.
The companies identified so far include three British Virgin Islands-based companies Nescoll Ltd, Nielsen Enterprises Ltd and Hangon Property Holdings Ltd, incorporated in 1993, 1994 and 2007 respectively.
These companies have been used to channel funds to acquire foreign assets, including some apartments along Park Lane in London’s Mayfair area.