WHAT’S THE SCAM ALL ABOUT?

THE LEAK OF 11 MILLION DOCUMENTS HELD BY PANAMA-BASED LAW FIRM MOSSACK FONSECA IDENTIFIED LINKS BETWEEN MANY POLITICAL AND BUSINESS LEADERS AROUND THE WORLD AND OFFSHORE COMPANIES AND ACCOUNTS. AMONG THEM WAS

NAWAZ SHARIF (PIC) AND HIS FAMILY MEMBERS

THE LEAKS in April 2016 revealed that three of Nawaz Sharif's children owned offshore companies and assets that were not shown on his family's wealth statement submitted to Parliament.

THE COMPANIES identified so far include three British Virgin Islands-based firms Nescoll Ltd, Nielsen Enterprises Ltd and Hangon Property Holdings Ltd, incorporated in 1993, 1994 and 2007 respectively. THESE FIRMS have been used to channel funds to acquire foreign assets, including some apartments along Park Lane in London's Mayfair area. THE INSINUATION that the companies were meant to hide or launder ill-gotten wealth or to avoid taxes called Nawaz Sharif’s credentials into question.

TILL FRIDAY, Sharif and his family denied any wrongdoing. In November, they told the Supreme Court that their London property was bought through investments in companies owned by the Qatari ruling family. NAWAZ SHARIF has called the leaks the work of people ‘targeting me and my family for their political aims’. In an address to the nation on April 5, 2016, he said those ‘who use ill-gotten wealth don't keep assets in their own names’. INITIALLY, HOWEVER, the leaks appeared to trigger panic in the top circles of the ruling PML-N party. The pressure was believed to be the reason behind Mr Sharif's unscheduled departure for London on 13 April 2016 to keep a rare appointment with his doctors.

Another elected Prime Minister sent home, but only to see him return with greater force & support & soonest Insha’Allah (God willing) — Maryam Sharif, Ex-PM’s daughter