PTI to approach SC over Panama Papers

ISLAMABAD: Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan announced on Tuesday that his party would approach Supreme Court over the issue of Panama Papers.

Talking to newsmen in Islamabad, he said that Prime Minister Nawaz Sharif was a beneficiary of Shamrock Corporation and his children were not the only one owning offshore companies.

“Shamrock Corporation’s revelation was mentioned in World Bank’s report. $0.3 million were transferred to corporation’s account”.

He said that the evidence of money laundering would be presented in the court, adding that corruption was destroying Pakistan.

Imran Khan said that his popularity was not on the decline.

“When we go to Lahore then our popularity would be clear to everyone”, he added.

He claimed that no political party could match the popularity of PTI in the country at present.

PTI chairman said that he would soon unearth another alleged scandal of Nawaz Sharif.

Responding to a recent statement of Narendra Modi, he said that Indian Prime Minister was wrong in saying that situation in Azad Jammu and Kashmir was tense.

He said that Nawaz Sharif should act like a prime minister and take a strong stance against Modi’s statement.

Imran further said that the world’s silence over the atrocities being committed by Indian forces was regretful.

Leaked confidential documents spanning over nearly 40 years that spell out the extensive use of tax havens by politicians, world leaders, and celebrities to launder money and evade taxes through one of the most secretive companies the Panamaian law firm Mossack Fonseca, had taken the world by storm.

Many Pakistanis have also been named in their revelations.

The prime minister has been under pressure since documents released as part of the Panama Papers data leak showed his children owned several off-shore companies and used them to buy properties in London. He denies wrongdoing, as do his children.

The leak of documents has captured global attention, uncovering among other things the use of off-shore businesses by wealthy individuals and corporations worldwide.

While such off-shore companies are often not illegal per se, their use spurs suspicions of illegal activity, such as money-laundering, corruption, and tax evasion.