Top Pakistani politicians, tycoons in Panama papers

The Panama Papers released by the International Consortium of Investigative Journalists this Sunday unleashed a hailstorm of criticism in Pakistan, after it revealed a network of secret offshore accounts held by the rich and powerful.

More than 200 Pakistanis have been named in this list. Among the documents leaked from secretive Panama-based law firm Mossack Fonseca are details of shady dealings by famous figures from around the world. While offshore companies are not in themselves illegal, they are used for money laundering and tax evasion. Here is the Panama Papers leak explained.

Pakistan’s Prime Minister Nawaz Sharif has been heavily implicated in the Panama Papers after Leaked documents show that three of Sharif’s children were linked to offshore companies that owned properties in London, reports local media.

Pakistani newspaper The News and The Indian Express said Sharif’s sons Hussain and Hasan, and his daughter Maryam, were linked to several offshore companies. Nawaz Sharif in reaction to the leak announced on Tuesday the formation of a commission to investigate allegations made in the so-called Panama Papers that linked his family to a series of offshore companies.

Here is a list of Pakistanis who have been named in the Panama papers.

Politicians:

Prime Minister Nawaz Sharif’s family (9 companies)

Hassan Nawaz

Hussain Nawaz

Maryam Nawaz

Punjab Chief Minister Shahbaz Sharif’s relatives (7 companies)

Samina Durrani

Ilyas Mehraj

Former PM Benazir Bhutto (1 company)

Nephew Hassan Ali Jaffery

Javed Pasha, Close friend of Asif Ali Zardari (4 companies)

PPP Senator Rehman Malik (1 company)

PPP Senator Osman Saifullah’s family (34 companies)

Anwar Saifullah

Salim Saifullah

Humayun Saifullah

Iqbal Saifullah

Javed Saifullah

Jehangir Saifullah

Relatives of Chaudharys of Gujrat

Waseem Gulzar

Zain Sukhera (co-accused with former Prime Minister Yusuf Raza Gilani’s son in the Hajj scandal)

Businessmen:

Real Estate Czar Malik Riaz Hussain’s son (Bahria Town)

Ahmad Ali Riaz (1 company)

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)

Hussain Dawood family (2 companies)

Shahzada Dawood

Abdul Samad Dawood

Partner Saad Raja

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)

Judges:

Serving Lahore High Court Judge Justice Farrukh Irfan

Retired Judge Malik Qayyum

Media:

Mir Shakil-ur-Rehman of GEO and Jang Group (1 company)

 

Published in Khaleej Times

 

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