Pak Supreme Court orders probe against Nawaz Sharif's involvement in Panama Scandal
Panamanian law firm Mossack Fonseca (MF) had earlier revealed that Sharif�s sons and daughter allegedly invested in four offshore companies aboard
In a major blow to Pakistan Prime Minister Nawaz Sharif, the Pak Supreme Court has on Tuesday ordered a probe into the Panama papers scandal that alleged the involvement of the PM and his family.
Panamanian law firm Mossack Fonseca (MF) had earlier said that Sharif’s sons and daughter allegedly invested in four offshore companies aboard.
The court has now asked both the Pakistan Muslim League and opposition party Pakistan Tehreek-i-Insaf (PTI) to submit their Terms of Reference (ToRs) on the formation of a commission to probe the scandal, saying that the commission will report to the apex court.
The court argued that the Panama Papers issue has affected the entire country and we have to save the country from unrest and crises, The Dawn reported.
The Panama leaks earlier exposed 11.5 million leaked documents connected to the offshore assets of 40 political figures across the world. MF said Sharif's s sons and daughter, Hussain Nawaz, Hasan Nawaz Sharif and Mariam Safdar, set up at least four offshore companies in the British Virgin Islands (BVI).
In the wake of the new SC order, Pakistan opposition leader Imran Khan reportedly backed from his proposed plan to lockdown Islamabad on November 2, saying it will be marked as a thanksgiving day.
“On the Supreme Court’s advice, we have decided that tomorrow we will thank God and celebrate a Day of Thanks at (Islamabad’s) parade ground,” PTI chief told reporters.
Mr Sharif had earlier announced plans to institute an inquiry under a retired judge to investigate the scandal, saying the leaks are the work of people "targeting me and my family for their political aims".
However, opposition parties rejected the plan arguing that such inquiries went nowhere in the past.