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Panama Papers Verdict: PM Nawaz Sharif survives corruption ruling

Nawaz Sharif

Islamabad: Pakistan Prime Minister Nawaz Sharif today narrowly survived being disqualified after a 3-2 split decision by a Supreme Court bench which ordered to set up a Joint Investigation Team (JIT) within a week to probe the allegations of money laundering against his family.

According to the judgment, the premier would not be disqualified and a JIT (Joint Investigation Team) would be formed to probe money trail of Sharif family. Prime Minister Nawaz Sharif along with Hassan and Hussain Nawaz would appear before the JIT.

The JIT would report to the court after every two weeks and would complete the proceedings in 60 days. It would be including representatives from Intra Services Intelligence, Military Intelligence, Federal Investigation Agency, Securities and Exchange Commission of Pakistan and National Accountability Bureau.

The five-judge bench comprising Justice Asif Saeed Khosa, Justice Gulzar Ahmed, Justice Ejaz Afzal Khan, Justice Azmat Saeed and Justice Ijazul Ahsan issued the landmark judgement 57 days after concluding the hearing.

The case is about alleged money laundering by Sharif in 1990s when he twice served as Prime Minister to purchase assets in London.

The assets surfaced when Panama papers last year showed that they were managed through offshore companies owned by Sharif’s children.

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