ISLAMABAD: Prime Minister Nawaz Sharif in an address to the nation Tuesday evening said a high-level judicial commission will be formed to probe his family for wrongdoing, after the ‘Panama Papers’ leak revealed his sons and daughter owned offshore companies.
The judicial commission will be led by a retired Supreme Court judge, said the premier. The prime minister stated that certain individuals have indulged in point scoring and are digging issues from decades ago.
“My family has faced a barrage of accusations,” said the Prime Minister.
Nawaz Sharif also invited all politicians hurling allegations against him and his family to present evidence of any financial wrongdoing before judicial commission.
The Prime Minister, while explaining the start of his family business said, “My father started working in Lahore 25 years before the creation of Pakistan, and by the time of independence, Ittefaq foundries had already achieved success.”
He added that another industrial plant was also established in Dhaka, but was lost with the fall of East Pakistan in 1971.
“On Jan 2, 1972, Bhutto took over the foundry in Lahore, and hence our assets were lost in mere moments.”
“My family was not involved in politics till much later, as such, even before I got into politics, we were an established industrial family.”
Explaining further, the prime minister stated that his father established another industrial plant in Makkah, following the military coup in 1999. The plant was “later sold, and my sons invested the funds into their businesses.”
On Monday, a massive leak of secret files from a Panamanian law firm that specialises in offshore tax havens revealed financial wheelings and dealings of Prime Minister Nawaz Sharif’s family, among dozens of others including world leaders. According to documents available on the ICIJ website, the PM’s children Mariam, Hasan and Hussain “were owners or had the right to authorise transactions for several companies”.