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Panama papers: Sharif's kin served tax notice

Nawaz Sharif's two sons and a daughter were mentioned as having offshore companies

Policy Pulse
Publish Date: Sep 5 2016 2:18PM | Updated Date: Sep 5 2016 2:18PM

Panama papers: Sharif's kin served tax notice

Pakistan's tax authority issued notices to at least 450 people, including Prime Minister Nawaz Sharif’s family members, whose names surfaced in the Panama Papers leak for owning offshore companies. 

 

The Federal Board of Revenue (FBR) issued notices after which Imran Khan's Pakistan Tehreek-I-Insaf party organised a rally in Lahore to protest alleged corruption by Sharif.

 

Khan warned the FBR and National Accountability Bureau against failure to take against Sharif and his family after Panama leaks. 

 

The FBR said in an official statement that its Directorate General of Intelligence and Investigation had issued the notices to obtain official versions of the people under media scrutiny.

 

"The exercise will help to verify the authenticity of the reports that have been surfacing in the media for the past five months," quoted FBR’s statement. 

 

The Panama Papers surfaced in April following a massive leak of documents of Panama-based Mossack Fonseca Company which reportedly deals with the offshore companies of world's rich individuals.

 

Sharif's two sons and a daughter were mentioned as having offshore companies which operated their properties abroad and the FBR have issued notices to them.