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Sharif family laundered Rs145m to evade taxes: alleges Imran

Islamabad:Pakistan Tehreek-i-Insaf (PTI) Chairman Imran Khan on Monday submitted documentary evidence against Prime Minister Nawaz Sharif and his family in the Panamagate case.
The documents acquired by DawnNews allege that the premier’s family has laundered Rs145 million since 1988 through illegal hundi/hawala business in order to evade taxes.
During this period of money laundering of Rs145m, the documents claim, “Sharif paid only Rs897 in income tax”.
The documents, submitted by Khan through Advocate Naeem Bokhari, contain details of alleged bank accounts held by the Sharif family and loan write-off schemes. The paper books also contain excerpts from a book by journalist Asad Kharal, in which he made several revelations regarding Prime Minister Nawaz Sharif.
Khan claimed in the dcuments comprising 686 pages that the Sharif family sent an amount of over Rs56m out of the country between 1988 and 1991.
It is alleged in the documents that two Hawala dealers from Peshawar were used to “siphon off” large amounts of money abroad in order to “whiten Sharif’s black money” and to evade income and wealth taxes.
The money laundered to a bank in the United Arab Emirates and elsewhere was exchanged into foreign currency and “repatriated [to Pakistan] in the name of 43 Sharif family members”.
The alleged transfer of funds and purchases of assets overseas was disclosed in a statement by Khalid Siraj, “first cousin and business partner” of Sharif, the documents claim.
The outstanding liabilities against Ittefaq Group of Industries owned by the Sharif family amount to Rs6,146m, they claim, adding that the industrial complexes owned by the Sharif family grew rapidly during the years Sharif was finance minister and chief minister of Punjab.
The Supreme Court will resume hearing the Panamagate case on Nov 15. While the court is still considering whether it will appoint a commission to probe the Panamagate case, the court has made known its intention of initiating the process of accountability with Prime Minister Nawaz Sharif as a test case — since he has volunteered himself for scrutiny and because, as the prime minister, his responsibilities are greater than those of others.



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