Published On: Mon, Apr 4th, 2016

‘PM, Shahbaz Sharif own no assets offshore’: Hussain Nawaz Sharif



KARACHI: Hussain Nawaz Sharif, the son of Prime Minister Nawaz Sharif has denied reports that his father owns assets offshore, as claimed by Panama papers, Samaa reports Monday.

“We simply purchased a property, what it has to do with money laundering? The company which holds this [property] is owned by us, it has no connection with money laundering,” he claimed while speaking to Samaa.

“Whatever the report says I have nothing to do with it, and I categorically say both Mian Nawaz Sharif and Mian Shahbaz Sharif own neither any asset abroad nor any offshore or onshore company is registered against their names,” Hassan Nawaz further said.

In a massive leak of confidential papers, the ‘Panama leaks’ reveal that Hussain and Hasan Nawaz Sharif, and Mariam Safdar, the sons and daughter of PM Nawaz Sharif, own at least six upmarket properties overlooking London’s Hyde Park.

Sharif family mortgaged four of these properties to the Deutsche Bank (Suisse) SA for a loan of GBP 7 million and the Bank of Scotland part financed the purchase of two other apartments, the document said.

The documents further unveil that former Pakistan prime minister late Benazir Bhutto, her aide Abdul Rehman Malik and nephew Hassan Ali Jaffery Bhutto set up a company, Petroline International Inc, in the British Virgin Islands in 2001.

News Source Sama

About the Author

Syed Ammar Alavi

- is Lahore (Pakistan) based journalist & writer with 25-year experience in print, wire and broadcast forms of journalism. His major fields of interest are politics, film,tv,sports, climate change and technology

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