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Panama Papers Verdict: PM Nawaz Sharif survives corruption ruling

Panama Papers Verdict: PM Nawaz Sharif survives corruption ruling

ISLAMABAD: Supreme Court in a split verdict neither disqualified nor gave clean chit to Prime Minister Nawaz Sharif in most talked about Panama Papers case. Representatives from the Federal Investigative Agency, the Securities and Exchange Commission of Pakistan, the central bank, and other bodies will be involved and will be tasked with submitting fortnightly reports to the Supreme Court.

The case filed by various petitioners - Pakistan Tehreek-i-Insaf chief Imran Khan, Jamaat-i-Islami emir Sirajul Haq and Sheikh Rashid Ahmed - sought disqualification of Prime Minister Sharif over his alleged misstatement in his address to the nation on April 5 and his speech before the National Assembly on May 16, 2016.

A trove of 11.5 million digital records from the Panamanian law firm Mossack Fonseca previous year revealed how numerous world's wealthy used offshore companies to stash assets.

The Panama Papers held 11 million secret documents which were leaked from the Panama-based law firm Mossack Fonseca. "We must suspend our judgments about the future of Sharif's politics and that of his government and his party until that decision is made in due course of time", he says.

"We will cooperate with the JIT and keep on respecting the court". The court also asked the Sharif's two sons - Hasan and Hussain Nawaz - to appear before the team.

The leaked documents alleged there were at least eight off shore companies having links to the Sharif family. "That is very damaging to the prime minister", Rasheed Razvi said.

PM Sharif and his daughter told the Supreme Court last November that their London property was bought through investments in companies owned by the Qatari ruling family.

Interest in the case has remained intense, with Pakistani television focusing on predictions about the decision and social media circulating spurious versions of verdicts purported to have been leaked.

Sharif, one of Pakistan's richest men, told parliament a year ago that his family wealth was acquired legally in the decades before he entered politics.

Pakistan's Prime Minister Nawaz Sharif attends the Pakistan Day military parade in Islamabad March 23, 2017.

The court also ordered that it was important to probe how money was transferred to Qatar. "PM Sharif had suggested that he is willing to be probed by a committee", News 18 reported.

Her third tweet said: "Celebrations" with photos of herself, her uncle Shahbaz Sharif and father Nawaz Sharif in a celebration mood.

Opposition politicians, including Imran Khan, of the PTI party, allege the prime minister and his family illegally profited from his position.

Late Wednesday he detailed his party's infrastructure achievements in televised comments at the inauguration of a power plant, without mentioning the looming verdict.

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