Nawaz Sharif narrowly survives Panamagate jolt

Leaders and supporters of ruling party PML-N celebrate after a Supreme Court verdict on the Panama Papers case outside the court building in Islamabad on April 20. — AFP

Leaders and supporters of ruling party PML-N celebrate after a Supreme Court verdict on the Panama Papers case outside the court building in Islamabad on April 20. — AFP

The Supreme Court agreed previous year to investigate the Sharif family's offshore wealth after opposition leader Imran Khan threatened street protests following the leaking of the "Panama Papers".

The court had agreed to investigate the family's wealth late previous year after opposition leader Imran Khan threatened street protests.

"Panama Paper leaks indicated that money was used by four companies in which his three children- two sons and one daughter were the beneficiaries and buying some premium properties in London and other parts of UK".

The Pakistan Supreme Court has announced that the formation of a joint probe team to investigate charges on Pakistan Prime Minister Nawaz Sharif and his family members in the Panama Papers case, according to the reports by CNN News 18.

Pakistan's former president Asif Ali Zardari on Thursday condemned the Supreme Court's ruling in the Panamagate case against Prime Minister Nawaz Sharif, saying the decision has not only "damaged" democracy but also justice.

A five-judge bench, comprising Justice Asif Saeed Khosa, Justice Gulzar Ahmed, Justice Ejaz Afzal Khan, Justice Azmat Saeed and Justice Ijazul Ahsan, delivered the landmark judgement after examining arguments presented in the case.

Terming the apex court verdict "a historic judgment in Pakistan's history", he said that all five members of the bench had has rejected PM Sharif's explanation into his source of income and money trail that led to his children's offshore holdings.

The assets surfaced when Panama papers - a collection of leaked documents - showed that they were managed through offshore companies owned by Sharif's offspring.

Arkansas court blocks 1 execution set for Thursday
Lee and Johnson are the only two inmates among the group of eight to consistently maintain their innocence. A double execution planned for earlier this week was halted by the state Supreme Court.

"With today's decision, not only democracy but also justice itself have been damaged".

Analysts in Pakistan were quick to warn Mr Sharif not to be too triumphant over the verdict, noting that the forthcoming investigation may yet harm him politically.

"There is no chance that decision will come against our leadership".

The premier's daughter, Maryam Nawaz, tweeted a photo of Prime Minister Nawaz Sharif, his family and PML-N leaders celebrating the verdict with smiles and embraces.

In January this year, a BBC report revealed that Sharif family had purchased properties in London's upscale Park Lane neighbourhood in the 1990s and there was no change in ownership since then.

Fawad Chaudhry of Pakistan Tehreek-e-Insaaf (PTI) said that Sharif should resign as all judges have accepted that money was illegally sent out of the country.

Addressing the media after the verdict, Railways Minister Khawaja Saad Rafique said: "Every party including Imran Khan, Sirajul Haq should now respect the SC verdict".

Recommended News

  • Amber Alert Issued for Two Children out of Oklahoma

    Amber Alert Issued for Two Children out of Oklahoma

    The Tulsa County Sheriff's Office said in a tweet that the mother was taken into custody. The children were in good condition, the Delaware County Sheriff's Office said.
    Sharks even National Hockey League  at 2-2, belting Oilers 7-0

    Sharks even National Hockey League at 2-2, belting Oilers 7-0

    But after failing to put a shot on goal, Joel Ward tripped Oilers defenseman Andrej Sekera to cut the advantage 48 seconds short. According to oddsmakers at Bovada.lv, the Sharks are favored at home today, as they are getting odds of -125 to win.

    Syrian regime launches airstrike on town still mourning chemical attack

    The U.S. fired a barrage of cruise missiles into Syria on Thursday night in retaliation for a chemical weapons attack against civilians earlier in the week.
  • We won't consider OSCE report on referendum: Erdogan

    Speaking about his victory in the referendum , Erdogan said that a win was always a win. He added that " we expect the main opposition party's leader to act more responsibly ".
    Singapore unveiled as Norwegian UK's first route

    Singapore unveiled as Norwegian UK's first route

    The route will be operated on the airline's 787 Dreamliner aircraft, which has 344 economy and premium seats. It will be operated by Norwegian's UK subsidiary called Norwegian UK (NUK), using Gatwick-based crew.
    This SNES Mini is probably why Nintendo killed off the NES Classic

    This SNES Mini is probably why Nintendo killed off the NES Classic

    Most have found it hard to get one and ending production indicates that buying one may well be out of reach. Most have run out of stock for quite some time and chances of seeing them re-stocked could be low.
  • United Airlines Will Compensate All Passengers Who Were On Controversial Flight

    United Airlines Will Compensate All Passengers Who Were On Controversial Flight

    The airline has confirmed it is "reaching out" to customers on United Flight 3411 and "offering compensation for their flights". No passengers on the plane have mentioned that Dr Dao did anything but refuse to leave the plane when he was ordered to do so.

    Facebook's new camera could make you question reality

    This would be a more advanced kind of augmented reality than what is portrayed in the trendy game Pokémon Go. This will allow developers to create more sophisticated AR effects such as animated frames, masks, and more.

    Dispute emerges over release of ex-NFL star Hernandez's brain

    Hernandez is survived by numerous relatives, including his fiancee, Shayanna Jenkins-Hernandez, and his 4-year-old daughter. He had attempted to block the door from the inside by jamming it with various items, prison officials said.
  • Oil prices mixed in choppy trade, rising USA  production weighs

    Oil prices mixed in choppy trade, rising USA production weighs

    Stockpiles expanded to 535.5 million barrels at the end of March, the highest in weekly data compiled by Bloomberg since 1982. U.S. drilling is now set to increase by 123,000 barrels a day in May, according to the U.S.

    Widespread student protests spark tension in Kashmir Valley

    Chaos prevailed outside the college and more than 40 students, including girls, reportedly sustained injuries in the clashes. Colleges are places of learning and using force is attempt to strangle our right to protest.

    Court Rulings Block 2 Scheduled Executions Today In Arkansas

    Thursday, when the next execution is scheduled. "McKesson was duped ... into providing the drugs", lawyer John Tull argued. That would be the most in the United States in as short a period since the death penalty's reinstatement in 1976.

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.