ISLAMABAD - Former prime minister Shaukat Aziz name has emerged in the new Paradise leaks. He was found linked with Antarctic Trust.
Antarctic Trust has been set up by Aziz and its beneficiaries include Aziz’s wife, and their children and granddaughter.
Aziz had set up the trust in Delaware (USA) before becoming finance minister. Interestingly, the trust was neither declared during his stint as finance minister nor as prime minister.
Speaking through his attorney in New York, Shaukat Aziz said that he didn’t have to declare the trust in Pakistan as he was a settlor.
When asked if his wife or children declared the trust, he responded that they didn’t have to declare because they were beneficiaries, not the beneficial owners.
Aziz served as prime minister from August 28, 2004, to November 15, 2007 and was appointed as finance minister in 1999.
Aziz settled abroad after his tenure cam to an end in 2007.