Panama Papers in SC: PM lawyer snubbed

Panama Papers in SC: PM lawyer snubbed

ISLAMABAD: Supreme Court of Pakistan resumed the Panama Papers case hearing on January 19.

Prime Minister Nawaz Sharif’s counsel on Thursday told the Supreme Court that the government of Pakistan owns two offshore companies.

“Two Pakistani state hotels, Roosevelt in USA and Scribe in France, are owned by offshore companies,” Makhdom Ali Khan said while giving his arguments before a five-judge larger bench of the apex court headed by Justice Asif Saeed Khosa.

“Establishing offshore companies is not illegal,” the premier’s counsel maintained.

To this, Justice Khosa asked if the premier’s counsel was trying to justify his client’s offshore businesses by citing references of two state hotels.

“Owning an offshore company is not an issue but the issue is of concealment of wealth and tax evasion,” the apex court judge clarified.