ISLAMABAD: Supreme Court of Pakistan in a landmark judgement has announced formation of a probe commission to investigate the PM family in the Panama papers case.
The probe committee has been formed and it’s members would be nominated by the respective heads of department. The investigation comittee would sort out record of FBR and other financial institutions to dig out the truth into the matter.
A member of Federal Board of Revenue (FBR), on condition of anonymity, disclosed that FBR had burnt all record, including that of Sharif family, in 2006 during Musharraf’s era by declaring it obsolete.
FBR had only maintained digital data of income details of the taxpayers and returns of wealth tax.
Sources feared that rest of the record pertaining to the Sharif family had been transferred to the office of FBR Chairman in Islamabad from FBR’s Lahore regional tax office.
So, it would be extreme difficult to prove Sharif family guilty of concealing assets or money laundering.
Similarly, sources linked to Securities & Exchange Commission of Pakistan (SECP) narrate that Company Act 2017 has been under discussion in upper house of parliament for many months.
The proposed act is aimed at summoning record of Pakistanis residing abroad but it would be a hard task for authorities to drill record of relatively old companies.
In the meantime, industrial sources have disclosed presence of Hussain Nawaz in Pakistan where he has met owners of giant conglomerates.
During these sittings, Hussain has claimed presence of documental evidence of all assets whom details have been submitted in apex court. It would be almost impossible to declare prime minister guilty in presence of said documents.