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Panamagate verdict: Supreme Court orders JIT probe of Sharif family

April 20, 2017 at 2:57 pm | News Desk

(FILES) In this photograph taken on March 23, 2016, Pakistan's Prime Minister Nawaz Sharif looks on as he waits for the arrival of President Mamnoon Hussain at the venue of the Pakistan Day military parade in Islamabad.
The family of Pakistani Prime Minister Nawaz Sharif was defiant April 4, defending their ownership of offshore companies after they were named in the Panama Papers, one of the biggest leaks in history. The leak, comprising 11.5 million documents from Panama-based law firm Mossack Fonseca, shows how some of the world's most powerful people have secreted away their money in offshore jurisdictions.  / AFP / AAMIR QURESHI

Neither a clean chit nor a conviction: the drawn out Supreme Court (SC) case probing the Sharif family’s alleged corruption ended today as the court ordered the formation of a Joint Investigation Team (JIT) to probe how money was transferred to Qatar. The prime minister and his party breathed a sigh of relief, as the fear of an ‘extreme verdict’ — the premier’s ouster — dissolved and gave way to celebrations.

A five-judge bench, comprising Justice Asif Saeed Khosa, Justice Gulzar Ahmed, Justice Ejaz Afzal Khan, Justice Azmat Saeed and Justice Ijazul Ahsan, had examined arguments presented by the PTI, the Jamaat-i-Islami (JI), the Watan Party and the All Pakistan Muslim League, who framed the case out of court as a campaign against corruption.

Prime Minister Nawaz Sharif, Maryam Nawaz, Hasan Nawaz, Hussain Nawaz, retired Capt Muhammad Safdar (the PM’s son-in-law) and Finance Minister Ishaq Dar were the respondents in the case.

The petitioners had touted the revelations brought forth in the Panama Papers, published by the International Consortium of Journalists on April 3, 2016, as ‘evidence’ that the premier had lied to the nation in an address to Parliament where he ‘explained’ his position following the leaks.

Justice Asif Saeed Khosa began announcing the final verdict in the case against Prime Minister Nawaz Sharif and his family at Courtroom 1 today at the apex court to an audience of over 400 people, according to TV reports. Justice Ejaz Afzal authored the 540-page verdict.

The final verdict is split 3-2 among the bench, DawnNews reported, with two dissenting notes in the judgement by Justice Khosa and Justice Gulzar. The two judges ruled against PM Nawaz Sharif, whereas the other three were in favour of forming a JIT.

Justice Khosa asserted that the Federal Investigation Agency (FIA) and National Accountability Bureau (NAB) had been unsuccessful in playing their role effectively.

The JIT is to include officials NAB, FIA, State Bank of Pakistan, Inter-Services Intelligence, Military Intelligence, the bench said, and will be led by a director-general level FIA officer.

The names of members of the JIT must be announced within seven days, and a probe report must be released within 60 days. The JIT must report its progress to the court on a weekly basis.

A special bench will examine the case under Section 184/3 of the Constitution.

A letter from a Qatari royal submitted to court as evidence by Sharif’s lawyers was dismissed by the bench, which said that the transfer of money to Qatar must be examined by the court.

‘Ready for investigation’

Defence Minister Khawaja Asif told reporters outside the apex court that the verdict was split 3-2. “They have said what the PM already said in his letter ? that a commission should be constituted to investigate the matter,” he said.

“We are ready for all kinds of investigation,” Asif said. “It has been established today that any evidence or sacrifices given by our opponents in the SC were not enough. We have succeeded.”

Railways Minister Saad Rafique asserted that the PML-N would “fully cooperate with the JIT and the court’s decision will be respected.”

The Pakistan Tehreek-i-Insaf (PTI) should also respect the court’s decision, Rafique said, among slogans of “Go Imran, go.”

Minister for Planning and Development Ahsan Iqbal termed it a “historic victory” for the PML-N. “The minority judgement shows that the PTI represents a minority in Pakistan.”

Panama leaks

The Panama Papers, which refer to a massive trove of secret documents leaked from Panamanian law firm Mossack Fonseca — which specialised in helping the global elite stash wealth in offshore tax havens — had said that the PM’s children, Maryam, Hasan and Hussain Nawaz “were owners or had the right to authorise transactions for several [offshore] companies”.

 

At least eight offshore companies were found to have links to the Sharif family in the documents that were leaked.

The fallout

The revelations had raised serious concerns regarding the legitimacy of the family’s wealth, offshore holdings and business interests, and catalysed opposition parties to rally for the investigation or resignation of the prime minister and his family members.

Maryam Nawaz had initially dismissed the documents as a distortion of information, but the prime minister had to eventually relent and order a judicial probe into the allegations raised by opposition parties.

In a televised address, the premier also attempted to document his family’s financial history and said he was open to a probe.

 

News Desk

Economic Affairs Editor

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