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Panamagate: Pakistan SC disqualifies PM Sharif

The Pakistan Supreme Court on Friday disqualified Prime Minister Nawaz Sharif after a probe team found his wealth far above…

Panamagate: Pakistan SC disqualifies PM Sharif

(Photo: AFP)

The Pakistan Supreme Court on Friday disqualified Prime Minister Nawaz Sharif after a probe team found his wealth far above his earnings in the Panama Papers case.

The scandal is about alleged money laundering by 67- year-old Sharif in 1990s, when he twice served as prime minister, to purchase assets in London. The assets surfaced when Panama Papers leak last year revealed that they were managed through offshore companies owned by Sharif's children.

The assets include four expensive flats in London.

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In May, the Supreme Court set up a six-member joint investigation team (JIT) to investigate the charges against Sharif and his family.

The JIT submitted its report to the court on July 10.

It said the lifestyle of Sharif and his children were beyond their known sources of income, and recommended filing of a new corruption case against them.

Sharif dismissed the report as a “bundle of baseless allegations” and refused to quit, despite demands to do so from several quarters, including opposition political parties.

On July 21, the court reserved its verdict after concluding the hearing.

 

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