Panama Papers case: JIT finds massive increase in Nawaz Sharif, family's wealth

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Foremost amongst his critics is Imran Khan, who leads the Pakistan Tehreek-e-Insaf (PTI).

Pakistan's Supreme Court set up a five-member Joint Investigation Team (JIT) in April to investigate allegations of financial corruption that surfaced following the release of the infamous Panama Papers.

However, the few are expecting the judges to dismiss the case after the JIT submitted a damaging report into Sharif's family wealth. The party leaders and spokespersons were also briefed about the stance on Panama case.

The six-member panel of the JIT, in the 9th Volume of its 256-page report, said the wealth of the fortunes of Sharif's father, late Mian Muhammad Sharif, had multiplied 4.3 times from Rs 7.53 million to Rs 32.15 million, but his source of income is not commensurate with the increase in his assets. Kashmir remains an unfinished task since 1947 and the Pakistan army still seeks revenge for the defeat it suffered in 1971.

It accuses his heir-apparent, daughter Maryam Sharif, of being the "beneficial owner" of offshore firms through which the London flats were acquired, and of forging documents to show she was a trustee for her brother, the real owner.

14 de julio de 2017, 11:09New Delhi, Jul 14 (Prensa Latina) Although he refuses to leave his post, Pakistani Prime Minister Nawaz Sharif is against the ropes today due to a corruption scandal that involves him and that it is used by the opposition to demand that he be replaced at the helm of the country. Defence Minister Khawaja Asif has said that government will challenge the JIT report in the court.

PM Sharif has contended that the "controversial" JIT had submitted a report "based on accusations and conjecture" that reflected "animosity and malice". Maryam provided were dated February 2006 and prepared with Calibri font, while the font itself was not commercially available to general public until January 2007. Bilawal in a statement said that "Go Nawaz Go" rallies in Multan, Bahawalpur and Dera Ghazi Khan planned by his party were just the beginning.

The premier also argued that some documents from foreign governments included in the JIT's report had no legal value and should not be considered as evidence. If three judges agree on the findings of the JIT, Nawaz Sharif could face disqualification from politics.

Sharif had even suggested that the army had an upper hand in the JIT report. So far it's not clear who would step up to take his position in the party, and PML-N officials haven't publicly indicated a clear successor. "Army has no role in the process". Nevertheless, Sharif will have a hard time convincing the public of an army-backed conspiracy, as he himself chose the current army and intelligence chiefs. But Nawaz was candid when he spoke to the media after appearing before the JIT- the first elected leader in Pakistan to do so - that his family had been in business and industry for three generations and what the JIT was probing allegations of graft against the family not the misuse of government funds. "Confronted with serious domestic and external challenges, the country can not afford worsening political uncertainty and instability".

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