Panamagate Case: FBR, NAB’s chairmen appeared before SC

ISLAMABAD: A five member larger bench of the Supreme Court headed by Justice Asif Saeed Khosa resumed hearing of Panama Papers case, Aaj News reported. 

The counsels of the prime minister, his children, PTI and Jamaat-e-Islami have completed their arguments.

As per the directions of the court, National Accountability Bureau (NAB) and Federal Bureau of Revenue (FBR) chiefs appeared before SC today. Justice Asif Saeed Khosa asked FBR about its role in offshore companies.

Chairman FBR Dr. Irshad told the court that the Board has issued notices to 343 owners of offshore companies, of which 52 people refused ownership, while 39 were not Pakistani citizens. He added that 92 individuals agreed to owning offshore companies while 12 individuals have passed away. He said that Hassan, Hussain and Maryam Nawaz have submitted their replies to the FBR. Maryam Nawaz in her reply has said that she owns no property abroad, he added. Meanwhile Hussain Nawaz replied that he had been living abroad since 2000.

The FBR chairman said that the FBR initiates action after tax returns are filed. Currently, Pakistan does not have any agreements over exchange of tax information with Panama, he added.

Chairman NAB filed all the record at the court yesterday. This included Hudabiya Paper Mills reference and Raiwind Estate Reference.

In last hearing of the case on Thursday, Salman Akram Raja, the Counsel of Hussain Nawaz and Hassan Nawaz submitted more documents purporting to show the services rendered by Minerva Services to the two companies, Nielsen Enterprises Ltd and Nescoll Ltd.

Documents that showed the ownership of the Park Lane flats in London were also submitted before the five-member bench.

Later, the SC summoned National Accountability Bureau and Federal Bureau of Revenue chiefs to the court on February 21 (Today). The bench has also instructed  them to present with complete records.