Apr 19, 2016

Pakistan Prime Minister Nawaz Shareef & His family are involved in massive corruption says in a report published in Panama Leaks.

Panama-based law firm Mossack Fonseca disclosed that how some of the world’s most powerful people have taken their money offshore instead to invest and keep in their own country.

Holding money in offshore companies may be the reason to evade taxes or concealing it from others – may be the ill gotten money - or money attained with illegitimate route such as kickbacks & commissions - or doing corruption in country’s current account - or money laundering - sanctions busting - drug deals - or other crimes & transfer money from illegal routes and hiding wealth from their own govt. institutions like Federal Board of Revenue & Income Tax Return department?

These are the compulsory questions which need a forensic audit to understand the source of money and route of transfer to offshore companies & UK from Pakistan.

If we see the age of Premier Nawaz Shareef’s Sons & Daughter they were not so matured, talented & tactful in business acumen when they left the country in 90s. Properties in UK and Business in offshore companies need an experienced hand to pamper in series of properties owned by them & investment in Panama Island as the story public in panama leaks.

In practicality a person who is well versed & familiar with the pros and cons of business & has ability to respond [market escalations] prudently and sagaciously - unless and until expert businessman like the support of his father (NS) who according to him they are in business since 1936 may give substantial & sustainable supportive hand to establish such a giant business in offshore companies & UK - so financial support and physical assistance from NS unequivocally had been extended & incubated that’s cannot be ruled out – so if NS himself remained involved in the business then issue of ‘’conflict of interest’’ takes place.

Panama leaks - an explosion that has jolted and made everyone aghast & dismayed particularly people of Pakistan that NAWAZ SHAREEF Prime Minister of a developing country how he is so enriched (wealthy & richer) having ''trillion dollars of assets and business out of Pakistan and in Pakistan’’ while majority Pakistani are living below poverty line - living in very miserable and dreadful conditions Why NAWAZ SHAREEF & HIS FAMILY is so fortunate and we are unfortunate? replied the pissed off people during public interview taken by some TV channels.

Panama leaks busted the name and detail of Prime Minister & Parliamentarian [holding public offices] indulging in massive corruption & investment in offshore companies in Panama & Virgin Islands’ living across the globe.

Among them were Saudi King Salman bin Abdulaziz - Emirati President Sheikh Khalifa bin Zayed al Nahayan - Ukraine President Petro Poroshenko and Iceland PM Sigmundur David Gunnlaugss.

Though the govt. in Paris - New Delhi – Washington - Moscow & UK have started probe to screen and scrutinize the allegations made to establish front companies started by a Panama-based firm on behalf of several prominent global personalities and leaders.

But in Pakistan still the govt. has not decided either to form judicial commission or parliamentary commission. While Govt. insistence to constitute inquiry commission to be headed by retired judges in pursuance of PM NAWAZ SHAREEF the first proposal he offered in his national address on TV after eruption of panama leaks.

In contrary, Pakistan Tehrik-e-Insaf (PTI) chairman Imran Khan (IK) is very rigid to form the judicial commission under the head of sitting Supreme court Chief Justice with the expertise of well renowned International Audit firms [a team of chartered accountant, banking professionals, audit & compliance experts] to sense and smell such transactions that how money from Pakistan went in UK & Panama to premier (NS) personal business - which NS denies that investment made in UK & Panama is nothing to do with him (NS). It’s a white collar crimes so should be handled by white collar people, said IK

Several world leaders including Prime Minister Nawaz Sharif and his family - Iceland’s prime minister - Argentina’s president - Ukraine’s premier- Friends of Russian President Vladmir Putin - Father of British Prime Minister David Cameron Family of Chinese President Xi Jinping. And Celebrities, including footballer Lionel Messi - Indian actors Amitabh Bachchan and Aishwariya Rai and Chinese actor Jackie Chan have entries in Panama whistle-blower.

Panamanian law firm showing spotlight on the offshore wealth of politicians - the top ranking officials holding public office are the main targets facing acrimonious, infuriated and angered debate by their countrymen and answerable before their Opposition leaders in the assemblies.

The First casualty of Panama leak is the Iceland's Prime Minister Sigmundur David Gunnlaugsson who has resigned the premiership being exposed for the wrongdoings. The wife of Iceland Prime Minister owned an offshore company with big claims on Iceland's banks - an undeclared conflict of interest for Gunnlaugsson – angered the people of Iceland who hurled eggs and bananas in street protests calling for Iceland Prime Minister to step down.

The second victim of Panama leaks is the Ukrainian Prime Minister Arseny Yatseniuk who tendered his resignation in a televised broadcast.

The third target of Panama leaks is UK Prime Minister David Cameron who remained confined in a heat & inflamed debate continuing since the date of Panama outburst from the Opposition leader in the parliament though David Cameron persistently trying to pacify and appease the growing situation emerged after his father name so possibility of ‘’conflict of interest’’ has been shaded.
For Pakistan the Panama law firm Mossack Fonseca revealed the secret money stashed away in offshore countries where Nawaz Shareef children have been named as owners of London Real estate through offshore companies.
Hussain Nawaz in a meeting with media showcased ‘’ those apartments are ours and those offshore companies are also ours – there is nothing wrong with it and I have never concealed them nor do I need to do that’’.  

And in accordance with British law and laws of other countries that are a legal way to avoid unnecessary tax via offshore companies – having left Pakistan in 1992 and not a resident - Pakistani law says if you are not staying for more than 138 days then you are not required to declare your assets, he clarified.  

Parvez Rashid a diehard hard of Pakistan Muslim League Nawaz group (PML-N) defending Nawaz Shareef said that Shareef family were forced out of Pakistan in 90s and not permitted to return that’s compelled them to establish their own business abroad. 
Similarly Sons of Nawaz Shareef have been living abroad for a long time and they were not allowed come Pakistan that’s why they started their business in UK and here no one talks about the mistreatment meted out to Shareef family during the past regime in the country, Pervez Rashid lamented.
There is consistent debate from PML-N to save their leader Nawaz Shareef (NS) and alleging Pakistan Tehrik-e-Insaf (PTI) leader Imran Khan dragging him in different stories instead to help NS to get him out of Panama whistle-blower they are concealing the premier errors, said IK.
Looking PM NAWAZ SHAREEF (NS) family name and their share in panama paper the premier came on TV and delivered excited speech to get sympathy of the people raising finger indirectly towards PTI chairman IK that how he (IK) has been obstructing the progression works in Pakistan while he (NS) wanted to take the country at the zenith of progression and prosperity, PM uttered in his speech.
PM NS during televised speech apprised that his father & his family were/ are in business since 1936 & how he strove to build & groom the business and later joined politics - It was an excited speech rather than a logical one. 

The prime minster announced a judicial commission to investigate the leaks manifested in panama papers - currently he is in UK for medical check-up.
The National Accountability Bureau (NAB) should also play its pivotal and vital role to do a thorough investigation the corruption mentioned in panama papers. NAB should take more appropriate action to form an independent body of international repute to investigate the matter in the light of Panama Papers.
Hence the credibility of the PM Nawaz Shareef has been compromised and according to the constitution framed at Article # 62 & 63 where morale & integrity of the premier been suspicious therefore he should have been resigned, asked PTI Chairman IK.
Similarly the case of late Premier Benazir Bhutto Pakistan People Party (PPP) also to be dealt accordingly and it should be public that who is holding such investment in offshore companies which Benazir had before her assassination. Case of Rehman Malik (PPP) too has entry in Panama leaks he should also to bring for interrogation.
There are two hundred people in Pakistan who has been unmasked in panama explosion so the NAB should do a postmortem - forensic inquiry for everyone to benefit the country if the money had been taken from Pakistan with illegal means - needs to have it back to the national kitty.
Its good time to break the menace of heightening corruption in Pakistan & expose not only politicians but the Business tycoon & Media owners, Bureaucrats & Real estate Executives - do a thorough investigation & confiscate their properties if they don’t bring back the money that’s they transferred just to avoid of tax, give them an exemplary punishment to discourage corruption menace.   
On revealing the name of Premier NAWAZ SHAREEF family - uproar erupted not only among Opposition parties but general public too demanding resignation from NAWAZ SHAREEF (NS) being involved of his son in offshore companies’ investment- that how money transferred there and again what were the source and routes adopted to send money?

PM Nawaz Shareef had not enumerated but concealed deliberately his Business and Chain of Properties holding in Panama Offshore & UK. He avoided mentioning to Election Commission of Pakistan while submitting his nomination paper contesting election in 2013, PTI chairman asked.  

It is an open breach who hid & misinformed, his premiership as such goes null and void where Election commission of Pakistan has liberty to verify from NS.

Opposition parties PTI, MQM, PPP, PML (Q), JUI (F), JI, JWP however are of the view to conduct inquiry under retired judges but PTI chairman Imran Khan insistence to constitute a commission under sitting judge of Supreme court of Pakistan to arrange a ‘’forensic audit’’& hire companies of international repute who is capable and expertise in detecting & unearthing offshore crimes to confirm premier NS involvement in Panama papers.

Initially the Panama leak does not say directly the involvement of NS but has evidenced the names of his children i.e. Hussain Nawaz, Hassan Nawaz & Maryam Nawaz who are the owner of 34 offshore companies enjoying with the chain of well groomed business & multiple properties in UK, USA, Panama, Middle East & Africa & Pakistan, media reported. 

Besides, there is severe criticism among general public about Nawaz Shareef (NS) & Shahbaz Shareef (SS) identified as a route cause of dismemberment & permanent dis-figuration and mutilation of Pakistan economy.

NS & SS whenever they assumed govt. offices or came in power to rule the country due to their deceptive attitude, sneaky and underhand methods they damaged the ''national economy'' instead to diversify towards progression and prosperity, broadening the economic activity to making profit and full employment - the economic activity in the country decelerated, a strong perception among public.

Economic-resource-mobility before them is nothing but to get loan from external & internal lending agencies and getting replenished the foreign exchange reserve with loaned amount - not with good economic policy and reforms - technology oriented techniques & mechanism - but just inclined to go for loan & to pay off previous debt for maintaining balance of payment - loan to fill the widening gap of budget deficit not reducing govt. rising expenditure & aptitude to maintain narcissism & egomania, an obvious life style of NS & SS.

The madness to get loan - opens more room for them to do money laundering, plundering and pillage and do fraud in country’s current account. People are of the view that whenever these two brothers (NS+SS) came in govt. instead to uplift & repair the feeble economy - the economy precipitated into complete ruin. The country goes more clumsy and crippled when the debt burden rises, now the debt burden tuning at Rs 22000 Billions whereas internal loan taken from Banks and other financial institution have extra burden on the economy.

Instead to think for betterment of 200 million people of Pakistan to change their living condition & livelihood they are prone to augment their own business empire - using govt. funded infrastructure to flourish and thrive. The nation gets more bailout package to run the economy instead to do good economic management to bolster and strengthened with viable economic policies, said an economist.

NS basically a business man - an industrialist who works & prefers for his interest. Keeping poor governance & indulging in massive corruption a normal practice if we unfurl his association in Pakistan politics.

PAT chairman Dr Tahir-ul-Qadri said, ‘’NS should be sent to jail and interrogated.” He said action would have been taken against them - had the parliament; FIA, FBR and NAB were independent and free.

Dr. Qadri revealed that on March 21, Hassan Nawaz purchased a property in One Hyde Park, London, worth 42.5 million pounds and the papers were signed on March 30. He said the process of loot and plunder has been continuing for the last 35 years.

If the relevant institutions wanted to arrest the corrupt they could have done it any time as abundant proofs are available but seems that due to pressure they avoid. 
The only dogma before NS to plunder national exchequer- misappropriating country’s current account - usurping people due rights - using country’s resources for personal needs - awarding jobs to family and friends on top ranking position in public sectors - declaring govt. owned industries a sick unit & enveloping it with heavy liabilities.
Enabling him (NS) to portray such industries a burden on national economy instead to uplift, revive and revitalizing through administrative and technical expertise to avoid of its disposal at peanut price.
Keeping commission and kickbacks and that’s the reason people say that if NS can run his more than 200 multiple industries in Pakistan why not Pakistan Steel and PIA can be uplifted?, asked the audience at open public forum. 
If we see the status of education and health portfolio - these are in very critical condition. People die because there is no hospital – even not a single hospital in Pakistan at govt. level that’s may have all necessary equipment & laboratories, medicine and doctors to treat a patient instead to leave them die.
NS in Pakistan political history remained [in office] for 30 years and it is his 4th time premiership - assumed office in 2013 - besides 3 times he had been holding the position as Chief Minister of Punjab but he could not work to reduce poverty and giving good education and good hospital to the countrymen though its bitter but reality.

Living in a country where according to Economic Survey approx 70% people fall below the poverty line - if the poverty line is taken in-line with International Standards i.e. $2/- per day - In 2001 poverty line had been determined @ 61% now after 15 years we can say with certainty that it is running around 70-75% because more frustration & depravity and unmanageable social crimes having upward trends. 

The world richest PM NS of developing country Pakistan where as many as 60 million people in the country are living in multidimensional poverty with 46 per cent of rural population and 18 per cent of urban households falling below the poverty line, says a survey report published in Tribune 2014. 

The report titled ‘Clustered Deprivation’ is prepared by the Sustainable Development Policy Institute (SDPI) with the financial and technical assistance of United Nation Development Program (UNDP). The SDPI measures poverty on the basis of five dimensions – Education, Health - Water supply and Sanitation, Household assets/Amenities and Satisfaction to service delivery. 

Further, a person taking less than 2,350 calories per day and earning less than $1.25 per day according to the United Nations standard has also been regarded as living below the poverty threshold.

People in Pakistan though pay taxes but their hard money are not utilized on their welfare but goes to inflate NS business where poor going poorer and NS from rich to richer, a debate among analysts in TV Talk shows. 

Again for Panama leaks……….Constituting judicial commission to do a thorough investigation through forensic audit to unearth and disclose the hidden facts and figure for PM NS connections & his family role in Panama papers. 

The Pakistani National wants to get rid of criminals, scoundrels and parasites & more importantly is the ‘’corrupt political leadership’’ in the country who have tarnished the image and dignity of its people - who could not progress and prosper because of uttered dishonesty, disloyalty and insincerity. 

The down trodden masses appeal the judiciary to cleanse the country from cronies and coteries of  ''corrupt leadership'' who are involved in unbridled corruption. 

Please give us a ‘’welfare state’’ where we can live with peace and conviction that this is our homeland that our leader Quaid-e-Azam Mohammad Ali Jinnah  had attained for us, said a octogenarian in a public meeting with media. 

In order to do investigation there are world renowned professional in World Economic Forum (WEF) & Global Agenda Council (GAC) on Transparency & Anti-Corruption organization deals the hidden corruption through offshore accounts. It also has the expertise to detect whether or not the funds passing through offshore accounts had been taxed at their origin.
We Pakistani believe in transparent & fair judicial inquiry and if the premier Nawaz Shareef who is holding public office & allegations leveled against his family as unveiled from panama papers - if proved he should be given two options
a)     Either bring the money back to national kitty or
b)    Impose ban for the whole life for not to contest general election - so that a clear message may go other ‘’political pundit’’ for not to misuse of public funds henceforth.