Panamanian law firm have exposed the most powerful leaders of world and revealed their offshore holdings to the general public. The name of our Prime Minister Mian Mohammad Nawaz Sharif is also in the list with Russian President Vladimir Putin, Ice Land’s Prime Minister and the King of Saudi Arabia.
The data from the Panama papers can be seen on the website of the International Consortium of Investigative Journalists (ICIJ). Not surprisingly, children of PM Nawaz were owners of several companies. Mariam Nawaz Sharif was owner of British Virgin Islands-based firms Nielsen Enterprises Limited and Nescoll Limited, merged in 1993 and 1994. Mariam was the beneficial owner when she was only twenty years old.
According to the ICIJ, Hasan Nawaz Sharif is “the sole director of Hangon Property Holdings Limited incorporated in the British Virgin Islands in February 2007, which acquired Liberia-based firm Cascon Holdings Establishment Limited for about $11.2 million in August 2007”.
ICIJ website stated “Hussain and Mariam signed a document dated June 2007 that was part of a series of transactions in which Deutsche Bank Geneva lent up t $13.8 million to Nescoll, Nielsen and another company, with their London properties as collateral.” Read more : Link
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