Sharif leaves for Pak, promises probe into Panama Papers leak

Image
Press Trust of India London
Last Updated : Apr 19 2016 | 6:28 PM IST
Embattled Prime Minister Nawaz Sharif today left for Pakistan amid a raging scandal back home over his family's offshore wealth after the Panama Papers leak mentioned his children's name for having shell companies.
Sharif dashed to the UK last week for "medical treatment" amid reports he was under immense pressure to quit over the unfolding scandal, that mentioned the names of his two sons and a daughter as having shell companies through which they owned expensive residential properties in London.
The timing of his UK visit had prompted rumours that Sharif might not return to the country until investigations were completed and that his government may fall over the leak. Interestingly, UK Prime Minister David Cameron is also facing allegations of tax evasion following the leak of 11 million documents from a Panamanian firm.
Before leaving for Pakistan after a week-long stay in the UK, Sharif told media that he was in favour of setting up a formal investigation into the scandal.
Sharif, an affluent businessman with interests in the steel sector, said efforts were underway to appoint a judge and finalise his team to carry out the formal probe.
The 66-year-old prime minister accused his opponents of conspiring against his UK visit.
Sharif criticised Pakistan Tehreek-e-Insaf chief Imran Khan for creating hurdles for development work his government wants to undertake, after Khan threatened to hold sit-in outside Sharif's palatial residence near Lahore, if he failed to hold an independent probe into the Panama Papers leak.
"The majority of Pakistanis reject politics of protests and sit-ins and are in favour of continued development and peace," he said.
The cricketer-turned-politician has said that Sharif never thought to clear the air on the scandal around his wealth.
Sharif said he had undergone some medical tests in London and the results were satisfactory.
"With the prayers of my nation, my health has improved. I am feeling better and returning to Pakistan today.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Apr 19 2016 | 6:28 PM IST

Next Story