Fri, Jul 28, 2017 | updated 09:05 PM IST

Nawaz Sharif's family has owned Park Lane flats in London since 1990s, says media report

Updated: Jan 14, 2017 11:50 IST      
Nawaz Sharif's family has owned Park Lane flats in London since 1990s, says media report

Islamabad [Pakistan], Jan.14 (ANI): The ongoing investigations into the Panamagate scandal has taken a new twist with media reports in the United Kingdom claiming that four apartments in London's upscale Park Lane neighbourhood have been owned by the family of Pakistan Prime Minister Nawaz Sharif since the 1990s.

The four apartments in the Park Lane neighbourhood had been purchased in the name of Nielsen Enterprise Ltd and Nescoll Ltd - the two offshore companies named in the Panama Papers. According to one report, the official records of companies doing business in the United Kingdom reveal that when Hassan Nawaz, the son of Premier Sharif, set up a company, Flagship Investment Ltd in 2001, he had provided the address of one of the Park Lane apartments address at the time of registration.

In May 2015, the Panama Papers, an unprecedented leak of 11.5m files from the database of the world's fourth biggest offshore law firm, Mossack Fonseca, revealed that three scions of the Sharif family are among thousands of powerful people of the world who had secreted their monies in offshore tax havens.

The revelations stirred up a political firestorm in the country, with opposition parties, especially Imran Khan's Pakistan Tehreek-e-Insaf, accusing the ruling Sharif family of corruption and money laundering and calling for their accountability.

According to the Express Tribune, in subsequent interviews, Premier Sharif's son Hussain Nawaz admitted the family's ownership of Nielsen and Nescoll, the two offshore companies named in the Panama Papers.

"The Park Lane apartments in London are owned by Nielsen and Nescoll, and I am the beneficial owner of these companies, which are working under a trust held by my sister Maryam Nawaz Sharif," he was quoted, as saying at the time.

A five-judge larger bench of the Supreme Court is hearing a slew of petitions filed by opposition politicians seeking disqualification of Premier Sharif in light of the Panama Papers revelations.

In his reply in the top court, Hussain said he was the sole owner of the properties abroad.

"Entities [properties] are being managed under a trust arrangement for the sole benefit of Hussain Nawaz, with Maryam Nawaz being the trustee thereof. Other than the role of a trustee for and on behalf of Hussain Nawaz, Hassan Nawaz has no concern, relationship, ownership or control of the entities and/or the properties," he said.

He further submitted that the source of funds resulting in vesting of beneficial ownership of the entities and, consequently, the properties of Hussain Nawaz, in January 2006, was the investment made by the late Mian Muhammad Sharif, father of Premier Sharif, in 1980, from the sale proceeds of his steel business in Dubai.

No part of the funds resulting in vesting of beneficial ownership of the entities in favour of Hussain were generated or transferred/transmitted from Pakistan, states the reply adding that before January 2006, none of the entities or properties was owned by any of the Sharif family members.

Premier Sharif's second son Hassan Nawaz, in his reply, stated that he was not and had never been owner of any of the properties or entities. He further stated that none of the members of the Sharif family had purchased the properties between 1993 and 1996. (ANI)

Germany: Knife attack in Hamburg supermarket kills one

Updated: Jul 28, 2017 20:35 IST     

Hamburg [Germany], July 28 (ANI): One person was killed and several other injured after an attacker stabbed people in a supermarket in Hamburg on Friday, the city police said.

Full Story >>

Pak social media buffs mum over authorities' autocracy

Updated: Jul 28, 2017 20:18 IST     

New York [U.S.A], July 28 (ANI): Pakistani social media buffs, who are often known for storming out on Facebook and Twitter over critical issues, have become quiet on authorities' autocracy fearing arrest.

Full Story >>

Jerusalem [Israel], July 28 (ANI): A knife wielding Palestinian man was shot dead on Friday after he tried to attack soldiers at the Gush Etzion Junction in the West Bank, the Israel Army said.

Full Story >>

Nawaz Sharif's younger brother Shehbaz announced next Pak PM

Updated: Jul 28, 2017 19:07 IST     

Islamabad [Pakistan], July 28 (ANI): The Pakistan Muslim League - Nawaz (PML-N) has announced Punjab Chief Minister and Nawaz Sharif's younger brother Shehbaz Sharif as the next Prime Minister of Pakistan.

Full Story >>

Verdict that changed fate of Respondent No. 1- Nawaz Sharif

Updated: Jul 28, 2017 19:07 IST     

Islamabad [Pakistan] July 28 (ANI): The Supreme Court of Pakistan on Friday passed its verdict in Panamagate case that changed the fate of country's Prime Minister Nawaz Sharif.

Full Story >>

Nepal celebrates Naag Panchami, Raksha Bandhan today

Updated: Jul 28, 2017 18:18 IST     

Kathmandu [Nepal, July 28 (ANI): Nepal on Friday marked the celebrations of "Naag Panchami", the day to worship the serpent deity, as well as Raksha Bandhan.

Full Story >>

Islamabad [Pakistan], July 28 (ANI): Pakistan Prime Minister Nawaz Sharif has been disqualified by the Supreme Court after it found that the former failed to disclose his 'unwithdrawn' salary as chairman of a United Arab Emirates (UAE) based firm at the time of filing his nomination.

Full Story >>

Islamabad [Pakistan], July 28 (ANI): In the wake of the Pakistan Supreme Court disqualifying Nawaz Sharif from the post of the Prime Minister, Maryam Sharif said that her father would return with greater force and support.

Full Story >>

New Delhi [India] July 28 (ANI): Defence expert Qamar Agha on Friday said that 'disqualified' Pakistan Prime Minster Nawaz Sharif has paid the price of being democratic in a military-dominated country.

Full Story >>

Spain: 40 injured in train accident in Barcelona

Updated: Jul 28, 2017 15:48 IST     

Barcelona [Spain], July 28 (ANI): At least 40 people were injured in a train accident at a station in Barcelona, Spain, emergency services said Friday.

Full Story >>

New Delhi [India], July 28 (ANI): United States (U.S.) Acting Assistant Secretary of State for South and Central Asian Affairs Alice Wells will travel to India and Pakistan later this month to meet with government officials and business executives for discussing U.S. relations with the South Asia.

Full Story >>

Islamabad [Pakistan] July 28 (ANI): Pakistan's Defence Minister Khawaja Asif is a frontrunner for the post of interim prime minister of the country in place of Nawaz Sharif.

Full Story >>

China: NSA Ajit Doval meets President Jinping in Beijing

Updated: Jul 28, 2017 15:02 IST     

New Delhi [India], July 28 (ANI): National Security Adviser Ajit Doval met Chinese President Xi Jingping, along with other Brazil, Russia, India, China, South Africa (BRICS) representatives in Beijing on Friday.

Full Story >>

Nawaz's days not over: PML-N after Pak SC disqualifies PM

Updated: Jul 28, 2017 14:29 IST     

Islamabad [Pakistan], July 28 (ANI): In the wake of Pakistani Supreme Court's decision to disqualify Nawaz Sharif as the country's Prime Minister on Friday, ruling party Pakistan Muslim League (Nawaz) (PML-N) members expressed disappointment but also asserted that Sharif's days are not over.

Full Story >>

Panamagate Case: Sharif steps down as Pak PM after SC verdict

Updated: Jul 28, 2017 14:28 IST     

Islamabad [Pakistan], July 28 (ANI): Pakistan Prime Minister Nawaz Sharif stepped down from his post on Friday, hours after the country's Supreme Court delivered a guilty verdict against him and Finance Minister Ishaq Dar in connection with the Panama Papers Leaks case.

Full Story >>

Security forces in Jerusalem temples removed

Updated: Jul 28, 2017 14:19 IST     

Jerusalem [Israel], July 28 (ANI): Israel has decided to remove metal detectors from entrances to the compound that houses al-Aqsa mosque in Jerusalem.

Full Story >>

PML-N says days not over for Nawaz Sharif

Updated: Jul 28, 2017 14:18 IST     

Islamabad [Pakistan], July 28 (ANI): Pakistan's ruling Pakistan Muslim League-Nawaz (PML-N) on Friday put up a brave front by emphatically stating that disqualified Prime Minister Nawaz Sharif's political career was far from over and predicted that he would bounce back from the adverse verdict delivered by the Supreme Court with regard to the Panama Papers Leaks case.

Full Story >>

Livid Trump fumes as Obamacare repeal fails

Updated: Jul 28, 2017 13:53 IST     

New York [U.S.], July. 28 (ANI): With the Obamacare repeal bill failing in a dramatic late-night vote, U.S. President Donald Trump lashed out that the three Republicans who voted against the GOP "skinny repeal" bill.

Full Story >>

Islamabad [Pakistan], July 28 (ANI): A five-member Supreme Court bench on Friday delivered one of its most historic verdicts by declaring Prime Minister Nawaz Sharif guilty of maintaining offshore assets beyond his known sources of income and disqualified him and Finance Minister Ishaq Dar from holding office. The verdict will have a huge and significant impact on the the political future of the country.

Full Story >>

Islamabad {Pakistan], July 28 (ANI): Opposition party politicians on Friday expressed their elation over the Supreme Court's decision to disqualify Prime Minister Nawaz Sharif and Finance Minister Ishaq Dar for the role in the Panama Papers Leaks case, and took complete credit for the landmark judgement announced on Friday.

Full Story >>