Tag: 700 Pakistanis

  • ‘No action against cabinet members named in Pandora Papers till found guilty’: Fawad Chaudhry

    ‘No action against cabinet members named in Pandora Papers till found guilty’: Fawad Chaudhry

    Information Minister Fawad Chaudhry on Tuesday said the federal cabinet members, whose names appeared in the Pandora Papers, would not be removed from their positions unless proven guilty.

    “Action will be taken once they are proven guilty,” said the minister.

    Chaudhry criticised the owners of media houses and said, “I see the photos of [Finance Minister] Shaukat Tarin and [Industries Minister] Khusro Bakhtiar being aired on TV channels, but not of media house owners, who have also been named as owners of offshore companies.”

    Prime Minis­ter (PM) Imran Khan on Monday formed a high-powered cell to investigate the 700 Pakistanis named in the Pandora Papers, including federal cabinet members, politicians, retired generals, owners of media houses, and others in establishing offshore companies.

    The cell will categorise the named individuals into four groups: those who have declared their offshore companies in Pakistan; those who have not declared their companies here and committed tax evasion; those who used their companies for money laundering and individuals who have not shown their offshore companies as part of the assets owned by them while declaring their wealth, reports Dawn.

  • High-powered cell to investigate 700 Pakistanis in Pandora Papers: PM Khan

    High-powered cell to investigate 700 Pakistanis in Pandora Papers: PM Khan

    Prime Minis­ter (PM) Imran Khan on Monday formed a high-powered cell to investigate the 700 Pakistanis named in the Pandora Papers, including federal cabinet members, politicians, retired generals, owners of media houses, and others in establishing offshore companies.

    PM Khan categorically stated that the prominent leaders and federal ministers of Pakistan Tehreek-e-Insaf (PTI) will have to clear themselves.

    Information Minister Fawad Chaudhry, while speaking to Dawn said: “The prime minister was adamant that those who have been accused in Pandora Papers of having offshore firms will have to clear themselves.”

    The minister took to Twitter and informed about the formulation of the high-powered investigation cell. “The prime minister has set up a high-level cell under the Prime Minister’s Inspection Commission to investigate the Pandora leaks, which will present the facts before the nation,” tweeted Fawad.

    Law Minister Farogh Naseem would head the investigation cell that would also comprise the National Accountability Bureau (NAB), Federal Board of Revenue (FBR), and Federal Investigation Agency (FIA) officials. The cases of the cabinet members would be sent to NAB for investigation. A separate probe will be launched by the Ministry of Information and Broadcasting and the Pakistan Electronic Media Regulatory Authority (Pemra) to investigate the media owners whose names are included in the Pandora Papers, reports Dawn.

    Those who had evaded tax or made offshore firms through ill-gotten money would be taken to task, otherwise, no action would be taken against others because establishing offshore firms was not a crime, the source tells Dawn.

    Under the law, setting up an offshore company is not an offence or crime if the company is not involved in any illegal activity. However, those who have not declared these companies in their returns as assets may face legal action.

    After the International Consortium of Investigative Journalists (ICIJ) released a detailed list of public figures with offshore companies called the ‘Pandora Papers’ as part of their new investigation, PM Khan vowed to investigate all those Pakistanis mentioned in the Pandora Papers, and tweeted: “If any wrongdoing is established we will take appropriate action.”