ISLAMABAD: Prime Minister Nawaz Sharif will address the Nation at 8pm in connection with the Panama Leaks.
Sources said that the prime minister will clear his family position about the offshore companies and Panama papers.
According to documents available on the International Consortium of Investigative Journalists (ICIJ) website, the PM’s children Mariam, Hasan and Hussain “were owners or had the right to authorise transactions for several companies”
Mariam is described as “the owner of British Virgin Islands-based firms Nielsen Enterprises Limited and Nescoll Limited, incorporated in 1994 and 1993”.
According to ICIJ, “Hussain and Mariam signed a document dated June 2007 that was part of a series of transactions in which Deutsche Bank Geneva lent up to $13.8 million to Nescoll, Nielsen and another company, with their London properties as collateral.”
Hasan Nawaz Sharif is described as “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”.
