A massive leak of millions of documents has exposed secret offshore dealings of celebrities and world leaders. On Saturday a report on World Bank’s website claimed that Prime Minister Nawaz Sharif was the owner of two secret offshore companies. It disclosed that Hussain Nawaz, the son of prime minister Nawaz Sharif, transferred 1.9 million dollars to his father.
‘Stolen Asset Recovery’, the joint initiative of World Bank and the United Nations (UN), has revealed that Prime Minister Nawaz Sharif was the owner of two offshore companies. As many as 12 companies were listed on this website.
United Nations’s Office on Drugs and Crime was running the Stolen Asset Recovery project.
According to the website, Prime Minister Nawaz Sharif has been shown as owner of two companies named Shamrock and Chendron Jersy. There were some accounts associated with 12 offshore companies.
According to research by the group, it was revealed that transaction of about Rs 2 billion were made in the name of Sharif family. Out of which, about 0.313 million pounds were transacted one time and about 1.t million pounds were transferred to Hassan Nawaz, son of Prime Minister Nawaz Sharif, by Komber Group, and this amount was given to the Komber Group through Brochure Bank.
According to a private TV channel, Hussain Nawaz has transacted about 1.914 million US dollars in the account of his father Nawaz Sharif. Besides this, some 40,000 Euro have also been transferred. The offshore company was run by Hussain Nawaz in 2014 and he transferred some 1.922 million US dollars to his father Nawaz Sharif.