The Supreme Court on Thursday gave a split judgement on the highly anticipated Panama Papers case, issuing an order for the formation of Joint Investigation Team to probe the Sharif family’s involvement in corruption as stated in the Panama leaks, according to media reports.
Justice Asif Saeed Khosa began announcing the final verdict in the case against Prime Minister Nawaz Sharif and his family at Courtroom 1 at the apex court.
The final verdict is split 3-2 among the bench, with two dissenting notes in the judgement by Justice Khosa and Justice Gulzar.
Justice Ejaz authored the 540-page verdict, according to TV reports.
A five-judge bench, comprising Justice Asif Saeed Khosa, Justice Gulzar Ahmed, Justice Ejaz Afzal Khan, Justice Azmat Saeed and Justice Ijazul Ahsan, had examined arguments presented by the Pakistan Tehreek-i-Insaf (PTI), the Jamaat-i-Islami (JI), the Watan Party and the All Pakistan Muslim League, who framed the case out of court as a campaign against corruption.
Prime Minister Nawaz Sharif, Maryam Nawaz, Hasan Nawaz, Hussain Nawaz, retired Capt Muhammad Safdar (the PM’s son-in-law) and Finance Minister Ishaq Dar are the respondents in the case.
The petitioners had touted the revelations brought forth in the Panama Papers, published by the International Consortium of Journalists on April 3, 2016, as ‘evidence’ that the premier had lied to the nation in an address to Parliament where he ‘explained’ his position following the leaks.
The Panama Papers, which refer to a massive trove of secret documents leaked from Panamanian law firm Mossack Fonseca — which specialised in helping the global elite stash wealth in offshore tax havens — had said that the PM’s children, Maryam, Hasan and Hussain Nawaz “were owners or had the right to authorise transactions for several [offshore] companies”.
At least eight offshore companies were found to have links to the Sharif family in the documents that were leaked.
The revelations had raised serious concerns regarding the legitimacy of the family’s wealth, offshore holdings and business interests, and catalysed opposition parties to rally for the investigation or resignation of the prime minister and his family members.
Maryam Nawaz had initially dismissed the documents as a distortion of information, but the prime minister had to eventually relent and order a judicial probe into the allegations raised by opposition parties.
In a televised address, the premier also attempted to document his family’s financial history and said he was open to a probe.