Pak SC to announce Panamagate verdict tomorrow

The Supreme Court on Tuesday asked the Central government to consider whether there was a necessity to set up a separate SIT to investigate the Panama Papers, now being probed by a Multi-Agency Group (MAG).

Over 500 policemen would be deployed inside the court. Action would be taken against those raising slogans in the premises of the court.

Pakistan Tehreek-i-Insaf (PTI), one of the petitioners of the case, has also summoned the party leadership meeting at Imran Khan's Banni Galla residence to brainstorm over the upcoming court verdict.

A trove of 11.5 million digital records from the Panamanian law firm Mossack Fonseca a year ago revealed how numerous world's wealthy used offshore companies to stash assets. The leak named over 400 incumbent as well as former leaders of the world who owned offshore companies which were interpreted by the commentators as means to stash wealth overseas.

Prime Minister Nawaz Sharif said on Wednesday that he was not waiting for any decision as people had not voted him to power for waiting for decisions but to work for their well-being.

The case is about alleged illegal money laundering by Sharif in 1990s when he twice served as Prime Minister to purchase assets in London.

Pakistan's Supreme Court will deliver its verdict on Thursday on the high-profile Panamagate case involving Prime Minster Nawaz Sharif and his children, a ruling which could "make or break" the country's most powerful political family.

Hearing of the case was adjourned on December 9 until first week of January 2017 over retirement of ex-Chief Justice of Pakistan, Anwar Zaheer Jamali.

State institutions were remarked against by the top court on February 21 when the judges declared the authorities concerned to have failed in probing lawmakers who owned shell companies.

The apex court was hearing the petition seeking a detailed court monitored investigation against the Indian offshore account holders and stock market regulators, whose names had been exposed in the Panama papers leak case. A supplementary cause list of the top court issued on April 18 reported that the verdict would be let out on April 20.

  • Leroy Wright