The Panama Joint Investigation Team (JIT) has unearthed an offshore company which it said was being managed by Prime Minister Nawaz Sharif.
According to the JIT report, the prime minister owns an UAE based offshore company, namely Capital FZE.
As per JIT reports, during the interrogation Hussain Nawaz claimed that, the offshore company was created by him to buy some properties in UAE, which was later dissolved for the purpose it was created never materialized. He said no other family member was associated with the company.
Contrary to his statement, the report said, the probing team established that, “not only was the company remained functional till 2014 but it apparently was being managed under direct control of Mian Nawaz Sharif as chairman of the board.”
