In a recent statement regarding the London High Court of Justice’s ruling on Hasan Nawaz’s company bankruptcy, a spokesperson for the Sharif family detailed the historical challenges their businesses have faced.
The process began in 1972, during Zulfikar Ali Bhutto’s administration when their industries were nationalized. Later, under General Pervez Musharraf’s presidency, further actions were taken, including the seizure of personal homes and the closure of factories.
🚨Hasan Nawaz Sharif declared bankrupt in UK tax case. @geonews_urdu clarifies the name mix up pic.twitter.com/4Ro2Snzf8X
— Murtaza Ali Shah (@MurtazaViews) November 17, 2024The spokesperson also noted similar hardships during the tenure of former Chief Justice of Pakistan Saqib Nisar, who claimed deliberate damage to their industries. The Sharif family’s businesses have been declared bankrupt four times, enduring significant financial losses.
Read: Hasan Nawaz Declared Bankrupt by London High Court
Despite these setbacks, the family has remained committed to the country and its principles. The statement highlighted that companies undergoing bankruptcy do not pay taxes, and it praised the British court for upholding Hasan Nawaz’s position in this matter.
Hasan Nawaz declared bankrupt in HMRC tax case pic.twitter.com/QfeIhUkrYc
— Murtaza Ali Shah (@MurtazaViews) November 17, 2024The High Court of Justice in London declared Hasan Nawaz bankrupt on November 17, stemming from a tax case with the UK’s Tax and Revenue Department, as recorded in the official UK Gazette. The case, number 694 of 2023, was initially filed on August 25, 2023, with a ruling issued on April 29, 2024. Kaur Maxwell represented Hasan Nawaz.
Sources close to Hasan Nawaz disclosed that his legal team is meticulously analyzing the court’s decision and plans to respond soon.
