Dar is accused of amassing assets of an approximate value of Rs 831.7 million — disproportionate to his known sources of income. Dar was indicted on September 27 in a corruption case linked to the Panama Papers case, but he continued to serve as finance minister amid strong criticism from Opposition parties.
Dar sent a three-page letter to the Prime Minister’s Office on Monday seeking leave of absence. In it, he narrated his health condition, saying that his surgeon had asked him to avoid international air travel.
Pakistan Peoples Party had introduced the bill to remove section 203 from the recently passed Election Act 2017, which allows a person disqualified by the court to become the head of a political party.
Under the new anti-black money law cases of overseas illegal assets, which till recently were probed under the regular and civil Income Tax Act of 1961, attract a steep 120 per cent tax and penalty on undisclosed foreign assets and income besides carrying a jail term of up to 10 years.
Following the judgement, Sharif told media that Wednesday’s verdict would be written in “black words” in Pakistan’s history.
Three corruption cases were registered by the National Accountability Bureau (NAB) against Sharif, his children and son-in-law in the court on September 8.
Monday’s CBDT statement also assumes significance against the backdrop of the new series of reports in The Indian Express, titled Paradise Papers, based on data leaked from two firms Bermuda’s Appleby and Singapore’s Asiaciti with 19 tax havens across the world.
Nawaz Sharif and some of his family members are facing charges relating to their ownership of properties in London. He resigned as prime minister in July after the Supreme Court disqualified him over undeclared income.
Sharjeel Inam Memon, a Pakistan People’s Party (PPP) leader said that Sharif was ‘a product of dictators’.
The case was filed against Dar by the National Accountability Bureau (NAB) following a verdict by the Supreme Court, which disqualified Prime Minister Nawaz Sharif after an investigation into corruption allegations against his family.
The case pertains to an investigation into the offshore accounts and assets held by Nawaz Sharif’s children.
According to the JIT, her claim turned out to be “completely wrong” and it was proven that she had owned the properties managed by Minerva Services. The JIT added that Maryam was the “real and ultimate beneficial owner” of the Avenfield apartments.
Caruana Galizia, 53, died Monday as she drove near her home on Malta. Two weeks before, she told police she’d received threats.
“We are horrified by the fact that the well-known and respected journalist Mrs Daphne Caruana Galizia lost her life yesterday in what was seemingly a targeted attack,” European Commission spokesman Margaritis Schinas told a news briefing.
Caruana Galizia is survived by her husband and three sons. One son, Matthew, was on the International Consortium of Investigative Journalists team that won the Pulitzer Prize for its work on the Panama Papers scandal.