London flats were purchased through Qatari investments, PM family tells SC

London flats were purchased through Qatari investments, PM family tells SC

Panama News

ISLAMABAD: Prime Minister Muhammad Nawaz Sharif and his daughter
Maryam Nawaz Tuesday submitted documentary evidence on ‘legitimacy
of their assets’ before the Supreme Court, claiming their London apartment
was bought through Qatari investments (Panama News).

Along with a 397-page document consisting details of transactions as well
as receipts of payments since 2011, the Sharif family through their counsel
Akram Sheikh submitted a letter from a Qatari prince Shaikh Hamad
bin Jaber Al-Thani claiming the flats were purchased through the
settlement of accounts between his family’s company and the Sharif family.

Moreover, the prince also said in the letter that Sharif’s father sold his business in
Dubai in the early 1980s and invested 12 million dirhams in the real
estate business of the Al-Thani family in Qatar. The letter says flats
number 17, 17a, 16 and 16a at Avenfield House, Park Lane, London — which
are now owned by the Sharif family — were registered in the names of two
offshore companies and were purchased from the proceedings of the real estate business.

qatar-letter

Later in 2006, “the accounts in relation to the above investment
were settled between Hussain Nawaz Sharif and the Al-Thani family,
who then delivered the bearer shares of the companies [which owned the flats]
to a representative of Hussain Nawaz Sharif”.

Justice Khosa

However, responding to the letter Justice Khosa also asked the Sharif
family’s whether the Qatari prince will appear as witness in court.
Furthermore, the judge also observed the letter contradicts PM’s earlier stance
on the London flats.

The apex court had also directed all parties to submit documentary
evidence in support of their claims in connection with Panama
Papers leaks case by November 15.

Written by 

Related posts

Leave a Comment

error: Content is protected !!