The Supreme Court on Thursday sent notices to the National Accountability Bureau (NAB) and the federal government seeking reports on action taken against 436 Pakistanis named in the Panama Papers.

The Panama Papers, a massive investigation into secretive offshore companies owned by the world’s political and business elite, sparked controversy in several countries last year. At home, their publication had led to the disqualification of former prime minister Nawaz Sharif.

On Thursday, a two-member bench of the apex court, headed by Justice Ejaz Afzal, conducted a hearing on petitions filed by Jamaat-i-Islami chief Senator Sirajul Haq and Advocate Tariq Asad, which seek action against all those named in the Panama Papers. The petitions were clubbed together by the apex court today.

During the hearing, Advocate Asad told the court that indiscriminate action should be taken against those who had "engaged in corrupt practices and set up off-shore companies in Panama."

It should be pointed out here that the setting up of off-shore companies is, in itself, not a criminal act and has many legitimate uses.

However: "These companies are established for tax-evasion purposes," the lawyer alleged. "Action should be taken against those who engaged in money-laundering."

The advocate requested the court list the Interior Ministry, the government and Pakistan Tehreek-i-Insaf Chairman Imran Khan as respondents in the case.

"Does your case seek action against those who own assets beyond their known sources of income?" Justice Afzal asked the advocate.

"It is NAB which is responsible for undertaking investigations into assets beyond known sources of income. It is not up to the SC to determine if individuals' assets exceed their income," the judge reminded the petitioner.

"I served on the bench that heard the Panama Papers case. We will hear this case," Justice Afzal added. "Corruption is found in every state institution and steps need to be taken to against it," he added.

The hearing was adjourned indefinitely.

Opinion

Editorial

Narcotic darkness
08 May, 2024

Narcotic darkness

WE have plenty of smoke with fire. Citizens, particularly parents, caught in Pakistan’s grave drug problem are on...
Saudi delegation
08 May, 2024

Saudi delegation

PLANS to bring Saudi investment to Pakistan have clearly been put on the fast track. Over the past month, Prime...
Reserved seats
Updated 08 May, 2024

Reserved seats

The truth is that the entire process — from polls, announcement of results, formation of assemblies and elections to the Senate — has been mishandled.
Impending slaughter
Updated 07 May, 2024

Impending slaughter

Seven months into the slaughter, there are no signs of hope.
Wheat investigation
07 May, 2024

Wheat investigation

THE Shehbaz Sharif government is in a sort of Catch-22 situation regarding the alleged wheat import scandal. It is...
Naila’s feat
07 May, 2024

Naila’s feat

IN an inspirational message from the base camp of Nepal’s Mount Makalu, Pakistani mountaineer Naila Kiani stressed...