Panama Leaks Media Coverage in Pakistan

Panama Leaks Media Coverage in Pakistan

Groups MembersRafeh Umer 13513Sohaib 13532Iqbal 13528Mudasir Ahmed13524Ali Fawad13507

IntroductionPanama leaks2.6 tb 11.5 million documents214,000 offshore companiesMossack fonsecaJohn DoeGerman newspaper Sddeutsche ZeitungInternational Consortium of Investigative Journalists (ICIJ)illegal purposes

BackgroundA tax havenTo avoid taxesMoney laundering activitiesMossack Fonseca, the Panamanian law firm Not cooperate with international tax transparency initiatives

Offshore accountsWhat are offshore accounts?Where are most offshore accounts?Legitimate uses for offshore accountsIllegal uses of offshore accounts

Mossack fonseca

Mossack FonseccaHistoryFunctionsOffices and international practices

How Pakistani Media cover itWhat do they revealPolitical storm settle down without any changePolitical pressure felt sharifs family No answer to four chargesDid not satisfactory answer about its property FbrWeakness of fbrSocial media

Personalities which reveals through Panama PapersPoliticians:Prime Minister Nawaz Sharifs family (9 companies)Punjab Chief Minister Shahbaz Sharifs relatives (7 companies)Former PM Benazir Bhutto (1 company)Javed Pasha, Close friend of Asif Ali Zardari (4 companies)PPP Senator Rehman Malik (1 company)PPP Senator Osman Saifullahs family (34 companies)

Personalities which reveals through Panama PapersBusinessmen:Real Estate Czar Malik Riaz Hussains son (Bahria Town)Ahmad Ali Riaz (1 company)Chairman ABM Group of Companies Azam Sultan (5 companies)Pizza Hut owner Aqeel Hussain and family (1 company)Chairman Soorty Enterprise Abdul Rashid Soorty and familySultan Ali Allana, Chairman of Habib Bank Limited (1 company)Khawaja Iqbal Hassan, former NIB bank President (1 company)Bashir Ahmed and Javed Shakoor of Buxly Paints (1 company)Mehmood Ahmed of Berger Paints (1 company)Hotel tycoon Sadruddin Hashwani and family (3 companies) Owner of Hilton Pharma, Shehbaz Yasin Malik and family (1 company)Hussain Dawood family (2 companies)Abdullah family of Sapphire Textiles (5 companies)Shahid Nazir, CEO of Masood Textile Mills (1 company)Clover Pakistan (1 company)Zulfiqar Paracha and family of Universal Corporation (1 company)

Personalities which reveals through Panama PapersJudges:Serving Lahore High Court Judge Justice Farrukh IrfanRetired Judge Malik QayyumMedia:Mir Shakil-ur-Rehman of GEO and Jang Group (1 company)

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