Islamabad, July 21: Pakistan Supreme Court today reserved its verdict in Panamagate case filed against Prime Minister Nawaz Sharif and his family over alleged corruption. A date for the judgement has yet to be announced.
The judgment was reserved after counsels of both sides concluded their arguments. The Panamagate case is being heard by a three-member bench of the Supreme Court. The court also opened Volume X of the joint investigation team's (JIT) report, which was earlier marked confidential, providing a copy of the same to Nawaz Sharif's lawyer Khawaja Harris.
The Panamagate case is being heard by a three-member bench of the SC, headed by Justice Ejaz Afzal and comprising Justice Sheikh Azmat Saeed and Justice Ijazul Ahsan. The apex court heard the Panamagate scandal case for the fifth consecutive day, since the hearing began on Monday.
The JIT, tasked with investigating allegations of money laundering against the Sharif family, submitted its report to the SC on July 10. Volume X of the report, titled Mutual Legal Assistance Requests Ongoing, is related to JIT's international correspondence and the documents obtained from foreign countries during the investigation.
In their objections to the JIT report, filed before the SC earlier this week, the Sharif family and Finance Minister Ishaq Dar had called the investigators' request to withhold Volume X mala fide. During Monday's proceedings, the judges had also expressed an inclination to make Volume X public.
Yesterday, Pakistan's Supreme Court has said that Prime Minister Nawaz Sharif's children could face up to seven years in jail, if it was proved that they had submitted fake documents to the Panama panel probing money laundering allegations against the family.
The Joint Investigation Team probing allegation of corruption against Sharif and his family in its report observed that some of the documents submitted by the children of Sharif were tampered. The judges again asked the Sharif family to provide the money trail of its various businesses in the UAE, Saudi Arabia, Qatar and the UK.
The case, concerning allegations of money laundering by Sharif in 1990s when he twice served as Prime Minister to purchase assets in London, was launched on November 3, 2016, and the court held 35 hearings before concluding the proceedings on February 23 this year. The assets surfaced when Panama Papers last year showed that they were managed through offshore companies owned by Sharif's children.
The case in the Supreme Court was based on several identical petitions by Pakistan Tehreek-i-Insaf (PTI) chief Imran Khan and others about alleged illegal assets of the Prime Minister Sharif's family in London.