A big global scandal...and who is at the top?

Re: A big global scandal...and who is at the top?

There is nothing wrong in openning off-shore companies, here it is only Panama, there are several other tax heavens where i used to open companies during my career, they are openned to take tax benefits and for many other reasons...

The main question here is, if the companies are openned with black money or white..
Which i guess is not that difficult to find out...

But here the fuss is not about to find out the truth, it is here to just take political point scoring and create mess...

Re: A big global scandal...and who is at the top?

Plz don't get personal, and try to have discussion in civilized manner, if you can't then i have to put you on ignore list.

Plz behave...the way you are talking and abusing is what extremists do, either theit way or get killed...so if you can discuss things like a normal person...it will help you

Re: A big global scandal...and who is at the top?

I think it has been comprehensively proven through Panama papers that the Sharifs owned these properties since the 90s. So Hussain Nawaz's assertion that he bought them in 2006 has already been proven a lie. I dont mind letting him slide on that lie, as its just a technicality......but what that proves is that since the properties were bought in the 90s, the money for them was not sent from Saudi, but from Pakistan.

Now if the Sharifs claim everything was legit, it will take them all of 3 minutes to extract transaction receipts from the State bank to prove legitimacy. They dont have to do anything else. Just produce records that state that you transferred x million dollars out of Pakistan to London through the State bank.

But thats the problem. No such transaction exists. It was done through money laundering....which is why Nawaz Sharif and his cronies are talking about everythign under the sun...........pre-partition, post partition,....dada's factory in the 50s......bhuttos nationalization in the 70s.........but then they hop, skip and jump over the 80s and 90s, and rush straight to 2000.....Musharraf's take over....Steel mill in Makkah....Steel mill in Jeddah....Properties in UK.

Re: A big global scandal...and who is at the top?

Steel prices at rock bottom.

Re: A big global scandal...and who is at the top?

And everyone focussed on politicians . The bigger looters . ruling much More than civilians are just ignored . Why the off shore accounts of ran away Killer Traitor Dictator Mush and others are not being discussed .

Re: A big global scandal...and who is at the top?

Imran Khan and his blind followers aren't told to do so yet..

Re: A big global scandal...and who is at the top?

Can we discuss steel, please?

Re: A big global scandal...and who is at the top?

The steel itself like chemical, physical properties of it or steel prices and it's price trend?

Re: A big global scandal...and who is at the top?

No I don't want you killed, I just want you exposed. You can block me, but I think it is important that PMLN supporters are countered, after all you guys are using state machinery and Pakistan's resources to go after a charity cancer hospital.

Can you please answer these following questions:

  • Is the pressure mounting on British PM because of IK?
  • Did the Iceland PM resign because of IK?
  • Did they raid the house of the FIFA President because of IK?
  • The independent probe have started all over Europe, is it because of IK?

So why on God's green earth, you PMLN supporters and Gov are making IK the centre of the controversy in Pakistan by hook or crook when Panama leaks concerns the crimes of the Sharif family? IK's only 'crime' and 'sin' that he dare do some opposition?

Bad mouthing military dictators is not enough to make you look democratic, when you just like the dictators oppose the opposition, as the one major difference between dictatorship and democracy is the presence of the opposition.

I don't know why you are forcing yourself to get some cheap thrills over some imaginary prospect of seeing IK "loose". I'd be quite worried if I was a PMLN supporter right now because all IK has to do is to do what PMLN did to PPP. Prolong the issue to an extent that just like PPP, PMLN too becomes synonymous with corruption and theft.

If IK can do a campaign on electoral rigging for almost three years, to keep issue of PMLN's corruption alive for another year or so is not a difficult task.

Re: A big global scandal...and who is at the top?

Ha!

Once upon a time, all PMLN had to do was to open up four constituencies for investigation (as promised in the parliament!) to show they have done nothing wrong! But we all know how PMLN delayed and dodged that demand for over two years, so this is exactly what they will do with the allusive Panama leaks investigation as well.

There won't be any receipts of bank transaction as the money was illegally smuggled out of the country. PMLN went home twice in the 90s due to corruption and rigging,
and these two issues are coming back again, and they will continue to come back until there is no accountability.

There is no doubt that PMLN is more corrupt than PPP. The PPP walas just don't have the intelligence level of PMLN to do extensive white collar corruption, and PMLN being bunch of oligarchs have naturally mastered that art.

It is interesting how PMLN kept the front of 'friendly opposition' to PPP at party level, but with the help of Jang/Geo group, columnists and SC judge Iftikhar Ch did ruthless campaign against them on corruption. The plan worked and it turned PPP's PR into ashes. So much for Zardari being a smart crook or what not, it never occurred to him that investment in the media and judiciary is essential for survival in politics, especially if you are a criminal.

Re: A big global scandal...and who is at the top?

IK want to address the nation from PTV, i guess like Head of State does it!!! But IK, In what capacity??? This guy is real moron and is doing his best to burry the issue under the useless demands... He did this during Dharna days and seems like haven't learned anything from his mistakes....somebody please tell him that he can go to the host of any news channel and have his address to the nation....no wonder his candidate left him at 11th hour!!!

Re: A big global scandal...and who is at the top?

Everyone.... you are welcome to post whatever you want but pls control your emotions, no personal attacks. thx

Re: A big global scandal...and who is at the top?

My question is still unanswered. Opening a company is not an illegal act.
My question is related to asset declaration. Pakistani law does not allow to hide asset. If you have businesses in other countries, then that should declare in Pakistan.

Why are they hiding ? Why they don't want to pay tax?

Re: A big global scandal...and who is at the top?

Are those listed in Panama papers?

Re: A big global scandal...and who is at the top?

Just opening offshore companies is not a crime. It is a common practice in business community to avoid taxes. Again, avoiding taxes it not a crime (we are not talking about moral crime). Intentional and unintentional loopholes in tax laws all over the world allow companies to play cards and save taxes. We are moving away from the main issue. Main issue is not having offshore companies, main issue that should be investigated are

1) Where did Shareef family got all the money from to open these companies aka money trail.
2) If money was generated in Pakistan, how was it transferred outside

These are the two main points any inquiry should focus on. We as a nation is at the lowers step of morals so "jhoot" is really not a crime for us. Ager srif yee investigate kia k "did these companies blong to shareef families" tu koi faida nahi. They will say oh yeah there were ours and there is nothing wrong in having offshore companies...allah allah khair silla. In fact chota-nawaz has already started walking path of "accepting" it (check his interview with Javed Chaudhry)

Re: A big global scandal...and who is at the top?

This is i am focusing on...

Off shore company is not the issue here. Source of funds and how it was transferred in mid 90s to start business is major concern...

Discussing/investigating anything else would be waste of time...
Our time only, politicains have lots of time to waste..

Re: A big global scandal...and who is at the top?

Boss jee, u r missing the point here...avoiding tax is not a crime...and if they setup off shore companies then still they are not liable to pay tax in Pakistan or as per Pakistani law because they don't havw business here neither they live here...so TAX is not issue..at best they are in Tax-Avoidance mode and not Tax-Evasion...

Whatever the tax case maybe, it is between them and UK...the country of their residence and business..

Plz focus on main issue here, the source of funds and the way it got transferred to UK in mid 90s... This should be the objective of the investigation or audit...

Re: A big global scandal...and who is at the top?

Exactly. Additionally, Panama is not a country with good reputation, its corrupt to the core with drug cartels roaming around freely. Very easy to run fraudulent activity without any checks.

Re: A big global scandal...and who is at the top?

we don't know twisted thing... If NY Time article brought down AXACT ,... then Panama papers should also treat in same way.... qoom ka paisa wapis qoom ko milna chihiye....

Re: A big global scandal…and who is at the top?

#BeLikeHussainNawaz](http://www.paklinks.com/gs/usertag.php?do=list&action=hash&hash=BeLikeHussainNawaz)

*At age 13, he created 4 offshore companies worth 30 million dollars and acquired 4 flats in Mayfair, London. The seed fund for these companies came from the ‘Tooth Fairy’ who was buying his teeth at meagre million dollars a pop. I am safely assuming this as his whole family paid an average tax of 70 dollars per year in the 3 decades before (and one decade after) he founded these companies. His family was more poor than 90% of Pakistani tax payers. *
*At age 17, he was already a self made billionaire. But then, all their assets were frozen by a military dictator. He went to KSA. Took a loan, built a steel factory, and in just four years, he earned so much money that he completely repaid the loan and bought many businesses all over the world. At age 21, he was a multi billionaire. His father, the Prime MInister of Pakistan, is lucky to have a son like him. The PM does not own anything. He is under debt of millions of dollars that he has to repay to his sons while Hussain is however a multi billionaire. It is just a co incidence that his father is a politician. *

  • I am thinking what did Nawaz Sharif do with all this money. How the hell is he under so much debt. Maybe while his sons were working so hard, he was busy gambling and partying in Montecarlo? Destroying the hard earned fortune?*
    PS: At age 13, I did not know how to fill a bank form and I did not know what an offshore company was? But then I am not as bright as Hussain. However I am richer than his father so surely I am brighter than his father.