Published On: Tue, Apr 5th, 2016

Panama Papers Leak Unveils Nawaz Sharif’s Overseas Holdings

Advertisement

Panama Papers Leaks have revealed so many renowned celebrities’ secret assets, in which Pakistani current Prime Minister Mian Mohammad Nawaz Sharif also reported, his sons and daughter, these owned about four overseas companies in British Virgin Islands (BVI).

Panama-Papers-Leak-Unveils-Nawaz-Sharifs-Overseas-Holdings

PM Nawaz Sharif has children, Mariam Safdar, Hussain and Hasan Nawaz Sharif who also have the ownership of six up-market properties overlooking Hyde Park of London.

After assessment of thousands of Mossack Fonseca (MF) documents, was revealed the 12th PM of Pakistan family mortgaged four of these properties to the Deutsche Bank (Suisse) SA for a loan of £ 7 million and the Bank of Scotland fraction financed the buy of two other apartment buildings.

Advertisement

However, the Pakistani media had approached some of these BVI companies and London properties linking Sharif family though like other corrupt politicians, Pm Sharif has also refused offshore holdings.

While the children of Sharif as Hussain and Hasan and Mariam Safdar didn’t respond so far over the queries, while Nielson Holdings Limited and Nescol Limited and Nielson Holdings Limited were also respectively added in BVI in 1993 and 1994 even were held by one bearer share each.

As the sole (bearer) shareholder, daughter of Mian Mohammad Nawaz Sharif signed a resolution of Nescol Limited in February 2006. Although MF was elected as the registered representative through Minerva Trust that marked out Mariam as the valuable holder of both firms.

One the other side BVI law firm Farara Kerins released two legal opinions in August 2008, when it comes to Nescol’s property that showed off leasehold properties of 17… and 17A Avenfield House, 117 to 128 Park Lane, London, W1K 7AH and car parking space 9 and box room 6 though these were registered with Title Numbers NGL342976 and NGL342977.

Nielson’s property also indicated two titles of 16 and 16A Avenfield House.

Advertisement

Special Recent Posts

Presidential Medal of Freedom honored to Michael Jordan, Ellen DeGeneres.

Presidential Medal of Freedom honored to Michael Jordan, Ellen DeGeneres.

Top 10 Most Powerful Politicians In The World 2016 Barack Obama President of United States ha[...]
Rihanna and Prince Harry celebrated independence of Barbados

Rihanna and Prince Harry celebrated independence of Barbados

Also See:Beyoncé Defeats Madonna By Winning 21 MTV VMA Awards In 2016, Drake Express Love For Ri[...]
Reviews of Dear Zindagi as this film seems acted superbly

Reviews of Dear Zindagi as this film seems acted superbly

Coming after a sequence of Bollywood numbers set free with latest covers such as Tum Bin 2, Forc[...]
What to know about Han Solo movie.

What to know about Han Solo movie.

Han Solo movie Whilst we are on the brink of initial Star Wars movie which will be not about someon[...]
Swami Om is popular, no matter what in Bigg Boss 10.

Swami Om is popular, no matter what in Bigg Boss 10.

Contestant of Bigg Boss 10 Swami Om has annoyed several by means of his sexist comments on show pr[...]
TOP 10 MOST EXPENSIVE SPORTS CARS IN THE WORLD

TOP 10 MOST EXPENSIVE SPORTS CARS IN THE WORLD

MOST EXPENSIVE SPORTS CARS In our world today, everyone is interested in cars. All over the world, [...]
TOP 10 WORKOUT SONGS IN THE WORLD

TOP 10 WORKOUT SONGS IN THE WORLD

WORKOUT SONGS IN THE WORLD Keeping yourself healthy and balanced as well as in top condition requir[...]
Priyanka Chopra and Dwayne Johnson (The Rock) on Twitter

Priyanka Chopra and Dwayne Johnson (The Rock) on Twitter

Priyanka Chopra and Dwayne Johnson on Twitter Actor Dwayne Johnson is titled as 'sexiest man [...]
Navin reveals about contestants of Bigg Boss 10 after expellsion.

Navin reveals about contestants of Bigg Boss 10 after expellsion.

Freshly expelled contender Navin Prakash states his journey of Bigg Boss 10 was an unforgettable o[...]
“Lara Croft: Tomb Raider” Latest News And Updates: Next Game To Be Titled As “Shadow Of Tomb Raider”

“Lara Croft: Tomb Raider” Latest News And Updates: Next Game To Be Titled As “Shadow Of Tomb Raider”

The action adventure video game series “Tomb Raider” may have been spilled because of an open laptop[...]