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Pakistan’s Prime Minister and First Family Used Wire Transfers, Phony Loans to Launder Funds: Investigators

By Valentina Pasquali

Tens of millions of dollars in ostensibly corrupt funds tied to deposed Pakistani Prime Minister Nawaz Sharif, his relatives and associates apparently moved undetected through domestic and global financial institutions for more than 40 years, say investigators. Pakistan's Supreme Court ordered Sharif to step down as head of state last month after determining that he, his relatives and close associates used shell companies and corporate accounts to conceal assets well beyond their known sources of income, evade taxes and skirt the country's controls against capital flight. The court's decision was based on a 254-page report submitted by an interagency task...

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