How the Panama Papers Changed Pakistani Politics<br />Mr. Sharif’s name never appears in the Panama Papers,<br />but three of his six children – Maryam Nawaz Sharif, Hasan Nawaz Sharif and Hussain Nawaz Sharif – were determined to have purchased luxury properties in London using offshore holdings.<br />His daughter Maryam, once seen as his likely political successor, was listed as the owner of two British Virgin Islands-based shell companies – Nielsen Enterprises Limited<br />and Nescoll Limited – which were set up in the early 1990s, just after her father’s first term as prime minister ended.<br />According to detailed reports from the International Consortium for Investigative Journalists (ICIJ), who first released the Panama Papers in early 2016 after a yearlong investigation, Mr. Sharif’s three children headed companies<br />that owned four luxury flats in London’s Park Lane neighborhood.<br />By MEGAN SPECIAJULY 28, 2017<br />The Pakistani Supreme Court’s decision to dismiss Prime Minister Nawaz Sharif was based on corruption accusations<br />stemming from the Panama Papers, a trove of leaked documents from the Panamanian law firm Mossack Fonseca.<br />Lawyers for the country’s opposition told the court<br />that because Maryam Sharif was underage at the time the business was set up under her name, the company would actually be owned by the prime minister.<br />Maryam and Hasan Nawaz Sharif signed paperwork in 2007<br />that was part of a series of transactions in which Deutsche Bank Geneva lent up to $13.8 million to the companies with their London properties as collateral.
