Pak businessman, media mogul, military leaders in Pandora Papers

More Pakistani people, ranging from owners of media groups to family members of military personnel, businessmen and executives, have been identified in the Pandora Papers of the International Consortium of Journalists of investigation (ICIJ) – a major international research into the financial holdings of leading figures around the world. , Dawn reported.

The briefing was released on Sunday and some of the names already reported include figures from the PTI-led government, including Pakistani Finance Minister Shaukat Tarin and Senator Faisal Vawda.

A report from The News on Monday said Jang Group editor Mir Shakilur Rehman, Dawn CEO Hameed Haroon and Express Media Group CEO Sultan Ali Lakhani also own offshore companies.

Renowned journalist and editor of Pakistan Today, the late Arif Nizami was also among those named in the report. He owned New Mile Production Limited in BVI which was incorporated in July 2000 with him and his wife declared as its beneficial owners.

The News report identified more former military leaders and their family members named in the Pandora Papers.

According to the report, the son-in-law of the former governor of Punjab, Lieutenant General (retd) Khalid Maqbool, Ahsan Latif, owned an offshore company Dylan Capital Limited which was registered in the jurisdiction of the BVI.

He added that according to the documents, the company was incorporated for “holding investments for certain properties in the UK and UAE, but it was used to import LPG (liquid petroleum gas) from the Russian company Vacus Oil Company Ltd. ”.

Zahra Tanvir, the wife of Lieutenant General (ret’d) Tanvir Tahir, was also identified by the report as the owner of an offshore company, Ener Plastic Limited, in BVI jurisdiction.

Javed Afridi, owner of the Peshawar Zalmi franchise, also owns three offshore companies according to the Pandora Papers revelations: Old Trafford Properties Ltd, Sutton Gas Works Properties Ltd and Gas Works Property Ltd.

According to the report, National Bank President Arif Usmani incorporated a company, Sasa Partners Inc, in BVI offshore tax havens in March 2018. He added that the Pandora Papers revealed him to be the beneficial owner of the company where he kept bankable assets.

The report also identified the Managing Director of National Investment Trust, Adnan Afridi, as having registered an offshore company, Veritas Advisory Services Ltd, in BVI jurisdiction in October 2011.


Source link