Panama case: SC rejects names proposed by SBP, SECP for JIT
The bench has directed the chairmen of all the departments to appear in the court on Friday.
ISLAMABAD (Dunya News) - A three-member special bench of Supreme Court (SC) headed by Justice Ejaz Afzal Khan on Wednesday has rejected the names proposed by Securities and Exchange Commission Pakistan (SECP) and the State Bank of Pakistan for the constitution of Joint Investigation Team (JIT).
Hearing the case related to implementation of Panamagate verdict, the bench that also includes Justice Sheikh Azmat Saeed and Justice Ijaz-ul-Hassan has directed the chairmen of all the departments to appear in the court on Friday along with the list of all the officers in and above Grade 18.
The court said that the names would be selected by keeping in view the past record of the officers which means that no corrupt official would be included in the team.
Sources told that Securities and Exchange Commission of Pakistan (SECP) had proposed the names of Muzaffar Mirza, Ali Azeem and Usman Hayat whereas National Accountability Bureau (NAB) had named Balochistan NAB Director General Irfan Naeem Mangi, Karachi Director General Farmanullah, Operations DG Zahir Shah and Lahore NAB DG Saleem Shahzad.
Three names sent by Federal Investigation Agency (FIA) included Additional Director General Wajid Zia, Additional Director General Captain (R) Ahmed Latif and Additional Director General Dr Shafiq-ur-Rehman.
It is to be mentioned here that JIT will present its report to the special bench after every fifteen days whereas it will complete investigation within two months.
The team will also be responsible to find answers of the following questions:
Question No 1: How were Gulf Steel Mills set up?
Question No 2: What happened with the returns of Gulf Steel Mills
Question No 3: How did the money earned from Gulf Steel Mills ended up in Jeddah, Qatar and Britain?
Question No 4: What were the reasons of selling Gulf Steel Mills?
Question No 5: Did the young Hassan Nawaz and Hussain Nawaz have resources enough to buy flats in London in the 90s?
Question No 6: Is the Qatari letter a reality or just a fabricated letter?
Question No 7: Who is the real owner of Nelson and Nescol?
Question No 8: How did the bearer certificates of the offshore companies turn into flats?
Question No 9: Where did Hassan Nawaz get the money from for a flagship company and business in London, while there is no transaction recorded to prove the flow of money?
Question No 10: How was Hill Metal Company set up?
Question No 11: How did Hussain Nawaz gift millions of rupees to his father and where did the money for those gifts come from?
On April 20, Justice Asif Saeed Khosa had announced Panama Leaks case decision comprising of 540 pages, saying that the court issued a split ruling calling for a joint investigation team of National Accountability Bureau (NAB), Federal Investigation Agency (FIA), State Bank of Pakistan, Inter-Services Intelligence and Military Intelligence that will be headed by a director-general level FIA officer.
Two of the five judges went further, branding Sharif "dishonest" and saying he should be disqualified, but they were outnumbered.
"A thorough investigation is required," Justice Asif Saeed Khosa said.
The case against Sharif stems from documents leaked from the Panama-based Mossack Fonseca law firm, which appeared to show that his daughter and two sons owned offshore holding companies and used them to buy properties in London.
