Papers open Pandora’s box for 700 Pakistanis

| | Islamabad
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Papers open Pandora’s box for 700 Pakistanis

Monday, 04 October 2021 | PTI | Islamabad

Imran’s inner circle in focus: ICIJ

Over 700 Pakistanis, including some Ministers and key members of Prime Minister Imran Khan’s inner circle, were listed among the individuals whose names were linked with the Pandora Papers, an investigation uncovering financial secrets held by high-profile individuals around the world.

The International Consortium of Investigative Journalists (ICIJ) on Sunday unveiled “Pandora Papers”, according to which Finance Minister Shaukat Tarin, Minister for Water Resources Moonis Elahi, Senator Faisal Vawda, the family of Minister for Industries and Production Khusro Bakhtiar, among others, had links with offshore companies, Geo News reported.

Some retired army officials, businessmen — including Axact’s CEO Shoaib Sheikh — and media company owners, have also been named in the leaks.

According to the report, leaked documents revealed that “key members” of Prime Minister Khan’s inner circle, including Cabinet Ministers, their families and major financial backers “have secretly owned an array of companies and trusts holding millions of dollars of hidden wealth”.

More than 600 reporters from around the world, belonging to 150 media organisations spanning 117 countries, participated in the research for two years for the Pandora Papers, which contain 11.9 million files containing 2.94 terabytes worth of confidential information.

Pakistani investigative reporter Umar Cheema, who was part of the probe along with fellow journalist, Fakhar Durrani, shared details with Geo News. The two reporters are associated with The News newspaper owned by the Jang Group which also owns the Geo News.

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