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Paradise papers expose former PM Shaukat Aziz offshore assets

Paradise papers expose former PM Shaukat Aziz offshore assets
November 06, 2017

ISLAMABAD, 6 November: After the Panama Papers leaks that shook the world elites by exposing their offshore assets, the Inter­national Consortium of Investigative Journalists (ICIJ) another trove of data on Sunday. The data exposed some Pakistan leaders for holding offshore holdings, including former PM Shaukat Aziz.

The data called as Paradise Papers, consist of 13.4 million files got from offshore service providers and the company registries of some of the world’s most secretive countries.

It include loan agreements, financial statements, emails, trust deeds and other paperwork from Appleby, a leading offshore law firm with offices in Bermuda, as well as files from a smaller trust company, Asiaciti.

The fresh leaks said that Aziz worked for Citibank before entering politics and at that time he was one of the shareholders and directors of the Bahamas-registered Cititrust Limited from 1997 to 1999, along with other executives of the bank”.

He had set up Antartic Trust in the name of his wife, three children and granddaughters weeks before he came to Pakistan. Former chairman of the National Insurance Corporation Limited, Ayaz Khan Niazi, is also named in the Paradise Papers, Published Dawn.com while quoting journalist Umer Cheema.

In addition, 13 members of the Trump cabinet — including Secretary of State Rex Tillerson and Commerce Secretary Wilbur Louis Ross Jr — were named in the leaks.

Queen Elizabeth II of England, Queen Noor of Jordan, former Canadian prime ministers Jean Chretien, Paul Martin and Brian Mulroney and pop stars Madonna and Bono of U2 are also named in the leak.





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