ISLAMABAD: Supreme Court of Pakistan resumed the hearing of Panamagate Case against the children of Prime Minister Nawaz Sharif on Thursday.
A larger bench of the apex court headed by Justice Asif Saeed Khosa hearing the high profile case against the family members of the prime minister.
Salman Akram Raja, the counsel of the prime ministers children, resumed his arguments today.
Salman Akram raja submitted the record of services record with Minerva over which Justice Asif Saeed Khosa asked him if he had filed the record over the Panama Papers case to which Salman replied that he would inform the court about it along with the dates.
Giving details, he added, that a representative for Hussain Nawaz, Faisal Tawana made an agreement with Arrina Company. The counsel submitted transactions conducted by the Minerva Company which included receipts of the Barclay Bank.
He told the court that the registered shares in the name of Minerva Company were issued in July 2006 while Maryam Nawaz remained a shareholder from February 2006 to July 2006 as a trustee during which time the shares certificates remained with her and with the cancellation of barrier certificates Maryam Nawazs ceased her share holders position to which Salman replied in negative. Minerva Company provided its directors for Nielsen and Nescoll companies while in 2014 the shares were transferred from Minerva to trustee services, Salman continued.
At this point Justice Ijaz-ul-Haq asked if the trust deed ceased to be after the transfer of shares Salman replied that even if it is proved that Maryam is a dependent she doesnt proved to be the owner of the flats.
Justice Ijaz-ul Haq said that the court has also to look at Hussain Nawazs investment to purchase expensive properties in the posh area of London and also the document if Maryam Nawaz used to work as the representative of Hussain Nawaz. Salman replied that these document is trust deed between Hussain and Maryam Nawaz.
Justice Azmat Saeed asked who was director for Neilson and Nescoll.
The top court judge also observed that there was no document which could show how bearer shares regarding the ownership of London flats were transferred to Sharifs by the Qatari royal family.
Meanwhile, Justice Asif Saeed Khosa, who is heading a five-judge larger bench of the apex court in the Panamagate case, in his remarks said, This is the stage which will make or break the Panamagate case.
Justice Khosa expressed wonder that four apartments in Londons upscale area were acquired for two students (Hussain Nawaz and Hassan Nawaz) in 1990s.
Awami Muslim League (AML) Chief Sheikh Rashid said the Panama case stands at where it began as it has actually returned to square one.
Talking to media, he said the lawyers of Sharif family are saying they do not have any documents; hence, We have won the case on ethical and political grounds.
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