KARACHI: Only a fraction data leak by panama Papers out of a total 2.6 terabyte confidential papers and emails, published by International Consortium of Investigative Journalists (ICIJ), has taken the world by storm.
The data leak has exposed more than 200 names of politicians, businessmen, judges, media owners and many famous personalities who own offshore companies and accounts.
The matter is worth investigation as well, as thousands of offshore companies were established in cooperation with Mossack Fonseca (MF) with the purpose of evading taxes and facilitating money laundering.
List of Pakistan politicians exposed in Panama leaks was published earlier, here is the list of Pakistani businessmen who have undisclosed offshore companies.
Businessmen:
Most of Pakistani names featured in Panama Papers are businessmen and include almost every renowned businessman of the country, including:
Sadruddin Hashwani and son Murtaza Hashwani of Hashoo Group
Malik Riaz Hussain’s son Ahmed Ali Riaz of Behria Town
Hussain Dawood of Engro Corporation Limited
Abdullah family (Yousuf Abdullah, Shahid Abdullah, Nadeem Abdullah, Amer Abdullah) of Sapphire Textiles
Gul Muhammad Tabba of Lucky Textiles
Shahid Nazir of Masood Textiles
Shehbaz Yasin Malik and family of Hilton Pharma
Sultan Ali Allana of Habib Bank Limited
Shahid Nazir and family of Masood Textile Mills
Bashir Ahmed and Javed Shakoor of Buxly Paints
Dr. Mehmood Ahmed of Berger Paints
Azam Sultan of ABM Group of Companies
Aqueel Hassan and his brother Tanwir Hassan of Pizza Hut (Pakistan)
Zulfiqar Paracha of Universal Corporation (Pvt) Ltd
Abdul Rashid Soorty and family of Soorty Enterprise
Media owners:
Several owners of Pakistan based media groups were also found owning offshore companies. Among them Zulfiqar Lakhani, who owns Lakson Group and Express media group, was on top. Gohar Ejaz, who maintains an image of property tycoon and is financier of Channel 24 as well, was also in the list. Mir Shakil-ur-Rahman of Jang and Geo Group also established an offshore company in early 2000s.
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