The matter pertains to the alleged over-invoicing of imports and the sum involved is Rs 5,500 crore.
Established media organisations are collaborating across borders and with new media to break big stories such as global tax avoidance by the rich and powerful.
The DRI had accused Essar of using offshore entities to siphon Rs 2,900 crore through inflated invoices. So why has the directorate been kept out of the multi-agency group tasked with acting on the latest disclosures?
Given his government’s record of inaction, however, the latest disclosures are also likely to sink without a trace.
Sharif, who had been in London with his wife who is undergoing cancer treatment, is due to appear in court on Friday over allegations linked to London properties the family owns, charges that could see the former premier jailed.
With the defeat of Bjarni Benediktsson’s coalition government, his main opponent, the Left-Green Movement’s Katrin Jakobsdottir, is likely to get a chance to form a narrow majority in parliament.
Malta’s Prime Minister Joseph Muscat has already called in foreign investigators to help look into the car bomb that killed Daphne Caruana Galizia, who wrote about widespread breaches of the rule of law and corruption on the island.
Sharif said there was no precedent for indicting someone in his absence. “I hope I will get justice,” he told reporters in London in remarks broadcast by local Geo TV, adding that he would travel home to attend the next court hearing.
“Indeed, the news is relentlessly gloomy – week after week brings news of journalists abducted, jailed, prosecuted and killed.”
Daphne Caruana Galizia highlighted cases of alleged high-level corruption targeting politicians from across party lines on her blog.
The National Accountability Bureau had issued summons to Sharif, his children – sons Hussain and Hasan, daughter Maryam and son-in-law Captain Safdar.
Vinod Dua discusses how Indians named in Panama Papers have faced little scrutiny even as Pakistan’s Nawaz Sharif has been forced to resign for the same, and reads out an open letter that 114 veterans of the Indian armed forces have written to Modi.
The end to Sharif’s stint has raised questions about Pakistan’s democracy. No prime minister has completed a full term in power since independence.
Shahbaz must contest a by-election for parliament to be eligible to take the reins. Nawaz also nominated Shahid Khaqan Abbasi as interim prime minister.
Pakistan was left with no government leader after Friday’s Supreme Court verdict, which also ordered a criminal corruption probe against Sharif’s family.
The Supreme Court said Nawaz Sharif is not fit to hold office and ordered a criminal investigation into the corruption charges against him and his family.
A new study has, for the first time, unveiled a complex global web of offshore financial centres that rob the world economy of US$500-650 billion annually, including US$200 billion from developing economies.
Defence minister Khawaja Asif is the “most potential” candidate, while speaker Sardar Ayaz Sadiq and petroleum minister Shahid Khaqan Abbasi are in the shortlist.
The six-member Joint Investigation Team (JIT), set up by the apex court, recommended filing a corruption case against Sharif and his children on July 10.
The joint investigation team in its final report to the Supreme Court found the assets of Sharif and three of his children to be more than the sources of their income.
The joint investigation team has asked the Pakistan prime minister to appear with all documents related to the scam, in which he has denied all charges.
After his two sons, the prime minister will also be required to appear in front of the Joint Investigation Team to give his testimony on the matter.
Financial secrecy deprives countries, especially developing ones, of key revenue resources by eroding their tax base. India must thus build a robust legal system to lift the veil of secrecy on both onshore and offshore financing.
The special cell to help constitute the Joint Investigation Team to probe Prime Minister Nawaz Sharif’s alleged corruption.
With each new domestic crisis, the civilian government’s political space keeps shrinking.
Jurgen Mossack and Ramon Fonseca were granted bail, while another lawyer from the firm still being held for Panama Papers corruption scandal.
Three judges supported the setting up of Joint Investigation Team to further probe the allegations while two other judges wanted to disqualify Nawaz Sharif.
Given that the discovery was made by Pulitzer-winning international journalists and not an opposition party, this corruption case is being viewed as far more legitimate in Pakistan.
In the thirtieth episode of Jan Gan Man Ki Baat, Vinod Dua talks about the Panama Papers and amendments proposed to the Right to Information Act.
The LuxLeaks scandal erupted in 2014 and sparked a major global push against generous deals handed to multinationals, which grew even stronger with new revelations such as the Panama Papers.
Mossack Fonseca’s defence lawyer called the accusations against the firm’s founders “weak” and said that he would challenge the presented evidence.
Populist leaders are using the corruption-inequality message to drum up support without an actual intention of tackling the problem.
The gap between the very rich and poor is far greater than just a year ago, an Oxfam study has revealed.
Presenting its findings on the dawn of the Davos summit, Oxfam says the gap between the very rich and poor is far greater than just a year ago and unless tackled, public anger will continue to grow and lead to more seismic political changes.
In Democracy’s Detectives: The Economics of Investigative Journalism, James T. Hamilton gives a bird’s eye view of the ecosystem of investigative reporting and addresses its costs, benefits and impact.
Our top ten list of those who got away this year.
In the India-Switzerland agreement, there is no sense of urgency to bring back the kind of black money that will increase tax revenues without burdening the common person.
“The moment has come. The country can no longer postpone decision-making in this field,” said the 23-page report released on Monday.
The show lionises the US’s involvement in Pablo Escobar’s fall, but the untold story is its involvement in his rise and in that of the vast drug business in Latin America.
Khan has vowed not to back down unless Sharif either resigns or submits himself for investigation regarding the ‘Panama Papers’ leaks.