ISLAMABAD: Finance Minister Ishaq Dar, one of the respondents in the Panama Papers case, submitted his reply — raising objections to accusations against him in the Joint Investigation Team’s final report — to the Supreme Court.
The response, submitted by the minister’s counsel, rejects the findings of the JIT report and claims the investigators worked beyond the mandate given to them by the Supreme Court.
The Sharif family, in its response to the apex court, also submitted similar objections.
“The JIT has not mentioned any, much less cogent, reason for the apparent transgression of its mandate. The findings merit rejection for this reason alone,” the response states.
Regarding allegations in the JIT report that the respondent [Ishaq Dar] “did not file income tax returns from 1981/82 to 2001/02”, the response states that “no evidence” was found “substantiating the said allegations”.
To allegations of tax evasion, the response claims that “the perverse conclusion” of tax evasion is “clear evidence of mala fide, and an apparent attempt to mislead the [Supreme Court] amounting to contempt.”
The JIT report claims an “exorbitant increase in assets since 2008/09 for which sources of income were not furnished”. Ishaq Dar invested GBP 5.5 million in BARAQ Holdings in UAE but the source Read More
Source:: Daily Mail News