Panama Papers disclose list of Pakistanis with offshore companies

ISLAMABAD: As International Consortium of Investigative Journalism (ICIJ) is all set to publish a searchable database of over 200,000 offshore companies named in Panama Papers, the group’s representative in Pakistan, Umar Cheema, has disclosed several new names in his latest news report.

According to the published information, newly surfaced names include close aides of PTI chief Imran Khan, former President Asif Ali Zardari, former Prime Minister Benazir Bhutto, and a number of businessmen, who mainly established offshore companies to open accounts in Swiss banks.

Here are the prominent names -and their brief introductions- that appeared in second installment of Panama Papers:

Sayed Zulfikar Abbas Bokhari: A close friend and fanancier of Imran Khan. Bokhari’s father Wajid Bokhari also served as a minister in interim government of 2008. He owns six offshore companies named K-Factor Limited, Bradbury Resources Ltd, Bayteck Limited, Bayla Trading Limited, Poreim Trading Limited and Ganstam Trading Limited, along with his two sisters.

Irfan Iqbal Puri: He is considered equally close to Asif Ali Zardari and MQM’s Altaf Hussain. He is said to be a business partner of Zardari and another powerful minister of former PPP government while he also submitted surety bonds to get MQM chief bailed out in London. He, along with his son, owns IP Commodities Limited, IP Global Limited and Pure Palm Oil Limited, according to Panama Papers.

Tariq Islam: A cousin of former Prime Minister Benazir Bhutto. He has been named as owner of Link Investments Limited in the leaked documents.

Naseer Khan: Health minister of PML-Q led government under Shaukat Aziz. He his brother Zaffarullah Khan and his son Muhammad Jibran together own Atwood Investments Limited.

Sajid Mahmood: The son of renowned businessman Seth Abid Ali. He is a shareholder of offshore company named Mossgreen Limited.

Abdul Sattar Dero: A close aide of Zardari Family. He owns Destiny Investment Development Limited and Simkins International Limited along with Zahida Dero, Fahad Sattar Dero and Fawad Sattar Dero. He was among beneficiaries of notorious NRO order issued in 2007. Dero also served as MD Port Qasim Authority.

Shaukat Ahmed: Former president of Karachi Chamber of Commerce. He is the beneficiary owner of Global Link Properties Inc. along with his relatives Imran Shaukat, Rashid Bashir and Khurshid Ahmed Sheikh.

Saba Obaid: Mother of Oscar-winning Pakistani filmmaker Sharmeen Obaid Chinoy. She owns three offshore companies named Fabrics International Services Limited, Belize Group Limited and Bella Holding Group Limited.

Izzat Majeed: A dual-national Pakistani who owns Sachal Studios Orchestra in Pakistan. He is beneficial owner of Nativus Resources Limited in British Virgin Islands.

Azfar Hassan: A son of Admiral (Retd.) Muzaffar Hassan. Nabila-Matrix Limited is registered after his name, along with Nadeem Iqbal Saigol.

Mehreen Akbar: The wife of Ghous Akbar. She is a shareholder of four offshore companies named Mark Investment Limited, IMM Gulf Limited, Indigo Properties Limited and Zarmay Investments Ltd, along with her two sisters.

Munir Monnoo: A Karachi-based businessman. He established Clifton Holdings Services Incorporated in Panama to open account in a Swiss bank.

Valliani family: Pakistani family which is renowned as fashion and jewellery designers. The family owns European American, Investments Limited, Polenta Capital, Ikogenia Trust and Emirates Commerce Limited, against the names of Fawaz Valliani, Zehra Valliani and Sameena Valliani.

Earlier, the first installment of Panama Paper carried names of over 200 Pakistanis. Several politicians and their close relatives were also included in the list. Others included businessmen, judges, lawyers and media owners.

According to ICIJ, names of over 400 Pakistanis yet remain to be disclosed and all these faces will be revealed in the upcoming searchable online database on Monday (today).

Using the database, users will be able to search through the original documents of Mossack Fonseca to identify the original owners of offshore companies, who belong to over 200 countries and territories reportedly.

The database, which would probably be the largest document cloud online, will comprise of information  about companies, trusts, foundations and funds established in 21 tax havens including Panama, Hong Kong, United States and British Virgin Islands.

However, the ICIJ will not be releasing personal information of the owners -such as addresses, phone number, passport numbers and email correspondence- to ensure the safety of these people.

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