UPDATE: FULL LIST OF PAKISTANIS IN PANAMA PAPERS HERE.
The first list of Pakistanis named in the Panama Papers was just the tip of the iceberg. The International Consortium of Investigative Journalists (ICIJ) is all set to publish the database of more than 200,000 offshore entities named in the Panama Papers. But the journalists’ group’s Pakistani representative Umar Cheema has revealed many new names in the second report.
The list includes close associates of top politicians and families of celebrities. Though there are several business personalities as well on the list, they are unlikely to garner much attention. The new set of names includes PTI chief Imran Khan’s financier Zulfi Bokhari; close friends of former President Asif Ali Zardari and MQM chief Altaf Hussain, and mother of Oscar-winner Sharmeen Obaid-Chinoy.
Pakistanis named in Panama Papers
Though Pakistani Prime Minister Nawaz Sharif’s children Hassan Nawaz, Hussain Nawaz, and Maryam Nawaz were named in the first list, the ICIJ admitted later that Nawaz Sharif’s name had appeared due to an editing mistake. His children have been linked to offshore entities, but Nawaz himself doesn’t directly operate any of them. Here are the key people named in the new list:
- Zulfikar Abbas Bokhari: A close aide of Imran Khan. Bokhari owns six offshore companies along with his two sisters. He was smart enough not to give his Pakistani address while incorporating any of the six companies. But one of his sisters had given the address of Islamabad. Zulfi Bokhari’s father was a minister in the interim government in 2008.
- Wamiq Zuberi & Rukhsana Zuberi: Zuberi of Business Recorder and his wife Rukhsana Zuberi (former PPP senator) have also invested in an offshore entity. Wamiq acknowledged that the company was owned by an unnamed person who was killed in Islamabad. The couple stopped investing after they were defrauded.
- Irfan Iqbal Puri: He has strong ties with Altaf Hussain and Asif Ali Zardari. Puri is the owner of three offshore entities named in the Panama Papers. At one point, he had claimed that he was the business partner of Zardari. He had also reportedly submitted surety bonds of one million pounds for the MQM chief Altaf Hussain’s bail.
- Naseer Khan: Naseer is the former health minister in Shaukat Aziz government. He along with his son Muhammad Jibran and his brother Zaffarullah Khan owns Atwood Investments Limited.
- Abdul Sattar Dero: The NRO beneficiary and former MD Port Qasim Authority owns two offshore companies: Destiny Investment Development Limited and Simkins International Limited. Abdul Sattar Dero has close ties with the Zardari family.
- Saba Obaid: She is the mother of Oscar-winning filmmaker Sharmeen Obaid-Chinoy. Saba Obaid owns three offshore companies: Belize Group, Bella Holding Group, and Fabrics International Services Limited. Documents indicate that Fabrics International was established to “receive commission from a toweling/fabric factory in Pakistan.” Notably, Saba Obaid owns a Karachi-based textiles company called Towellers Limited.
- Mehreen Akbar: The wife of Ghous Akbar owns shares in four offshore companies: Mark Investment Limited, IMM Gulf Limited, Indigo Properties Limited and Zarmay Investments Ltd. All the four companies are based in Seychelles. Mehreen’s sisters Mahim and Irum are also shareholders in these entities. Ghous Akbar told media that he had nothing to do with any of these companies.
- Valliani family: Fawaz Valliani, his sister Zehra Valliani and their mother Sameena Valliani have been linked with four companies: Emirates Commerce Limited, Ikogenia Trust, European American Investments Limited, and Polenta Capital. Zehra told media that her brother Fawaz might have formed these entities without her and her mother’s consent.
- Munir Monnoo: The chief of Olympia International along with his son Humayun has set up a company called Clifton Holdings Services Incorporated. Documents suggest that the company’s nature of business is to open accounts in Swiss banks.
- Shaukat Ahmed: The former president of Karachi Chamber of Commerce has been identified as the owner of Seychelles-based Global Link Properties. Other shareholders of the company include Shaukat’s son Imran Shaukat and daughter-in-law. Imran Shaukat is also one of the beneficiary shareholders of Emirates International Holdings Ltd.
- Sajid Mahmood: He is the son of Seth Abid Ali of Lahore. Sajid is the owner of Mossgreen Limited, which is based in the British Virgin Islands. Other shareholders include Ajaz Mahmood, Bushra Azad, and Akbar Mahmood. The family runs more than a dozen companies in Pakistan.
- Tariq Islam: A cousin of former PM Benazir Bhutto, Islam is the owner of Link Investments Limited.
A lot more names are likely to be revealed at 18:00 GMT today, said ICIJ. The upcoming searchable online database will allow people to go through the original documents of Mossack Fonseca to see the owners of offshore companies. However, the ICIJ will not provide personal details of owners such as passport numbers, email addresses, and phone numbers.