Imran Khan did not declare offshore company, observes chief justice

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ISLAMABAD Nov 14 (TNS): Chief Justice of Pakistan Justice Saqib Nisar observed on Tuesday that Pakistan Tehreek-e-Insaf (PTI) Chairperson Imran Khan declared his London flat but not the offshore company.

He was responding to arguments by Imran’s counsel, Babar Awan, while hearing the disqualification case against the PTI chief and party leader Jahangir Tareen filed by PML-N’s Hanif Abbasi.

Awan informed the three-member bench, headed by the chief justice, that Imran declared the London flat in 2000 via an amnesty scheme.

Responding to the chief justice’s observation that the offshore company was still not declared, Imran’s counsel contended that his client wasn’t the beneficial owner of the company, nor its shareholder which is why it was not declared.

Abbasi seeks the disqualification from Parliament of Tareen and Imran over their alleged non-declaration of assets and ownership of offshore companies.

During the previous hearing on November 9, the chief justice observed that Tareen has already served his punishment according to the law.

Attorney General Ashtar Ausaf Ali presented his arguments before the bench, saying Tareen’s counsel challenged two sections of the Securities and Exchange Commission of Pakistan (SECP) act.

He added that the fine imposed on Tareen by SECP in 2008 for insider trading has been submitted in the national kitty and there is no point objecting to the law after 10 years.

Tareen also provided the court the trust deed regarding a 12-acre property he owns in the United Kingdom.

The case against Imran is related to the bank account detail of his offshore company, Niazi Services Limited.