Published On: Sun, Aug 6th, 2017

Tens of millions of kilos price of London property might be SEIZED by Pakistani authorities

Sharif, Pakistan’s longest-serving PM, was disqualified by the Supreme Courtroom final week following revelations first revealed in final yr’s Panama Papers linking him to his son’s UK property empire. 

Hassan Sharif, 41, who lives in one in every of his household’s Mayfair residences, is believed to carry no less than 15 flats, homes and places of work in Britain, regardless of having “no declared supply of revenue”. 

Mr Sharif has stated the allegations are a part of a conspiracy towards his father.

A Joint Investigation Workforce in Pakistan discovered Mr Sharif had based quite a lot of firms in London with an amassed lack of greater than £10million, all whereas constructing “an empire of actual property within the UK”, the Occasions reported. 

Investigators stated they subsequently consider that “the build-up of property was by means of irregular means and Hassan Nawaz was used as a proxy to construct up household property”. 

They stated: “It’s a cheap assumption that extra properties within the UK have been held by Hassan in his identify or within the identify of his firms or within the identify of his relations.” 

The investigation will concentrate on the three Mayfair flats owned by the Sharif household, together with Hassan Sharif’s dwelling tackle. 

In addition to the previous prime minister and his son Hassan, his different son Hussain and daughter Maryam are additionally a part of the probe.

Hussain and Maryam used the properties as leverage for a £7m mortgage from Deutsche Financial institution in 2008, the Panama Papers revealed. 

Sharif’s involvement is comparatively minor and never strictly corruption. 

He’s alleged to have acquired £2,000 from his son Hassan’s Dubai-based firm which he didn’t declare, a disqualifying offence underneath the structure. 

Sharif claims he by no means acquired the cash.

Talking in Islamabad on Saturday, the deposed PM stated: “How can I file a tax return on a wage I by no means acquired?”

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