Published On: Wed, Aug 9th, 2017
Published in Category: International

No legal basis for Pak Govt to seize London properties: Hassan Nawaz

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LONDON: Former Prime Minister Nawaz Sharif’s son Hassan Nawaz Sharif has said the Panama papers investigation and disqualification of his father is a plot “designed to damage the political reputation of my father”.

In an interview with The Times, Hasan Nawaz Sharif said that he has built properties through a “successful business” in London and each and every penny that he has or has invested is legitimate and he fears nothing. It’s understood that Hasan Nawaz was speaking in reference to the upcoming National Accountability Bureau investigation (NAB).

He said that he is the victim of a conspiracy to smear his father on political grounds. Hassan, who works as a commodity and share trader, said that the homes in London were part of a property development business he began after he left university.

“They have been saying that I have a huge empire of properties from corruption and money laundering,” he said. “I did buy and develop and then sell properties through a very successful business.

“At any one time I did not have more than one or two properties, which were leveraged by UK banks. I have not received a penny from my father and I have not sent a penny to him in my life.”

He said that all his businesses had been registered in the UK, he was the sole director and owner of the companies and he had paid all the taxes required. “The whole story is designed to damage the political reputation of my father,” he told The Times.

In its report, The Times said that houses and flats in London worth tens of millions of Pounds could be seized by the Pakistani government after claims that they were bought with the proceeds of corruption linked to Nawaz Sharif but lawyers have said that it will be almost an “impossible task” for the Pakistani government to actually seize these properties because there has never been any concern in the UK and records show that Nawaz Sharif’s sons have broken no law.


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