Pakistan

ISLAMABAD – After a gap of almost two weeks, the Supreme Court of Pakistan will be in the spotlight again as it will start hearing into the implementation of landmark Panama verdict.

According to Supplementary Cause List of the apex court for today, a three-member bench of the apex court, headed by Justice Ijaz Afzal Khan and comprising Justice Sheikh Azmat Saeed and Justice Ijazul Ahsan, will start its hearing today (Wednesday) at 1:30 pm in the Panama implementation case.

The special bench constituted in the purview of Panama judgement intends to fully implement the order passed out on April 20 in which formation of a Joint Investigation Team was proposed to probe the money trail of Sharif family.

The court appointed Additional Registrar Mohammad Ali as the coordinator who would be responsible for facilitating all communication between the JIT and the Supreme Court bench.

The JIT which would decide the political fate of premier Nawaz Sharif would be headed by an additional director of Federal Investigation Agency (FIA).

In addition to representatives of FIA, member from Intra Services Intelligence, Military Intelligence, Securities and Exchange Commission of Pakistan, State Bank and NAB would also be part of the JIT tasked to probe money trail of Sharif family.

The JIT will present its report to the Supreme Court fortnightly and would be completing the proceedings in sixty days after which a final decision would be made by the apex court whether to disqualify the premier or not.

In its judgement, the Supreme Court had also outlined the scope of the proposed JIT, which would probe how the Gulf Steel Mills in UAE came into being, what led to its sale, what happened to its liabilities, where did its sale proceeds end up, how did they reach Jeddah, Qatar and the UK, whether Hussain Nawaz and Hassan Nawaz in view of their ages at the time had the means to possess and purchase the flats, and whether the sudden appearance of the letters of Hamad Bin Jassim Bin Jaber Al-Thani of the Qatar was a myth or a reality.

The court also asked how bearer shares translated into the four upscale flats in London, who was the real and beneficial owner of Nielsen Enterprises Limited and Nescoll Limited, how did Hill Metal Establishment come into existence, where did the money for Flagship Investment Limited and other companies set up or taken over by Hassan Nawaz and where did the working capital for such companies come from and where do the huge sums running into millions gifted by Hussain Nawaz to the prime minister drop in from, Dawn News reported.