ISLAMABAD (Web Desk) – Ministry of Law and Justice has notified Terms of Reference of the proposed Commission of Inquiry to inquire into matters arising out of Panama Papers.

It will examine information relating to involvement of Pakistani citizens, persons of Pakistan origin and legal entities in off-shore companies in Panama or in any other country.

The Commission will also inquire into involvement of former and present holders of public office in writing off their own bank loans or those of their immediate family members through political influence; and, transfer from Pakistan of funds which have originated from corruption, commissions or kickbacks.

It will be assisted by all the concerned authorities of the Federal and Provincial Governments.

Proceedings before the Commission shall be deemed to be a judicial proceeding under sections 193 and 228 of the Pakistan Penal Code.