Pakistani P.M. gets reprieve over shady offshore deals

Apr 20, 2017, 7:04 AM EDT
Pakistan's Prime Minister Nawaz Sharif
(Source: Neal Bhai/flickr)

Pakistan’s Supreme Court on Thursday ruled that there is insufficient evidence to remove Prime Minister Nawaz Sharif from office over allegations that he and his family owned offshore bank accounts and conducted shady business dealings.

The court launched the probe late last year after a set of documents from “the Panama Paper leaks” revealed that Sharif’s children were listed as beneficiaries for three companies registered in the British Virgin Islands, writes Al Jazeera.

In its latest verdict, the court has ordered a high-level investigation into money transfers even as Sharif insisted that the offshore wealth owned by his family is acquired legally through legitimate business deals, notes the BBC.