Nawaz Sharif quits as Prime Minister after being disqualified by Supreme Court in Panama Papers scandal: State-run PTV.
In a sensational development, Pakistan Supreme Court has disqualified Prime Minister Nawaz Sharif in Panama Papers leak case.
The Supreme Court has also ordered filing of criminal cases against Sharif.
The scandal is about alleged money laundering by Sharif in 1990s, when he twice served as prime minister, to purchase assets in London. The assets surfaced when Panama Papers leak last year revealed that they were managed through offshore companies owned by Sharif’s children.
The assets include four expensive flats in London.
Sharif, who has been the prime minister of Pakistan for a record three time, faces the risk of being disqualified if the court finds him guilty of corruption and money laundering.
He leads Pakistan’s most powerful political family and the ruling PML-N party.