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Thursday Feb 16, 2017

Weakest link of Panama Case to be in focus on Tuesday

ISLAMABAD: The hearing of the Panama Case on Thursday concluded for the week to resume again on Tuesday when the five-member bench of the Supreme Court headed by Justice Asif Saeed Khosa will question the Chairmen of the Federal Board of Revenue (FBR) and the National Accountability Bureau (NAB).

The NAB Chairman will apprise the court on details over why previous cases were close. The FBR Chairman will respond to progress from his end.

This will be the first time that heads of investigating agencies will be appearing before the apex court with complete records of details and progress. 

Hearing adjourned till Tuesday

The hearing for the case was adjourned till Tuesday, February 21. Justice Asif Saeed Khosa said that the hearing will be held thrice a week as the health of one of the members of the bench does not permit a daily hearing.

Justice Azmat Saeed, one of the judges of the bench, is recovering from an angioplasty.

More evidence submitted for London Flats

Counsel for Hussain and Hassan Nawaz, Salman Akram Raja continued his arguments. He submitted service records for Minerva firm,  the holding company for Nescoll and Nielson Enterprises, offshore companies which own the London flats.

Giving details, he added, that a representative for Hussain Nawaz's Minerva firm Faisal Tiwana made an agreement with Arrina company. The counsel submitted transactions conducted by the Minerva Company which included receipts of the Barclays bank.

He said that Maryam Nawaz had remained trustee shareholder after she kept bearer certificates with her from February till July 2006. Registered shares were issued for the firm in July 2016. After the bearer certificates were suspended, Maryam Nawaz's trustee status became invalid, he said.

Justice Azmat Saeed asked who was the director for Neilson and Nescoll.

PML-N trying to sabotage hearing: Imran Khan

Speaking outside the the Supreme Court, Pakistan Tehreek-e-Insaf chief Imran Khan said that the Sharif family was trying to sabotage the hearing. "Their entire argument revolves around two things: the bench is qualified and the case is inadmissible," he said.

He said that it is important for a ruler to be truthful and trustworthy.

Replying to a question he said that he was expecting a verdict in the next few days.

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