Panama Case: SBP, SECP heads to appear before SC today

05 May, 2017 8:03 am

ISLAMABAD (92 News) – The heads of State Bank of Pakistan (SBP) and Securities and Exchange Commission Pakistan (SECP) will today (Friday) appear before the Supreme Court over a list of nominees submitted for a Joint Investigation Team (JIT) probing into the Panamagate case.

A three-member bench of the Supreme Court will resume hearing of the Panama Case to help constitute the Joint Investigation Team (JIT) to probe Prime Minister Nawaz Sharif and his family’s alleged corruption in the Panama Papers case.

The Supreme Court had summoned the heads of State Bank of Pakistan (SBP) and Securities and Exchange Commission Pakistan (SECP) over a list of nominees submitted for a Joint Investigation Team (JIT) to probe Prime Minister Nawaz Sharif and his family’s alleged corruption in the Panama Papers case.

The apex court had rejected the names presented by the State Bank of Pakistan (SBP) and Securities and Exchange Commission Pakistan (SECP).

Earlier, the Supreme Court additional registrar Mohammad Ali was appointed as the coordinator and would be responsible for facilitating all communication between the JIT and the Supreme Court bench.

The six-member JIT would be constituted at the earliest, as Justice Ejaz Afzal, who is a main member of the Supreme Court bench, has returned from Turkey.


The names for the JIT have already sent to the court comprising of the representatives from Federal Investigation Agency (FIA), Inter-Services Intelligence (ISI), Military Intelligence (MI), State Bank of Pakistan (SBP), National Accountability Bureau (NAB) and Securities and Exchange Commission of Pakistan (SECP).

In its judgment, the apex court had ordered the formation of the JIT to probe offshore assets of the prime minister and his two sons.

Nawaz Sharif had got a temporary breather from the Supreme Court which said there was “insufficient evidence” to remove him from office but ordered setting up of a JIT to probe the graft allegations against his family.




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