panama papers case

China's economic planning body, the NDRC, has effectively halted Meta's $2 billion acquisition of AI firm Manus. Despite the company reincorporating in Singapore and moving its operations, Beijing intervened, barring founders from leaving and ordering the deal unwound. This move signals a significant shift in China's oversight of tech deals, impacting future foreign investments.

After the Supreme Court resumed hearing the petitions, Sharif said he had paid all his taxes and declared all his assets in 2013 and that none of his children was dependent on him. The court decided that a single-member commission would be formed to probe revelations made in the Panama Papers.

However, the court acquitted him in another case related to investments in the United Kingdom and imposed a fine of 1.6 million pounds. His sons, Hassan and Hussain Nawaz were declared absconders for failing to face the charges against them.

Madhya Pradesh chief minister Shivraj Singh Chouhan's son Kartikey filed a criminal defamation suit against Rahul Gandhi, accusing the Congress leader of intentionally making a false allegation about his name being in Panama Papers of alleged tax evaders.

Nawaz Sharif's counsel maintained that there are similarities in the cases, and since Judge Bashir's viewpoint on those points is already in the open, a request for a new judge was made.

Pointing to the opposition parties who have been demanding his resignation following the release of the report, Sharif said: "The people of Pakistan have elected me and only they can remove me from this post."

Pakistan's Supreme Court on Monday dismissed the country's anti-graft body's appeal against the suspension of the jail sentences of ousted PM Nawaz Sharif and his family in the Avenfield corruption case. In July 2018, an accountability court handed Sharif 10 years as jail time for owning assets beyond known income and 1 year for not cooperating with the NAB.

The Pakistan Supreme Court will announce its verdict on the 'Panamagate' case on Friday, according to the court registrar.

Yousuf Abbas and Abdul Aziz Abbas were going to Saudi Arabia to perform Haj when they were offloaded on Thursday from the Madina-bound flight at Allama Iqbal International Airport on the request of the National Accountability Bureau (NAB).

Bollywood actor Aishwarya Rai Bachchan was questioned by the Enforcement Directorate (ED) on Monday at its headquarters in central Delhi in a case linked to the 2016 ‘Panama Papers’ case. She is facing money laundering allegations for her involvement in an offshore entity/trust.

The finance ministry on Thursday said the fresh revelations under the 'Panama Paper leaks' are being looked into by the Multi Agency Group (MAG), which includes the tax department and the Reserve Bank of India.

An additional district and sessions court here issued notices to Pakistan Prime Minister Imran Khan on an application, moved by opposition leader Shahbaz Sharif seeking early hearing of his Rs 10 billion suit for damages under Defamation Ordinance, 2002. Sharif had filed the suit in 2017 when Khan, in a press conference, had stated that the plaintiff had offered him Rs 10 billion through a common friend in exchange of withdrawing the panama papers case before the Supreme Court, Dawn reported.

Asked whether information linked to the allegations against Bachchan was being pursued, an official said: "Mr Bachchan has said he does not own any of the firms named in the documents. So we just can't launch a probe. We have to seek information."

An accountability court on Wednesday extended Pakistan Muslim League-Nawaz Vice President Maryam Nawaz's remand by 14 days in the alleged money laundering and income beyond means case. Maryam, 45, and her cousin Yousuf Abbashad appeared before the accountability court in connection with the Chaudhry Sugar Mills case, where she is a major stakeholder.