SC adjourns hearing into Panama Papers case till June 7

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The Joint Investigation Team (JIT) that formed to probe money trail and Sharif Family's offshore wealth has submitted its first 15-day report on Monday to the Supreme Court of Pakistan, ARY News reported.

He asked the JIT to inform the court of any hurdles if created by any institution or if cooperation of any institution is required.

The JIT is headed by Additional Director General (Immigration) of Federal Investigation Agency (FIA) Wajid Zia, while the other members of the JIT include State Bank of Pakistan (SBP)'s Amir Aziz, National Accountability Bureau (NAB)'s Irfan Naeem Mangi, Securities & Exchange Commission of Pakistan (SECP)'s Bilal Rasool, Inter Services Intelligence (ISI)'s Brigadier Muhammed Noman Saeed and Military Intelligence (MI)'s Brigadier Kamran Khursheed.

The court warned JIT chief Wajid Zia that no additional time would be given to the team.

During proceedings, PTI's counsel Fawad Chaudhry requested that the JIT finding report be shared with them, which the bench dismissed.

"We are not dissatisfied with the investigation", said Justice Azmat Saeed Sheikh, one of three member panel of judges overseeing the probe.

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The bench remarked that the court knew well how to have its orders implemented, stressing that it was the court's order to complete the report in the stipulated time.

"The court will neither defy law nor it will sell it for fame", he added.

The sealed report was in two parts. The minister said PTI has once again tried to put an unconstitutional demand before the court which was rejected. JIT will have jurisdiction to travel overseas for investigation.

Sharif narrowly survived in three-two judgement in his favour in allegations of corruption in the Panama Papers case.

Opposition parties in Pakistan saw offshore companies owned by daughter and two sons of PM Nawaz as means to either stash wealth in foreign accounts or purchase assets overseas.

The hearing was then adjourned to reconvene on the 7th of June.

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