[vc_row][vc_column][vc_column_text dp_text_size=”size-4″]The Panama Papers controversy has taken a significant turn, implicating Pakistan Tehreek-e-Insaf (PTI) President Chaudhry Pervaiz Elahi and his son, Moonis Elahi,
This revelation has prompted the Federal Investigation Authority (FIA) to launch a case against the former Punjab chief minister, anticipating his imminent arrest.
The charges against Pervaiz and Moonis involve fraud, money laundering, and corruption. Allegedly, the father-son duo concealed substantial sums in five Panama-based companies, with Pervaiz Elahi employing apparent money laundering techniques to acquire these entities. FIA has uncovered substantial evidence of illicit fund transfers from Pakistan to offshore accounts.
Read more : Parvez Elahis Remand Extended For Two Days
Moonis Elahi, a former member of the National and Punjab assemblies from 2004 to 2023, is accused of engaging in corruption through his frontman, Jabran Khan. He allegedly exploited his position for corrupt and money laundering activities, with his father’s assistance.
Pervaiz Elahi’s significant roles in the Punjab and National assemblies over the past two decades add weight to these allegations. Meanwhile, Moonis Elahi is accused of money laundering, allegedly acquired through corruption and kickbacks.
The First Information Report (FIR) filed by FIA details Moonis transferring funds abroad through various offshore and shell companies, intensifying the scrutiny into his financial dealings.
In response to these serious allegations, FIA plans to issue a red notice against Moonis Elahi to facilitate his apprehension and extradition. Simultaneously, authorities will continue probing the case for additional details.
Moonis Elahi is reportedly evading authorities and is believed to be on the run from the country, fearing ongoing investigations against him.
The Panama Papers scandal, surfacing in 2016, laid bare the global scale of tax evasion and money laundering via offshore accounts. Its ramifications have been profound for politicians, business leaders, and public figures worldwide. In Pakistan, it has significantly impacted power structures and accountability within the political landscape.[/vc_column_text][/vc_column][/vc_row]
