KARACHI: Hussain Nawaz Sharif on Monday owned the offshore companies and many apartments under them.
While talking to media Hussain said that he had been living abroad for many years and had invested there. He said that the family members accompanying him had certain privileges under Pakistani laws. He maintained that he had been doing business according to Pakistan’s foreign act and other Pakistani laws including the income tax laws. He said that he was not bound to declare his assets.
He was of the view that he established the offshore companies to legally avoid unnecessary tax.
Hussain said that the business community was in the know of many people who do not need to file their income tax papers if they live abroad for 180 days or more. Those who work abroad, he explained, know the fact that they are not questioned about their source of income.
He said that he had stated this time and again that Pervez Musharraf had extensively probed their business issues but he could not establish anything illegal against them.
Hussain said his family did not indulge in corruption, did not whiten black money and what was earned was through labour. He said they do hard work with honesty, but sadly some people were levelling allegations against them.
Hussain Nawaz said Nawaz Sharif’s name was being used wrongly and all accusations being levelled against him were baseless. “I have already said that my sister Maryam is a trustee of our offshore companies. Her name has been included as a trustee like various other people,” he said adding that a trustee is not the owner.
