Panama leaks: Benazir Bhutto, Rehman Malik set up firms in UK, Sharjah | Pakistan Today

Panama leaks: Benazir Bhutto, Rehman Malik set up firms in UK, Sharjah

Former Pakistan prime minister late Benazir Bhutto, her aide Abdul Rehman Malik and nephew Hassan Ali Jaffery Bhutto set up a company, Petroline International Inc, in the British Virgin Islands in 2001, according to secret documents of Panamanian law firm.

The Panama leaks further say that the trio was later accused of bribing the Iraqi government to bag contracts under the United Nation’s oil-for-food programme for a similarly named company Petrofine FZC, set up in Sharjah in 2000.

It said Petrofine FZC paid US$ 2 million commission to the regime of Saddam Hussein to win oil contracts worth US$115-145 million.

The record of international law firm Mossack Fonseca’s (MF) reveal that National Accountability Bureau (NAB) in 2006 claimed that Petroline FZC was owned by Bhutto, Malik and Ali Jaffery, but Bhutto and her party, Pakistan People’s Party, denied the charges.



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