LONDON, November 19, 2024: The Sharif family has issued a statement following a recent UK court ruling that declared Hasan Nawaz, the son of former Prime Minister Nawaz Sharif, bankrupt.
The family’s spokesperson emphasized that, under UK law, companies are not required to pay taxes during bankruptcy, a stance that was upheld in the court’s decision regarding Hasan Nawaz’s financial case.
The London High Court declared Hasan Nawaz bankrupt in relation to a tax and liability matter.
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Individuals declared bankrupt are prohibited from acting as company directors or being involved in company management unless they obtain court permission.
Despite his bankruptcy status, Hasan Nawaz remains a director of several companies in the UK.
The spokesperson also provided a historical context, explaining that the Sharif family’s financial struggles began in 1972, when the industrial nationalization policy under then-Prime Minister Zulfikar Ali Bhutto severely impacted their businesses.
The family faced further financial difficulties during General Pervez Musharraf’s rule, including the confiscation of their homes and the sealing of their factories.
Additionally, the spokesperson referred to the tenure of former Chief Justice Saqib Nisar, during which the Sharif family’s industries were allegedly targeted and destroyed.
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The family claims that these repeated financial setbacks were part of a deliberate effort to penalize them.
In conclusion, the Sharif family reiterated their long-standing commitment to Pakistan, stating that despite enduring significant personal financial losses, they have always prioritized the country’s interests and principles above all else.