The Panama president has an offshore company in Pakistan. Also owns a flat in Karachi.
Panama City: According to an un-leaked set of papers which were to be leaked along with the notorious Panama Papers (but weren’t), the president of Panama, Jean-Claude Van Damme, has an off-shore company in Pakistan.
He also owns an expensive flat in Karachi.
This news was broken by one of Panama’s leading media groups, the Panama Leading Media Group (PLMG).
According to the newspapers and TV channel owned by the PLMG, President Damme, who came to power after the 2014 presidential election, opened an offshore company in Lahore in December 2014. The report also claimed that he owned an expensive flat in Karachi.
But the flat was bought by Damme in 1979 when he had arrived in Karachi to play in a local Karachi football league for the Malir All Star Football Club.
He had bought the flat (in Karachi’s expensive Clifton area) for 70,000 Panama Rupees. The flat is now worth at least 7.7 million Panama Rupees.