MQM founder Altaf Hussain's financial situation worsens
- In a letter, MQM chief says he is unable to pay bills and meet other expenses
(Karachi) In his latest statement, MQM founder Altaf Hussain has said that he is facing financial crunch and is unable to pay bills and meet other expenses, local media reported.
As per details, the MQM leader’s deputy Mustafa Azizabadi issued a hand-written letter by Altaf Hussain from the MQM-London’s official Twitter account, appealing for funds and claiming that his financial situation has worsened.
The claims from Altaf Hussain came three weeks after the London High Court’s Deputy High Court Judge Peter Knox issued freezing orders on six properties controlled by the MQM founder, following an application for the takeover of these properties by the MQM-Pakistan.
On October 17, a British court ordered freezing of six trust properties managed by Muttahida Qaumi Movement (MQM) chief Altaf Hussain.
The orders were issued by Deputy High Court Judge Peter Knox. The six properties that have been frozen through a court order include: Abbey View house, High View Gardens first house, Whitchurch Lane first house, Brookfield Avenue house, High View Gardens second house, Whitchurch Lane second house, and the MQM 1st Floor Elizabeth House office.
Under the court directives, the MQM leader and his associates may remain in these properties until a final decision is announced on the lawsuit. However, they cannot be sold.
The case was filed by MQM-Pakistan claiming to be the beneficial owner of these properties. The value of these assets is more than 15 million pounds (about Rs3 billion).
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