Panama Papers scandal: opposition turns seven questions into 70 in a matter of hours
The opposition will submit today as many as 70 questions in the National Assembly for seeking replies from Prime Minister Nawaz Sharif. According to sources, leader of Opposition in the National Assembly Syed Khursheed Ahmed Shah will submit a draft of 70 questions in the Lower House of the Parliament during his speech for seeking their answers from the Prime Minister.
Most of the questions relate to "misappropriation" of $30 Million loan facility from Faysal Bank, use of Hawala Dealers for purchase of property being held by the Sharif family at Park Lane, London, UK, alleged money laundering of Rs 145,056 million through illegal Hawala/Hundi means by Nawaz Sharif Family, offshore companies owned by Nawaz Sharif's Family/their Associates, luxury suites at Park Lane, London UK, alleged transferring of huge amounts of laundered into offshore accounts, and alleged misappropriation of $30 million loan facility from Faysal Bank.
The following are questions:
I. "Use of Hawala Dealers for Purchase of the Property being held by Sharif Family at Park Lane, London, UK.
1. Isn't it a fact that according to the testimony of 2 Peshawar Hawala dealers (Khaista Khan and Jamshed Khan), the Sharif family illegally sends funds abroad regularly which were to be converted into foreign exchange?
2. Isn't it true that Mr Khalid Siraj, your first cousin and business partner, has disclosed in a statement the Sharif family's misdeeds and the transfer of funds abroad and the purchase of assets overseas?
3. Isn't it a fact that between 1988 and 1991, an amount of Rs 56.896 million was sent out of the country?
4. Wouldn't you admit that during 1988, $75,80,000 were remitted from the Bank of Oman, Sharjah to the Bank of Oman, Lahore and against this money Foreign Exchange Bearer Certificates (FEBC) worth Rs 145.06 million were distributed among close relatives/members/partners of your family?
5. Isn't it true that during the period of 1988 and 1991, money laundering of Rs 145.056 million was done by you and your family, while you only paid Rs 897 as Income Tax, therefore, it is obvious that the objectives of sending money through Hawala/Hundi Operation were:
i. To avoid inquiry/investigation of FEBC, money trail in and out of Pakistan and to whiten the black money of Sharif family as the source of illegal money cannot be investigated because when someone buys FEBCs, the money used in purchase of FEBC is termed as "white". Resultantly, the buyers of FEBCs could evade Income Tax & Wealth Taxes as FEBCs are not treated as taxable and the purchaser(s) of FEBCs succeed to earn high rates of interest on FEBCs and subsequently to transfer/launder this amount abroad easily.
ii. Isn't it true that the FEBC was purposely introduced by your government in your first tenure as Prime Minister so that laundered money should not be questioned and the prime objective of introducing FEBC was to benefit your family businesses and your partners/associates/accomplices?
iii. Isn`t it true that due to your personal direction on the FEBCs Scheme huge loss to the national exchequer has been caused and it provided a "Legal Cover" to the corrupt mafia, tax evaders/tax thieves and to those who could accumulate huge assets through their unfair means.
II. Money Laundering of Amount Rs 145,056 Million through illegal Hawala/Hundi means by Nawaz Sharif Family.
6. Isn't it true that Khaista Khan and Jamshed Khan, the Hawala/Hundi dealers from Peshawar, were engaged by you and your family to siphon large amounts of funds of your family through bank accounts of the dealers located in Peshawar?
7. Isn't it a fact that according to your first cousin Khlaid Siraj, initially an amount of over Rs 140 Million was transferred to Bank of Oman, Sharjah from Pakistan through Hawala/Hundi and later the same amount was credited to Shamrock Consulting Corporation in its Allied Bank Stock Exchange London Branch?
8. Wouldn't you agree that the said amount was used in the purchase of Park Lane Apartments during 1993-96?
9. Isn't it correct that the above said money was sent from Pakistan to the Bank of Oman in the United Arab Emirates, and elsewhere and the same money was used for converting it into foreign exchange currency and then repatriated through remittances in the name of 43 Sharif family members (which include your brother, sister, mother, sister-in-law and children of various ages) as per the details given below?;
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S. No Name Address Amount (in Rs)
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1 Shaista Abbas 180/181-H, Model Town, Lahore 5,660,000
2 Abbas Sharif 180/181-H, Model Town, Lahore 1,000,000
3 Nusrat Shahbaz 180/181-H, Model Town, Lahore 4,500,000
4 Mohammad Abbas 180/181-H, Model Town, Lahore 2,000,000
5 Shamin Akhtar 180/181-H, Model Town, Lahore 3,000,000
6 Sadar Begum 182-H, Model Town, Lahore 5,660,000
7 Tariq Shaif 182-H, Model Town, Lahore 2,000,000
8 Naseem Tariq 182-H, Model Town, Lahore 2,000,000
9 Javed Shaif 182-H, Model Town, Lahore 1,000,000
10 Kaukab Javed 182-H, Model Town, Lahore 3,000,00
11 Zahid Shafi 182-H, Model Town, Lahore 3,000,000
12 Farzana Zahid 182-H, Model Town, Lahore 3,000,000
13 Pervaiz Shafi 182-H, Model Town, Lahore 3,000,000
14 Khalida Pervaiz 182-H, Model Town, Lahore 3,000,000
15 Shahid Shafi 182-H, Model Town, Lahore 2,000,000
16 Samreen Shahid 182-H, Model Town, Lahore 3,000,000
17 Bano Begum 183-H, Model Town, Lahore 5,660,000
18 Riaz Miraj 183-H, Model Town, Lahore 3,000,000
19 Yasmin Riaz 183-H, Model Town, Lahore 4,500,000
20 Ilyas Miraj 183-H, Model Town, Lahore 3,000,000
21 Shehzadi Ilyas 183-H, Model Town, Lahore 2,000,000
22 Ijaz Miraj 183-H, Model Town, Lahore 3,000,000
23 Hanifa Begum 184-H, Model Town, Lahore 5,660,000
24 Yahya Siraj 184-H, Model Town, Lahore 3,000,000
25 Neelofar Yahya 184-H, Model Town, Lahore 3,000,000
26 Khalid Siraj 184-H, Model Town, Lahore 2,000,000
27 Rehana Khalid 184-H, Model Town, Lahore 4,500,000
28 Farrukh Siraj 184-H, Model Town, Lahore 3,000,000
29 Shamin Begum 185-H, Model Town, Lahore 5,660,000
30 Farooq Barkat 185-H, Model Town, Lahore 2,000,000
31 Azmat Farooq 185-H, Model Town, Lahore 3,000,000
32 Iqal Barkat 185-H, Model Town, Lahore 2,000,000
33 Abida Iqbal 185-H, Model Town, Lahore 4,500,000
34 Hassan Barkat 185-H, Model Town, Lahore 3,000,000
35 Hussain Barkat 185-H, Model Town, Lahore 4,000,000
36 Maqsooda Begum 186-H, Model Town, Lahore 5,660,000
37 Yusaf Aziz 186-H, Model Town, Lahore 3,000,000
38 Kausar Yusaf 186-H, Model Town, Lahore 4,500,000
39 Aslam Bashir 186-H, Model Town, Lahore 3,161,500
40 Farrah Aslam 186-H, Model Town, Lahore 6,899,000
41 Idrees Bashir 186-H, Model Town, Lahore 1,000,000
42 Mahmoona Idrees 186-H, Model Town, Lahore 2,000,000
43 Mohammad Tayyib 63-H, Model Town, Lahore 35,000
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III. Offshore Companies Owned by Nawaz Sharif Family/Their Associates.
10. Isn't it a fact Prime Minister that the World Bank(WB) and United Nations Office of Drug & Crime(UNODC), jointly initiated a report for Stolen Asset Recovery/implicating you vide Case Control No 147 finding you liable under United Nations Convention Against Corruption (UNCAC) Articles 17 and 23, for which Pakistan is also Signatory. It is worth mentioning that some of the Offshore Companies of Nawaz Sharif Family:
i. Nescoll Limited
ii. Nielsen Enterprises Limited
iii. Shamrock
iv. Chadron Jersey Pvt Ltd
v. Minerva Ind
vi. Flagship Holdings
11. Isn't it correct that the above said Offshore Companies surfaced through Panama Leaks, of which you were directly a beneficial owner and that these Offshore Companies were established during your official tenure as Prime Minister in 1993?
12. Is it not correct that some of these offshore companies have been named in the Panama Leaks as being owned by your daughter, Maryam Nawaz?
13. Is it not a fact that in the years 2011 and 2012 you have shown that daughter as your dependent with no income of her own, and does that not make her properties as your own in benami form?
14. Is it also not correct that according to WB and UNODC Report, being a Prime Minister(from 1990-1993), you remained involved in embezzlement and money laundering personally and through members of your family, cronies, your political associates and other close aides?
15. Isn't it correct that the gist of WB & UNODC Reports was that you along with your close aides directed following amounts;
i. $60 million in Highways contracts to the above said companies owned by you or your associates.
ii. Secured $140 million in unsecured loans from Pakistan's state bank on behalf of companies owned by you or your associates.
iii. $60 million from government rebates on sugar exported by mills controlled by Mr Sharif and his associates.
iv. $58 million from inflated prices paid for imported Wheat from the US and Canada to your companies or your associates of various entities.
16. Isn't it true that record indicates that Maryam Nawaz, your daughter, is the beneficial owner of two companies which were set-up in 1993-94 and during the establishment of these offshore companies the ages of Maryam Nawaz, Hussain Nawaz and Hassan Nawaz were below the age of maturity (less than 18 years of age)?
17. Isn't it true that according to investigation, the actual owner/beneficiary of the above said companies was you who injected huge sums of money through Hawala/Hundi during your time in Public Offices and later on this money was never declared in your tax or electoral returns and this plundered money was later used to purchase properties in New Zealand, Spain, Belgium, France, the UK, USA, KSA and UAE etc?
18. Isn't it true that Maryam Nawaz is also shareholder of another company jointly owned by Husain Nawaz? Isn't it true that Hassan is sole owner of yet another offshore holding? Isn't it true that the companies have last been used for purchasing 6 properties in London during 2007-8?
19. Isn't it true that Nescoll Limited, Nielson Holdings Limited, Coomber Group Inc, and Hangon Property Holdings Limited are 4 companies owned by Maryam, Hussain and Hassan.
20. Isn't it true details shared with BVI administration declare Maryam the sole beneficial owner and the "family business" has been described as source of funds whereas Saroor Palace (Jeddah) address has been mentioned?
21. Isn't it true that the source of income shown clearly contradicted the stance made by Sharif Family as it was laundered from Pakistan through illegal means?
22. Isn't it true that as many as 6 properties were purchased in London during 2007 and 2008 through these offshore companies.
23. Is it not correct that Nescol, Nielsen and Coomber entered into a mortgage deal of seven million pounds with a Swiss bank, Deutsche Bank (Suisse) SA, for 4 properties?
24. Is it not true that Hangon Company itself was purchased along with its stock in 5.5 million pounds by Hassan Nawaz in 2007 from a Liberian citizen?
25. Isn't it true that the oldest company among the four is Nescoll Limited and it was registered on January 27, 1993, six-month before you stepped down as prime minister?
26. Isn't it also true that Nielson Holdings Limited was incorporated on April 14, 1994 and both of them subscribed the services of Mossack Fonseca on July 26, 2006 and Minerva Services Limited, a British Virgin Island based corporate service provider, acted as proxy shareholder being represented through Neel Sehai and Mark Andrew?
27. Isn't it true that Mossack Fonseca was their administrator when Nescoll, Nielson and Coomber obtained mortgage of seven millions pound from the Swiss bank through these companies?
28. Isn't it true that Maryam is the sole beneficial owner of Nescoll and Nielson, Coomber is jointly owned by Maryam and Hussain?
29. Isn't it true that in the meanwhile, Bank of Scotland sanctioned a loan of unknown amount to Hassan-owned Hangon for the purchase of property at 1 Hyde Park Place, London, W2?
30. Isn't it true that as for as the secret ownership of Nescoll and Nielson is concerned, it remained unknown until June 22, 2012 when the companies' service provider had to answer the inquiry of the Financial Investigation Authority of BVI administration demanding the identity of the real beneficial owner and the sources of funding and the Reply sent in compliance, found Maryam as the beneficial owner of both companies and family business described as the source of funding?
31. Isn't it true that Hassan transferred company to another agent from Mossack Fonseca in 2008, the activities that followed couldn't be found in the leaked record, the remaining three companies also changed their agent in 2014 hence the post-transfer business remains unknown?
IV. Luxury Suites at Park Lane, London UK.
32. Isn't it correct that during the course of investigation, it has transpired that luxury suites Nos 16, 16a, 17 and 17a at Avenfield House, Park Lane, London are owned by the above said Offshore companies namely, Nielsen Enterprises Limited and Nescoll Limited, and both these offshore companies are registered in British Virgin Island (BVI)?
33. Isn't it correct that as per report of WB and UNODC joint initiative for Stolen Asset Recovery you were declared as the Beneficial Owner (BO) of these offshores companies namely Nescoll, Nielson, Shamrock and Chandron Jersey Pvt Ltd?
34. Isn't it a fact that since 1993, you, your wife, Hussain Nawaz, Maryam Nawaz, Hassan Nawaz have been residing at these suites?
35. Wouldn't you admit that the London solicitors Dibb Lupton Boroomhead, manages these properties and pays the utility bills and council rates and this has been done on the instruction of Mr Urs Specker of Ansbacher Trustees AG, Zurich Switzerland - a nominee of both the aforesaid offshore companies?
36. Isn't it true that Mr Urs Specker takes instructions/directions from Hans-Rudolph Wegmuller of Zurich, a director of Banque Paribas es Suisse and Asnbacher (Schwiez) AG, who deals directly with you? Wouldn`t you agree further that Mr Wegmuller manages Sharif's $50 million overseas investments and the value of the London properties of Sharif Family is in the tune of Billion of Rupees?
37. Wouldn't you agree that the documentary evidence recovered at appendix 'i' to 'iv' established beyond doubt the link between the suites at Avenfield and Sharif Family?
38. Isn't it a fact that according to documents the apartment no 17 Avenfield House 118 Park Lane, London was bought at June 1, 1993 whereas the age of Hassan Nawaz was 17 years as per his official DoB record(Jan, 1976)?
39. Wouldn't you agree that the three remaining apartments {16 and 16a Avenfield house) were bought, on July 31, 1995 by Nielsen, whereas apartment 17a Avenfield house park Lane was bought on July 23, 1996?
40. Isn`t it a fact that the other apartment no 12a was bought on January 2004 by Hassan Nawaz?
41. Isn't it correct that when these apartments were bought in the names of your minor children they were college going and at the same time your tax returns showed as follows;
========================================================
Assessment Declared Assessed Wealth Tax Tax
Year Income Income /Zakat Paid
========================================================
1992-93 5,521 2,47,238 6,621 2,680
1993-94 1,55,809 1.17.551 Pending 14,898
1994-95 NIL
1995-96 477
1996-97 NIL
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V. Money Laundering.
42. Isn't it true that after having established a solid Monetary Foreign Exchange Base abroad, you then took steps to convert your black money into white money under the facility of Economic Reforms Act 1992 and to do so, you utilized the services of Javed Kayani, a nephew of your closest friend Sheikh Saeed from Washington and a Director of Rai Textile Mills, Arooj Textile Mills, and Chanar Sugar Mills?
43. Wouldn't you agree that in August 1992, Javed Kayani opened 3 foreign currency accounts in the name of Sulman Zia, Mohammad Ramzan and Asghar Ali at Habib Bank AG Zurich, Lahore with deposits of less than $300 each and the purpose of these accounts was to launder funds from overseas for use as collateral against loans to be extended to Sharif family companies?
44. Isn't it true that during the course of Investigation, it has been revealed that these individuals do not exist and their ID cards were fictitious and Foreign exchange and travellers cheques worth US $37,94,762 were deposited in those accounts on the basis of which Dollar Bearer Certificates (DBCs) worth US $49,20,000 million were issued?
45. Wouldn't you agree that as a next step, Javed Kayani then opened more fake accounts in the name of Kashif Masood Qazi and Mrs Nuzhat Gohar Qazi at the Bank of America, Lahore and Sikandara Masood Qazi at Citibank, Lahore? Wouldn't you further agree that these individuals are genuine but they are UK nationals who never visited Pakistan during the time when their foreign currency accounts were opened at Lahore in Pakistan and they are closely known to Mr Ishaq Dar, who is the financial mastermind behind you?
46. Isn't it a fact that DBCs of US $1.5 million were deposited in the accounts of Kashif Masood Qazi and Sikandra Masood Qazi and later $5,00,000 in the account of Nuzhat Gohar Qazi was transferred to the account of Kashif Masood Qazi?
47. Isn't it true that Bank of America and Citibank were then pressurised into sanctioning substantial loans in respect of Hudaibiya Engineering (Pvt) Limited and Hudaibiya Paper Mills Limited, companies owned by the Sharif Family against the cash deposits in the Qazi accounts?
48. Wouldn't you concede that the inner relationship between Javed Kayani and the fake accounts of Sulman Zia, M. Ramzan and Asghar Ali at Habib Bank AG Zurich, Lahore and of Kashif Masood Qazi and Nuzhat Gohar Qazi at Bank of America Lahore and of Sikandra Masood Qazi at Citibank, Lahore stands established through unchallengeable incriminating evidence and bank records?
49. Isn't it a fact that you are the beneficiary of transactions, made from the fake account of Suleman Zia at Habib Bank AG Zurich to the bank account named Shamrock Consulting Corporation, which is incorporated in the British Virgin Island, that also has an account at Lloyds Bank, Stock Exchange Branch, London?
50. Wouldn't you admit that the strict banking and corporate secrecy laws of Caribbean states such as the British Virgin Islands make them a favoured destination of illegal wealth? These transfers were as follows:
===========================
DATE AMOUNT
===========================
03-01-93 $ 1,05,000
06-01-93 $ 1,05,000
01-02-93 $ 95,000
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TOTAL $ 3,50,000
===========================
51. Isn't it true that according to the testimony of the handwriting expert, Sulman Zia's signature on the transfer instructions was written by Javed Kayani and these amounts were all paid into Shamrock Consulting Account Number 121-35914 at: Lloyds Bank Plc. Old Street, London? Isn`t it also true that the money received by Shamrock Consulting was then transferred to an account in Zurich at Banque Paribas en Suisse in 2 trenches - $2,00,000 on 3 February 1993 and $1,50,000 on 26 February, 1993?
52. Isn't it true that during the course of investigation it transpired that the Shamrock Consulting account at Lloyds Bank is orchestrated by Mr Urs Specker, President of Ansbacher Trustees AG in Switzerland and a Germany Manager of Ansbacher (Schweiz) AG?
53. Isn't it true that the address of Shamrock Consulting in the bank's file is c/o Ansbacher Switzerland Limited, Muhlebachsrrasse, PO Box 41, CH-8032 Zurich. Isn`t it also true that Urs Specker is a signatory for several nominee companies of which the Sharif family are the beneficial owners?
54. Wouldn't you admit that the total asset value of these companies exceeds $50 million and that Urs Specker takes his instructions from Mr Hans-Rudolf Wegmuller, who is also a Director of Ansbacher (Schweiz) and a Banque Paribas en Suisse? Wouldn`t you further admit that Wegmuller deals directly with "Mian Sharif" and that Wegmuller and Specker also exercise control over 4 luxury suites occupying on floor of an apartment block on London's prestigious and most expensive Park Lane?
55. Isn't it a fact that Total Payments worth $20,81,038 were paid into the fake account of Sulman Zia (Account 202120-106561) with the following break down;
i. $7,00,000 in travellers cheques on 4 October 1994.
ii. $7,50,000 in travellers cheques on 8 October 1992 by the Saudi Holland Bank, Riyadh.
iii. $1,06,297 transferred from the Karachi Branch of France's Societe General bank on 30 December 1992.
iv. $1,49,081 from Union Bank of Switzerland on 5 January 1993.
v. $94,405 from Union Bank of Switzerland on 6 January 1993.
vi. $1,00,000 in travellers cheques on 28 April 1993
vii. $1,00,000 in travellers cheques on 8 May 1993.
viii. $79,924 from Habib Bank AG Zurich in Switzerland on 21 June, 1993.?
56. Isn't it a fact that all US dollar travellers' cheques have to be cleared in New York and the transfer to Sulman Zia's account of the above traveller cheques to the tune of $1.65 million was confirmed by the US authorities at the request of the FIA and by bank records? Isn`t it also a fact that the entire activity in this account was carried out by Javed Kayani in his own hand writing and Finances lodged in the Sulman Zia's account were disbursed to Javed Kayani, members of his family and an offshore company called Sharmock Consultant Corporation? Isn`t it also a fact that they were also used to raise Dollar Bearer Certificate (DBCs) that formed collateral to a loan amounting to Rs 60 million provided by Hudabiya Engineering Limited, whose Director are members of your family. Isn`t it also a fact that the out-going payment from the Sulman Zia account clearly established its link to Javed Kayani and Sheikh Saeed, namely:
i. $3,900 To Marium Begum Kayani's account number 202-120-101265 at the Habib Bank, AG Zurich, Lahore, on 28 September 1993.
ii. $8,114 to Javed Kayani's account number 202-120-101265 on 28 September 1993.
iii. $62,610 to Star Trading and Marine Incorporated in New York on 4 July 1993. This is a company owned by Sheikh Saeed.
iv. A amount of $7,50,000 in the form of DBCs was transferred from the fake account of Sulman Zia to account number 230133-91 in the name of Kashif Masood Qazi at the Lahore Branch of Bank of America. (Kashif Masood Qazi is a UK national who runs a small clothing business in London. He is nephew of Ishaque Dar, who formerly worked for the Sharif family company Ittefaq Brothers Limited and ins not Finance Minister in the Cabinet of Prime Minister Mian Nawaz Sharif).
v. A sum of $750,000 was also transferred to the account of Kashif Masood Qazi from a fake account at Habib Bank AG Zurich in the name of Mohammad Ramzan.
vi. A further amount of $5,00,000 was transferred to the account of Kashif Masood Qazi from the account of Nuzhat Gohar Qazi at the same branch of Bank of America who is sister of Ishaque Dar.
57. Wouldn't you agree with the fact that the address of Ishaque Dar at Lahore was used in the account opening forms of Bank of America and both Kashif Masood Qazi and Nuzhat Gohar Qazi reside in the UK and neither was present in Pakistan at the time the accounts in their names were opened? Isn`t it true that the handwriting analysis shows that the accounts were opened and operated by Javed Kayani and in total $20,00,000 was paid into the account of Kashif Masood Qazi and the money was used as collateral against a loan worth Rs 60 million obtained by Hudabiya Engineering Private Limited from the Bank of America? Wouldn't you further agree that the directors of Hudabiya Engineering include:
===========================================================
Mian Hussain Nawaz Sharif Son of Mian Nawaz Sharif
Mrs Mian Nawaz Sharif Wife of of Mian Nawaz Sharif
Mian Shahbaz Sharif Brother of Mian Nawaz Sharif
Mian Abbas Sharif Brother of Mian Nawaz Sharif
Mian Mohammad Sharif Father of Mian Nawaz Sharif
===========================================================
v. Mian Mohammad Sharif Father of Mian Nawaz Sharif
58. Isn't it evident from these transactions that the ultimate beneficiary of money laundering from Switzerland via the fake account of Sulman Zia was the immediate family of Hussain Nawaz Sharif? Isn`t it true that the link between the Sulman Zia account, Kashif Masood Qazi and the Sharif family's Hudabiya Engineering Company can be proved beyond any doubt?
59. A copy of the opening form for the Mohammad Ramzan account number 202-120-106578 and a record of its activities is appended at "ANNEXURE-G". According to handwriting analysis, the form was signed by Javed Kayani. Payments into the Mohammad Ramzan account include;
(1) $2,00,000 in travellers cheques issued by the National Bank of Abu Dhabi on 6 May, 1993.
(2) $62,477,50 from Swiss Bank Corporation on 20 September 1993.
60. Isn't it correct that Bank records show that the account had previously received $13,00,000 in travellers cheques in October 1992 and against these details DBCs, worth $15 million were issued in favour of Mohammad Ramzan account of which $7,50,000 was transferred to the account of Kashif Masood Qazi at Bank of America is that of Finance Minister Ishaq Dar. Citibank, Karachi, later created a Rs 40,00,000 loan in favor of Hudabiya Paper Mills Limited against collateral held in the Sikandra Masood Qazi account and the link between Hudabiya Engineering owned by Sharif family and these account is beyond any doubt?
61. Fake account of Asghar Ali Handwriting evidence shows that the account 202-120-106585 in the name of Asghar Ali at Habib Bank AG Zurich, Lahore, was also opened by Javed Kayani. Identifiable payments into the Asghar Ali account include;
i. $7,50,000 in travellers cheques from the National Bank of Abu Dhabi on 4 October, 1992
ii. $5,00,000 in travellers cheques on 8 October 1992
iii. $2,00,000 in travellers cheques on 4 May, 1993
iv. $62,477 transferred from Swiss Banking Corporation on 20 September 1993
62. Thus, at least $15,12,477 was remitted to the account, against which DBCs of $15,70,000 were raised.
63. Is it correct that On 10 February 1993 a payment of $2,42,630 was made to Miss Sara Sheikh in New York. Isn`t it correct that she is the daughter of Sheikh Saeed. Isn`t it correct that On 26 May 1993 amounts in the form of DBCs were transferred to the account of Sikandra Masood Qazi at Citibank to form part of collateral for the loan to Hudabiya Paper Mills to the tune of Rs 40 million?
VI. Transferring of Huge Amounts of Laundered Money into Offshore Accounts
64. Isn't it correct that according to official documents of company house United Kingdom submitted by Hassan Nawaz Sharif's Flagship investments Management Ltd were only having 5,118 GB Pounds whereas its net loss was £ 1.514 Million and Contrary to this financial statement, Hassan Nawaz remitted $ 3.836 Million in 2013-14? The break-up of these remittances is as follows.
==================================
Year Amount in Millions
==================================
2013 $ 1.9147
2014 $ 1.922291
2015 $ 2.170
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Hassan Nawaz's Remittance to Nawaz Sharif
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Year Cash at Bank Liabilities
and in Hand
==================================
2013 191 551,147
2014 3,733 436,053
2015 1,194 527,090
==================================
Hassan Nawaz's Company Flagship Investment Ltd Tax Returns
65. Isn't it true that as per financial declarations of Hassan Nawaz, his company's net liabilities are exceeding than that of its profits but in actual scenario heavy amount of £ 42.5 Million (Rs 6.375 Billion) were lended to purchase properties at 1-Hyde Park, London, UK and This amount forms the part of laundered amount from Pakistan obtained and accumulated through malfeasance, undue influence and corrupt practices?
VII. Ostensible/Benami Properties/Companies of Nawaz Sharif and his Family.
66. Isn`t it correct that during your five tenures of public office, you and your family members also purchased the following property worth Billions of Rupees:
i. 1 Hyde Park, London, UK dated: 30-03-2016 Amount £ 42.5 Million
VIII. Misappropriation of $ 30 Million Loan Facility from Faysal Bank
67. Isn't it true that Ramzan Sugar Mill owned by your Family, had obtained $ 30 Million from Faysal Bank in 1990 during you first tenure as PM by misusing your official power and this loan was obtained by asserting undue influence and intimidation over the top management of the said bank?
68. Wouldn't you agree that the said loan was obtained on the Chandron Jersey Pvt Ltd and subsequently was fraudulently transferred and used for another mill namely Chaudhry Sugar Mill under your Directorship?
69. Isn't it a fact that you as the Director of the above said Mills in sheer violation of Banking Regulations, used your undue influence to shift the liabilities with regards to loan facility worth $ 30 Million to worthless and non-capital paper company?
70. Won't you admit that this sheer violation of loan facility was taken against prevalent laws of the country and falls within the exclusively cognisable jurisdiction of NAB?"
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