Opp ends boycott of NA, Senate, says willing to accept PM’s offer for parliamentary probe

The joint opposition has agreed to Prime Minister Nawaz Sharif’s proposal regarding setting up of a joint parliamentary committee to develop consensus on the Terms of Reference (TORs) to probe the allegations leveled in the Panama Papers.

The decision was taken after Leader of Opposition in National Assembly Khursheed Shah, Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan and PTI Vice Chairman Shah Mehmood Qureshi’s meeting with National Assembly Speaker Sardar Ayaz Sadiq in Islamabad on Tuesday.

Both were called by the speaker for a meeting when a meeting of the joint opposition headed by Khursheed Shah was underway at the Parliament House.

Earlier in the day, opposition members prepared a new 12-page questionnaire consisting of 70 questions for the prime minister on the issue of Panama Leaks, a day after declaring his speech in the National Assembly ‘unsatisfactory’.

According to sources, Speaker Ayaz Sadiq discussed matters pertaining to formation of a parliamentary committee and sought names of members from the opposition in this regard. Sadiq also urged them to return to the House.

Later, Khursheed Shah briefed the joint opposition regarding the development. All the members agreed to end their boycott of NA and Senate proceedings.

During his speech in the National Assembly on Monday, Prime Minister Nawaz Sharif proposed setting up of a joint parliamentary committee to decide the TORs to probe allegations of Panama Papers.

Giving a policy statement on the issue, Nawaz Sharif asked the speaker to form a committee in consultation with leader of the opposition and other parliamentary leaders.

The prime minister who presented his tax record before the House and gave details about family assets abroad and sources of their financing, said more evidence can be presented to the committee.

70 QUESTIONS:

The opposition has worked out a questionnaire containing 70 questions for Prime Minister Nawaz Sharif on the issue of Panama Leaks.

Leader of Opposition in National Assembly Khusheed Shah had said following the prime minister’s address in the National Assembly that it had raised 70 new questions instead of answering the seven that they had asked.

The questions relate to financial dealings of the Sharif family including questions about many of the illegal money laundering transactions, benami properties and companies of Nawaz Sharif and his family, transfer of money into offshore accounts, luxury suites at Park Lane in London, money laundering through illegal Hawala and Hundi means and misappropriation of $30 million loan facility from the Faysal Bank.

These are yes or no questions which detail the alleged financial wrongdoings of the Sharif family and their associates and ask the prime minister to admit or refute them. Analysts believe that the opposition parties had come up with these questions beforehand and the opposition leader’s statement that the prime minister’s speech had raised 70 new questions was a set up for the release of the questionnaire. Analysts point to the details of cases that the parties managed to come up with during a brief meeting on Tuesday. They also point to the fact that almost none of the questions directly relate to prime minister’s speech in the House on Monday.

The questions portray the Sharif family as being run like an organised crime ring by its patriarch. They show an elaborate criminal enterprise consisting of many companies and individuals including members of Finance Minister Ishaq Dar’s family, international ‘business’ associates as well as fictitious persons all coming together to set up accounts, launder money, create companies and obtain loans which ultimately benefit Prime Minister Nawaz Sharif and his family.

The PM has been asked the following questions:

1. Isn`t it true that 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?
2. Isn’t it a fact that between 1988 and 1991, an amount of Rs 56.896 million was sent out of the country?
3. Wouldn`t you admit that during 1988, $7,580,000 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?
4. 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 paying only Rs 897 as Income Tax, therefore, it is obvious that the objectives of sending money through Hawala/Hundi Operation were:
5. 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.
6. Isn`t it true that the FEBC was purposely introduced by your government in your first tenure as prime minister so that the 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 unfair means.

 

1. MONEY LAUNDERING OF AMOUNT RS 145,056 MILLION THROUGH ILLEGAL HAWALA/HUNDI MEANS BY NAWAZ SHARIF’S FAMILY:
2. 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?
3. 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?
4. Wouldn`t you agree that the said amount was used in the purchase of Park Lane Apartments during 1993-96?
5. Isn`t it correct that the above mentioned 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?;
6. No Name Address   Amount (in Rs)

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

 

1. OFFSHORE COMPANIES OWNED BY NAWAZ SHARIF FAMILY/THEIR ASSOCIATES:
2. Isn`t it a fact Mr. 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’s family include:
3. Nescoll Limited
4. Nielsen Enterprises Limited

iii.            Shamrock

1. Chadron Jersey Pvt Ltd
2. Minerva Ind
3. Flagship Holdings
4. Isn`t it correct that the above mentioned offshore companies surfaced through Panama Leaks, of which you were directly a beneficial owner and that these offshore companies were established during your tenure as prime minister in 1993?
5. 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?
6. Is it not a fact that in the years 2011 and 2012 you have shown your daughter as your dependent with no income of her own, and does that not make her properties as your own in benami form?
7. 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?
8. Isn`t it correct that the gist of WB & UNODC Reports was that you along with your close aides directed the following amounts:
9. $60 million in Highways contracts to the above mentioned companies owned by you or your associates.
10. 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 Sharif and his associates.

1. $58 million from inflated prices paid for imported wheat from the US and Canada to your companies or your associates of various entities.
2. 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 the Maryam Nawaz, Hussain Nawaz and Hassan Nawaz were below the age of majority (less than 18 years of age)?
3. 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, UK, USA, KSA and UAE etc?
4. Isn`t it true that Maryam Nawaz is also a shareholder of another company jointly owned by Husain Nawaz? Isn`t it true that Hassan is the sole owner of yet another offshore holding. Isn’t it true that the companies have last been used for purchasing six properties in London during 2007-08.
5. Isn`t it true that Nescoll Limited, Nielson Holdings Limited, Coomber Group Inc., and Hangon Property Holdings Limited are all companies owned by Maryam, Hussain and Hassan.
6. Isn`t it true the details shared with BVI administration declare Maryam the sole beneficial owner and the “family business” has been described as the source of funds whereas Saroor Palace (Jeddah) address has been mentioned?
7. 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?
8. Isn`t it true that As many as six properties were purchased in London during 2007 and 2008 through these offshore companies.
9. Is it not correct that Nescol, Nielsen and Coomber entered into a mortgage deal of £7 million with a Swiss bank, Deutsche Bank (Suisse) SA, for four properties?
10. Is it not true that Hangon company itself was purchased along with its stock in £ .5 million by Hassan Nawaz in 2007 from a Liberian citizen.
11. Isn`t it true that the oldest company among the four is Nescoll Limited which was registered on January 27, 1993, six-month before you stepped down as prime minister?
12. 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?
13. Isn`t it true that Mossack Fonseca was their administrator when Nescoll, Nielson and Coomber obtained mortgage of £7 million from the Swiss bank through these companies?
14. Isn`t it true that Maryam is the sole beneficial owner of Nescoll and Nielson, Coomber is jointly owned by Maryam and Hussain?
15. Isn`t it true that in the meanwhile, Bank of Scotland sanctioned a loan of unknown amount to the Hassan-owned Hangon for the purchase of property at 1 Hyde Park Place, London, W2?
16. 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 enquiry of the Financial Investigation Authority (FIA) 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 was described as the source of funding?
17. 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?

III.            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?
33. Isn`t it correct that as per the report of WB and UNODC’s joint initiative for Stolen Asset Recovery you were declared as the beneficial owner of these offshore 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 Urs Specker of Ansbacher Trustees AG, Zurich Switzerland – a nominee of both the aforesaid offshore companies?
36. Isn`t it true that Urs Specker takes 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 Wegmuller manages Sharif’s $50 million overseas investments and the value of the London properties of the Sharif family is to 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 the Sharif family?
38. Isn`t it a fact that according to documents the apartment, 17 Avenfield House, 118 Park Lane, London, was bought on June 1, 1993 when 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 in Jan 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 while at the same time your tax returns showed the following:

 

Assessment Year    Declared Income     Assessed Income    Wealth Tax/Zakat   Tax Paid

1992-93   5,521       247,238   6,621       2,680

1993-94   1,55,809  1.17.551  Pending   14, 898

1994-95                                                   NIL

1995-96                                                   477

1996-97                                                   NIL

 

1. MONEY LAUNDERING:
2. 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 utilised 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?
3. Wouldn`t you agree that in August 1992, Javed Kayani opened three 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’s companies?
4. Isn`t it true that during the course of the investigation, it has been revealed that these individuals do not exist and their ID cards were fictitious and foreign exchange and travelers’ cheques worth $3,794,762 were deposited in those accounts on the basis of which dollar bearer certificates (DBCs) worth $4,920,000 were issued?
5. 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, they are closely known to Ishaq Dar, who is the financial mastermind behind you?
6. Isn`t it a fact that DBCs of $1.5 million were deposited in the accounts of Kashif Masood Qazi and Sikandra Masood Qazi and later $500,000 in the account of Nuzhat Gohar Qazi was transferred to the account of Kashif Masood Qazi?
7. Isn`t it true that Bank of Amercia 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 Qazis’ accounts?
8. 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 Lahroe and of Sikandra Masood Qazi at Citibank, Lahore stands established through unchallengeable incriminating evidence and bank records?
9. 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?
10. Wouldn`t you admit that the strict banking and corporate secrecy laws of Caribbean states such as the British Virgin Islands make them a favored destination of illegal wealth? These transfers were as follows:

 

DATE                                                       AMOUNT

03-01-93                                 $105,000

06-01-93                                 $105,000

01-02-93                                 $95,000

TOTAL                                           $350,000

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 tranches – $200,000 on February 3, 1993 and $150,000 on February 26, 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 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 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 four luxury suites occupying a 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;
56. $700,000 in travelers cheques on October 4, 1994.
57. $750,000 in travelers cheques on October 8, 1992 by the Saudi Holland Bank, Riyadh.

iii.            $106,297 transferred from the Karachi Branch of France’s Societe General bank on December 30, 1992.

1993. $149,081 from Union Bank of Switzerland on January 5, 1993.
1994. $94,405 from Union Bank of Switzerland on January 6,1993.
1995. $100,000 in travelers cheques on April 28, 1993

vii.           $100,000 in travelers cheques on May 8, 1993.

viii.          $79,924 from Habib Bank AG Zurich in Switzerland on June 21, 1993.?

 

56. Isn`t it a fact that all US dollar travelers’ cheques have to be cleared in New York and the transfer to Sulman Zia’s account of the above traveler 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 handwriting 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 directors are members of your family. Isn`t it also a fact that the outgoing payment from the Sulman Zia account clearly established its link to Javed Kayani and Sheikh Saeed, namely:
57. $3,900 To Marium Begum Kayani’s account number 202-120-101265 at the Habib Bank, AG Zurich, Lahore, on September 28, 1993.
58. $8,114 to Javed Kayani’s account number 202-120-101265 on September 28, 1993.

iii.            $62,610 to Star Trading and Marine Inc. in New York on July 4, 1993. This is a company owned by Sheikh Saeed.

1. A amount of $750,000 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 Ishaq Dar, who formerly worked for the Sharif family company Ittefaq Brothers Limited and is now Finance Minister in the Cabinet of Prime Minister Mian Nawaz Sharif).
2. 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.
3. A further amount of $500,000 was transferred to the account of Kashif Masood Qazi from the account of Nuzhat Gohar Qazi, who is sister of Ishaq Dar, at the same branch of Bank of America.
4. Wouldn`t you agree with the fact that the address of Ishaq Dar in 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 $2,000,000 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:
5. Mian Hussain Nawaz Sharif Son of Mian Nawaz Sharif
6. Mrs Mian Nawaz Sharif Wife of of Mian Nawaz Sharif

iii.            Mian Shahbaz Sharif                                              Brother of Mian Nawaz Sharif

1. Mian Abbas Sharif Brother of Mian Nawaz Sharif
2. Mian Mohammad Sharif Father of Mian Nawaz Sharif
3. 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 proven beyond any doubt?
4. A copy of the opening form for the Mohammad Ramzan account number 202-120-106578 and a record of its activities shows, according to handwriting analysis, that the form was signed by Javed Kayani. Payments into the Mohammad Ramzan account include:

(i)            $200,000 in travelers cheques issued by the National Bank of Abu Dhabi on May 6, 1993

(ii)           $6,247,750 from Swiss Bank Corporation on September 20, 1993

60. Isn`t it correct that bank records show that the account had previously received $1,300,000 in travelers cheques in October 1992 and against these details DBCs, worth $15 million were issued in favour of Mohammad Ramzan. $750,000 was transferred to the account of Kashif Masood Qazi at the Bank of America which is that of Finance Minister Ishaq Dar. Citibank, Karachi, later created a Rs 4,000,000 loan in favour 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 paymenets into the Asghar Ali account include;
62. $750,000 in travelers cheques from the National Bank of Abu Dhabi on October 4, 1992
63. $500,000 in travelers cheques on October 8, 1992

iii.            $200,000 in travelers cheques on May 4, 1993

1. $62,477 transferred from Swiss Banking Corporation on September 20, 1993
2. Thus, at least $1,512,477 was remitted to the account, against which DBCs of $1,570,000 were raised.
3. Is it correct that on February 10, 1993, a payment of $242,630 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 May 26, 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?

 

1. TRANSFERRING OF HUGE AMOUNTS OF LAUNDERED MONEY INTO OFFSHORE ACCOUNTS
2. Isn`t it correct that according to official documents submitted by Hassan Nawaz Sharif’s Flagship Investments Management Ltd, the company only had £5,118 whereas its net loss was £1.514 million, but contrary to this financial statement, Hassan Nawaz remitted $3.836 million in 2013-14? The breakup of these remittances is as follows:

Year         Amount in Millions

2013        $ 1.9147

2014        $ 1.922291

2015        $ 2.170

 

Hassan Nawaz’s Remittance to Nawaz Sharif

Year         Cash at Bank and in Hand      Liabilities

2013        191          551,147

2014        3,733       436,053

2015        1,194       527,090

 

65. Isn`t it true that as per financial declarations of Hassan Nawaz, his company’s net liabilities are exceeding that of its profits but in reality, a huge amount of £42.5 million (Rs 6.375 billion) was lent to purchase properties at 1-Hyde Park, London, UK and this amount forms part of the laundered amount from Pakistan obtained and accumulated through malfeasance, undue influence and corrupt practices?

 

1. OSTENSIBLE/BENAMI PROPERTIES/COMPANIES OF NAWAZ SHARIF AND HIS FAMILY.
2. 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:
3. 1 Hyde Park, London, UK dated: 30-03-2016 Amount £ 42.5 million

VII.           MISAPPROPRIATION OF $30 MILLION LOAN FACILITY FROM FAYSAL BANK

67. Isn’t it true that Ramzan Sugar Mill, owned by your family, obtained $30 million from Faysal Bank in 1990 during your first tenure as PM by misusing your official power and this loan was obtained by asserting undue influence and intimidation of the top management of the 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 Chaudhry Sugar Mill, in sheer violation of banking regulations, used your undue influence to shift the liabilities with regards to loan facility worth $30 million to the worthless and non-capital paper company?
70. Won’t you admit that this sheer violation of the loan facility was taken against prevalent laws of the country and falls within the exclusively cognizable jurisdiction of the National Accountability Bureau?