The Joint Investigation Team (JIT) report findings have smashed the basic claim made by Prime Minister Nawaz Sharif and his sons that the London flats were adjusted under a business deal with Prince Hamad bin Jassim as the Sharif family had started a business with the Qatari royal with 12 million Dirhams through the sale of 25 per cent shares of Gulf Steel Mills.
According to the official response by UAE government to the JIT, there are no records of the sale of Gulf Steel Mills shares or the transaction of 12 million Dirhams from Mian Tariq Shafi to Prince Fahad bin Jassim.
In a letter from UAE judge, Abdur Rehman Murad Al-Balooshi, Director, International Cooperation Department, responded to Wajid Zia’s request of mutual legal assistance regarding defaulted debt loans by Tariq Shafi in the BCCI, UAE, stated that there was a case (12/94) against him.
- The UAE official noted that the records show that the share sale 25pc agreement of 1980 of Ahli Steel Mills (erstwhile Gulf Steel Mills) dated 14/4/1980 according does not exist.
- Moreover, the statement said that that no transaction worth AED 12 million as claimed proceed of 25pc shares of Gulf Steel Mills ever took place in the name of Muhammad Tariq Shafi.
- That no record could be found which indicate that notarization of this document was ever done by notary public of Dubai courts on 30/5/2016.
- In relation question transport scrap machinery from Ahli Steel Mills from Dubai to Jeddah to establish Al-Azizia Steel Mills during 2001-02, following check of records of Dubai Customs, it seems no scrap machinery was transported from Dubai to Jeddah during 2001/02.
- In relation with the question of transfer of amount of AED 12 million from Tariq Shafi to Fahad bin Jassim or any of authorized representative during 1978-1981. The question regarding to a bank record with reference to payment of 12 million Dirhams by Abdullah Kaed Ahli to Tariq Shafi on account of sale of remaining 25pc shares of Ahli Steel Mills during 1978 to 1981, it is stated that the central bank has informed that there isn’t any transfer in the records of central bank in relation to the mentioned request.
Moreover, the UAE judge also responded to the question whether there is an agreement of the shares regarding Tariq Shafi in Ahli Steel Mills dated 14/4/1980 is genuine of fake; or is it notarized by Dubai courts on 30/5/2016, it is informed that after search in record of Dubai courts system, the name of Ahli Steel Mills (erstwhile Gulf Steel Mills) following is certified.
The statement said that a UAE court sentenced the defendant Tariq Shafi as the owner of al-Omran Commercial Est. to pay an amount of more than AED 9 million (9733980.80) an interest of nine percent from 2/2/1994 till the full payment and fees besides an amount of AED 500 for the lawyer fee an fix attachment number 340/94 date of sentence 15/08/2013.
