• Saturday, March 23, 2019

Aleema Khan owns properties in US too

Discussion in 'Pakistani Siasat' started by Norwegian, Jan 11, 2019.

  1. Norwegian

    Norwegian ELITE MEMBER

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    Aleema Khan owns properties in US too
    National
    Ahmad Noorani
    January 11,2019

    ISLAMABAD: Aleema Khan, sister of Prime Minister Imran Khan, who is facing a case of hiding her UAE luxurious flat from the tax authorities in Pakistan, also owns a four-storey building containing three flats in New Jersey America, according to US property records.

    These flats were never declared to the tax authorities in Pakistan by Aleema Khan till the financial year ending June 30, 2017, copies of her tax returns show. However, she declared it in the tax year ending June 30, 2018 after she failed to sell the USA flat. She, however, didn’t declare the sold-out properties and is now facing a case in Supreme Court for not declaring her UAE flat. It is worth mentioning here that the official documents of offshore company ‘Niazi Services Limited’, which owned a London flat, also showed Aleema Khan as only director of the company.

    The property is located just 400 metres away from the bank of River Hudson, around four kilometres from Manhattan and three kilometers from The Wall Street, the financial capital of the world.

    The title of the property having the address of 154, 6th Street, Hoboken City, New Jersey (NJ 07030), USA shows that Aleema Khan (Aleema Khanum) purchased the property along with her the then partner on August 5, 2004 from Prebola, Keith & Susan, Etals at the value (cost declared in the deed) of $758,000.

    According to the deed, Aleema Khan owns 75% of the property while her partner owns 25%. The current market value of the property stands at around US$3 million (more than Rs45 crore).

    The record shows the property was purchased through mortgage in 2004 and later on further loans were obtained from the bank by re-mortgaging the same property by Aleema Khan and her son Shahrez. Shahrez used power of attorney of ex-business partner of her mother for this re-mortgage.

    A property record updated in January 2018 shows “Shahrez Khan” as contact person for the property with his contact number. Shahrez is the elder son of Aleema Khan and her husband Sohail Ameer Khan. Though Aleema Khan purchased these luxurious properties in different countries, she never declared them in her tax returns in Pakistan at the time of purchase, and used to pay nominal taxes. For instance she paid only Rs107,960 in tax year ending June 30, 2011, Rs188,000 in tax year 2012, Rs140,000 in 2013, Rs158,900 in 2014, Rs186,620 in 2015, Rs130,794 in 2016 and so on.

    Aleema Khan, who has been greatly involved in the donation campaigns for the Shaukat Khanum Cancer Hospital and Namal from the USA and other parts of the world, travelled extensively worldwide during last 20 years.

    Despite repeated efforts that include emails, Whatsapp messages, SMS and mobile calls, this correspondent could not get any reply from Aleema Khan.

    However, The News succeeded in talking to her two sons, her counsel and a few others including sources closely associated with her. Questions were sent to Aleema Khan through dozens of emails and messages after Panama Papers revelations in April 2016. She never responded, but started trying to sell her foreign properties abroad apparently to claim here in Pakistan that she did not have any property in her name at the time of questioning by media or courts.

    Aleema had a business dispute, continuing since 2010, with her business partner at the time of Panama Papers revelations. As the business partner refused to sell the property, Aleema Khan failed to dispose of this USA property which stands exposed now.

    Her younger son Shershah Khan while talking to The News said that only his mother could respond to these queries.

    Aleema Khan's elder son Shahrez Khan, who recently came back Pakistan after spending several years in the US, while talking to The News said that he didn’t have the knowledge about the current ownership of the property in Hoboken, New Jersey.

    He added that only her mother Aleema Khan or her ex-business partner could give the details. “I can pass on your contact number to her ex-business partner and she can give you the details regarding current status of ownership of this property,” Shahrez told The News.

    When Shahrez Khan was asked that he must have the details of New Jersey property owned by her mother as his name and contact number are also given as the “contact person” in the US’s official property documents in the records ‘Hudson County’ of state of New Jersey, he said that his name might have been given by her mother in the past for the documentation of the property in question, but currently he didn’t have any details to share. Shahrez said that he lived in the US for some time but came back to Pakistan some one year before.

    Iftikhar Durrani, special assistant to Prime Minister, said that the prime minister was not responsible for the private affairs of his siblings, as they were responsible for their own acts.

    Name of Aleema Khan was also given as registered director of ‘Niazi Services Limited’ an offshore company which owned London flat of Prime Minister Khan. Imran’s name never figured in documents of ‘Niazi Services Limited’ but as he was secret beneficial owner and this offshore company owned his London flat which was declared by him under Tax Amnesty Scheme of General Musharraf in 2001, and then in his annual returns, but official documents of offshore company only contained name of the Aleema Khan
    https://www.thenews.com.pk/amp/417394-aleema-khan-owns-properties-in-us-too

    @Champion_Usmani @Tameem @BATMAN @Canuck786 @SmartGeek @Maarkhoor @Proudpakistaniguy @I FLY HIGH @Jf Thunder @Jinn Baba @Yaseen1
    Enjoy :enjoy:
     
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  2. Path-Finder

    Path-Finder ELITE MEMBER

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    you should have let the tankhwha dar posters post that!
     
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  3. HAIDER

    HAIDER ELITE MEMBER

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    Yes, many years ago she used to live in Houston. Everyone knows here. No secret.
    But 2004 isn't once upon a time.
     
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  4. Clutch

    Clutch SENIOR MEMBER

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    Ok... Did she buy buy those houses with stolen taxpayers money? is she supposed to be homeless?
     
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  5. Norwegian

    Norwegian ELITE MEMBER

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    Didn't want to give them the pleasure :D
     
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  6. Path-Finder

    Path-Finder ELITE MEMBER

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    thats bad its a matter of earning a dehari :whistle:
     
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  7. xyxmt

    xyxmt ELITE MEMBER

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    What kind of stupid tax system Pakistan has, I never have to declare what i own outside Canada, I pay taxes on my yearly earnings and once taxes are paid what I buy and where I buy what is not taxing authority's problem.
     
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  8. Yaseen1

    Yaseen1 SENIOR MEMBER

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    Either use taxpayer money or charity money corruption is corruption
     
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  9. Imad.Khan

    Imad.Khan SENIOR MEMBER

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    And i am sure you have proof that she has used charity money to buy properties. Also you portray yourself to be a religious person, what is the punishment for "tohmat"
     
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  10. Yaseen1

    Yaseen1 SENIOR MEMBER

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    I have not concluded this but my mean is there is high probability of risk of misappropriation of charity money as it is easy to embezzle charity money than other means as mostly money is raised without proper record keeping unlike profit earning entities which have to comply with tough regulations by state
     
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  11. Imad.Khan

    Imad.Khan SENIOR MEMBER

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    So you are saying that you are not sure but there is a high chance that she embezzled charity money because of lack of record keeping. This is 100% tohmat and you still havn't informed us about the punishment for doing tohmat.
     
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  12. Clutch

    Clutch SENIOR MEMBER

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    Did she use charity money?
     
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  13. Darwin

    Darwin BANNED

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    If she bought the flats from earnings outside Pakistan , she has no legal requirement to declare any bank accounts or properties.
    What's her profession ?
     
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  14. snow lake

    snow lake ELITE MEMBER

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    I dont get pakistan tax laws

    So if i work in the uk and have property fo i have to declare that to Pak authorities even though i didnt earn any money in Pak?
     
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  15. Darwin

    Darwin BANNED

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    If suppose you work as a taxi driver in the UK but buy flats worth millions of pounds, you will be of interest to the local UK tax authorities.
    If you are a foreign investor who buys property in the UK from income from outside UK, then Pakistan authorities will be Interested. That's the reason money laundering through banks is such a touchy subject. Source of income and money trail has to be clear.
     
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