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NAB summons 21 members of Khan’s cabinet over Rs50b Bahria Town, NCA deal

FOOLS_NIGHTMARE

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Also summoned Malik Riaz's son
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The National Accountability Bureau (NAB) has summoned 21 members of the former prime minister Imran Khan’s cabinet over the approval of sending £140 million in the account of Bahria Town founder Malik Riaz that Pakistan had received from Britain.

In 2019, the government of Pakistan made an agreement with M/S Bahria Town Pvt Ltd that an expensive property located in heart of London would be sold out, and its amount would be transferred to Pakistan.

Read: NAB seeks record of Rs50b deal between Bahria Town, NCA from PM Office

This deal came after M/S Bahria Town Pvt Ltd did an out-of-court settlement with British National Crime Agency in a case where the latter froze an amount of some 140 million out of 190 GBP including 1-Hyde Park London property purchased by Ali Riaz Malik.

Malik Riaz then used the amount to pay for the Rs450 billion fine imposed by the Supreme Court in connection with the illegal land acquisition of Bahria Town, Karachi.

Now, the NAB has sent notices to the PTI cabinet members, including Ghulam Sarwar Khan, Murad Saeed, Pervaiz Khattak, Shafqat Mehmood, Shireen Mazari, Ali Haider Zaidi and Hammad Azhar.

READ: NCA-Bahria Town deal: SBP has no info about ₤190m received from UK

The NAB also summoned Ali Riaz Malik, the son of Malik Riaz for investigation.

The summoned dates have been mentioned below as per the NAB notice

  • Murad Saeed and Ghulam Sarwar Khan on October 11
  • Pervaiz Khattak and Ali Riaz Malik on October 12
  • Zubaida Jalal and Hammad Azhar on October 13
  • Shafqat Mehmood and Shireen Mazari on October 14
  • Khalid Maqbool Siddiqui and Ejaz Shah on October 17
  • Ali Amin Gandapur and Farogh Naseem on October 18
  • Ali Zaidi and Khusro Bakhtiar on October 19
  • Azam Khan Swati and Asad Umar on October 20
  • Umar Ayub and Muhammad Mian Somro on October 21
  • Sheikh Rasheed Ahmed and Fawad Chaudhry on October 24
  • Mehboob Sultan and Faisal Vawda October 25
The NAB also said that the former prime minister Imran Khan could also be summoned in light of his cabinet members’ statements.
 

FOOLS_NIGHTMARE

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Old news.

Pakistani tycoon agrees to hand over £190m to UK authorities​

This article is more than 2 years old
Nine freezing orders secured against Malik Riaz Hussain in ‘dirty money’ investigation
The £50m property at Hyde Park Place, London, that Malik Riaz Hussain agreed to hand over.

The £50m property at Hyde Park Place, London, Malik Riaz Hussain agreed to hand over as part of the settlement. Photograph: REX/Shutterstock


More than £190m of assets, including a £50m mansion overlooking Hyde Park in London, have been seized from a Pakistani property tycoon after a settlement in a UK police “dirty money” investigation.
On Tuesday, the National Crime Agency said Malik Riaz Hussain had agreed to the multimillion-pound settlement that did “not represent a finding of guilt”.

NCA investigators secured nine freezing orders that covered £140m in funds held in UK bank accounts after allegations that the cash may have been the proceeds of crime. The money and ownership of the central London property will be handed over to the government in Pakistan, where Hussain had been charged with fraud and corruption. The freezing orders were on the cash and assets rather than against any individual.
Hussain is the owner of Bahria Town, Asia’s largest private property developer . He had been the subject of an unexplained wealth order, which froze eight of his UK bank accounts containing £120m the NCA “suspected to have derived from bribery and corruption overseas”.
Included in the £190m settlement is a grade-II listed 10-bedroom mansion that includes a cinema, swimming pool, gym, steam room and spa. The seven-floor property on Hyde Park Place was previously listed for rent on property website Zoopla for £86,667 a month.
On Tuesday, Hussain tweeted:

"NCA press release says the settlement is a civil matter and does not represent a finding of guilt".
I am a proud Pakistan and I will remain until I breath my last.
Pakistan Zindabad 2/2
— Malik Riaz Hussain (@MalikRiaz_) December 3, 2019
The NCA described Hussain as the boss of “one of the biggest private sector employers in Pakistan”. Bahria Town specialises in properties that replicate famous buildings such as the Burj Khalifa in Dubai, the Eiffel Tower in Paris and even whole squares, such as Trafalgar Square in London. They are aimed at wealthy Pakistanis as well as immigrants.
The agency first froze £20m of Hussain’s funds last December, and in August secured a court order that covered £120m across eight further bank accounts.
It is the largest amount frozen in a NSA investigation since the Criminal Finances Act 2017 came into force. The legislation gives police greater powers to crack down on people attempting to launder money through the UK.

The NCA is also investigating the assets of a former Azerbaijani state banker’s wife, who was found to have spent £16m in a decade-long spending spree in Harrods dep.
Duncan Hames, director of policy at the anti-corruption charity Transparency International UK, said: “We welcome news that UK law enforcement have secured a substantial amount of funds for return to the people of Pakistan.
“The size of funds in this case is a step change from previous efforts and shows the importance of changes introduced by the Criminal Finances Act 2017. Although there is scant information about the specifics of the case, returning seized funds to the country of origin, as is proposed, is an obligation under the UN convention against corruption.”
 

FOOLS_NIGHTMARE

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They don t qualify for NRO2 ?
Malik Riaz is hunky-dory with all politicians, his relations with PPP are exemplary. Both have done well to facilitate each other. Just before the VONC he even phoned Zardari to have a change of heart in Imran's favour.
The issue regarding this new NAB investigation is that MR has given precious gifts and hundreds of acres of land to IK worth billions in return for getting 50 billion rupees worth of dirty money back in his account.
There is of plenty evidence related to it. Let's see how the courts act to it.
 

HAIDER

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Malik Riaz is hunky-dory with all politicians, his relations with PPP are exemplary. Both have done well to facilitate each other. Just before the VONC he even phoned Zardari to have a change of heart in Imran's favour.
The issue regarding this new NAB investigation is that MR has given precious gifts and hundreds of acres of land to IK worth billions in return for getting 50 billion rupees worth of dirty money back in his account.
There is of plenty evidence related to it. Let's see how the courts act to it.
Its been five months, why only news? They should take action against him. Arrest Imran Khan's wife if she is corrupt or any other family member.... No justice No existence ...
 

FOOLS_NIGHTMARE

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Its been five months, why only news? They should take action against him. Arrest Imran Khan's wife if she is corrupt or any other family member.... No justice No existence ...

NAB issues notices to IK’s entire ex-cabinet in scam of Rs50bn returned by UK

Main accused in this dubious funds transfer are former PM Imran Khan and his accountability aide Barrister Shahzad Akbar​


Ex prime minister Imran Khan with cabinet. —File Photo
Ex prime minister Imran Khan with cabinet. —File Photo
ISLAMABAD: The NAB has started issuing notices to Imran Khan and all cabinet members of his former government in the case of scandalous handling of Bahria Town’s Rs50 billion, transferred from the UK, during the PTI government.

Sources said that the NAB Rawalpindi is issuing these notices to the entire PTI cabinet as part of its inquiry into alleged misuse of authority, financial gains and criminal breach of trust in recovery of crime proceeds received from the UK and illegal sealing of its record. Sources said the main accused in this dubious funds transfer are former Prime Minister Imran Khan and his accountability aide Barrister Shahzad Akbar. Notice has also been issued to Ali Riaz Malik of Bahria Town to explain his company’s stance in this case. It is also said that mutual legal assistance is also being raised through foreign office to get UK home department’s assistance to probe the case.
According to a copy of the notice issued to former defence minister Pervez Khattak, “The inquiry into the allegations of misuse of authority, financial gains and criminal breach of trust has revealed that you being Cabinet Member have attended Cabinet Meeting dated 3rd December, 2019 held at the Prime Minister’s Office, wherein a decision was made on Item No. 2 titled ‘Account Freezing Orders (ARQs)and Repatriation of Funds to Pakistan in Mr. Ahmed Ali Riaz & family and Messrs Bahria Town (Pvt) Ltd’ presented and briefed by Special Assistant to the Prime Minister on Accountability and Interior and also directed the Cabinet Secretary to seal the record, therefore, you are in possession of information/evidence whatsoever, which relates to the commission of the said offence(s).”
The notice reads, “In view, thereof, you are called upon to appear on 12-10-2011 at 02:00 pm at NAB (Rwp), Civic Centre, G-6 Melody, Islamabad, before the CIT, along with documentary evidence, to record your statement.”
The notice tells Khattak, “You are advised that failing to comply with this notice, may entail penal consequences as provided in S.2 of the schedule of NAO, 1999”. Within a few months of coming into power, the present government had alleged that National Crime Agency of United Kingdom had transferred over Rs50 billion of Bahria Town to the government of Pakistan, which were deposited in an SC Account on behalf of Bahria Town, instead of the public kitty, during Imran Khan’s tenure.
In a cabinet meeting on December 3, 2019, a sealed “Note” was presented before the cabinet by the Asset Recovery Unit of the Prime Minister’s Office. The cabinet had approved the note without sharing it with cabinet members and directed to keep the “Note” secret.
Official minutes of the cabinet meeting while conveying cabinet’s approval to the had said, “In order to maintain secrecy, the Cabinet directed Cabinet Secretary to see the Note and authorized him to de-seal it if required to be presented before any court of law”.
The Note pertains to the “Accounts Freezing Orders (AFOs) and Repatriation of Funds to Pakistan in Mr. Ahmed Ali Riaz & Family and Messers. Bahria Town (Private) Limited.” According to the meeting minutes, “Special Assistant to the Prime Minister on Accountability and Interior brief the Cabinet, in camera, on Accounts Freezing Orders (AFOs) and Repatriation of Funds to Pakistan in Mr. Ahmed Ali Riaz & Family and Messers, due to discourse/confidentiality clause.”
“The cabinet considered the Note title ‘Accounts Freezing Orders (AFOs) and Repatriation of Funds to Pakistan in Mr. Ahmed Ali Riaz & Family and Messers. Bahria Town (Private) Limited’ dated 2nd December, 2019 submitted by Assets Recovery Unit, Prime Minister’s Office, and approved Para 10 thereof;”
“In order to maintain secrecy, the Cabinet directed the Cabinet Secretary to see the Note and authorized him to de-seal it if required to be presented before any court of law.” The “Note” as was presented before the cabinet, in camera, was neither shared with the cabinet ministers before the cabinet meeting nor was included in the regular agenda of the cabinet. It came up for discussion as an additional agenda.
The ministers were also sketchily briefed on the subject and were not shared the details, arguing that the government can’t share the details owing to its understanding with the National Crime Agency of the British government. However, as per the cabinet decision if the matter was brought up before the judiciary the “Note” could be unsealed and shared with the court if so directed by the judiciary.
According to a press release issued by the IK government, the United Kingdom’s National Crime Agency had agreed an out of court settlement in a pending investigation with a Pakistani family that owns large property developments in Pakistan and elsewhere. The NCA also agreed for immediate repatriation of funds to the State of Pakistan.
According to the press release, the settlement is a civil matter and does not represent a finding of guilt. The settlement, it had added, is the result of an investigation by the NCA into Malik Riaz Hussain, a Pakistani national, whose business is one of the biggest private sector employers in Pakistan.
According to media reports, almost Pounds 190m was repatriated to Pakistan but the money landed in the Supreme Court of Pakistan’s Account in National Bank of Pakistan. It had raised the question whether the money was to be transferred to the government’s account or was to be deposited in the SCP Account as Malik Riaz’s payment in an earlier settlement under which Behria Town had agreed to pay Rs460 billion to the SCP.
The present government, however, linked this controversial handling of the UK repatriated money with the post-December 3, 2019 establishment of Al-Qadir trust by Imran Khan, which was donated and transferred 458 Kanals of precious land by Bahria Town.
The PTI and the Bahria Town deny any wrongdoing, while the present government sees it a case of corruption by Imran Khan and his government. According to Bahria Town, All transactions took place in conformity with the British and Pakistani laws.
 

HAIDER

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NAB issues notices to IK’s entire ex-cabinet in scam of Rs50bn returned by UK

Main accused in this dubious funds transfer are former PM Imran Khan and his accountability aide Barrister Shahzad Akbar​


Ex prime minister Imran Khan with cabinet. —File Photo
Ex prime minister Imran Khan with cabinet. —File Photo
ISLAMABAD: The NAB has started issuing notices to Imran Khan and all cabinet members of his former government in the case of scandalous handling of Bahria Town’s Rs50 billion, transferred from the UK, during the PTI government.

Sources said that the NAB Rawalpindi is issuing these notices to the entire PTI cabinet as part of its inquiry into alleged misuse of authority, financial gains and criminal breach of trust in recovery of crime proceeds received from the UK and illegal sealing of its record. Sources said the main accused in this dubious funds transfer are former Prime Minister Imran Khan and his accountability aide Barrister Shahzad Akbar. Notice has also been issued to Ali Riaz Malik of Bahria Town to explain his company’s stance in this case. It is also said that mutual legal assistance is also being raised through foreign office to get UK home department’s assistance to probe the case.
According to a copy of the notice issued to former defence minister Pervez Khattak, “The inquiry into the allegations of misuse of authority, financial gains and criminal breach of trust has revealed that you being Cabinet Member have attended Cabinet Meeting dated 3rd December, 2019 held at the Prime Minister’s Office, wherein a decision was made on Item No. 2 titled ‘Account Freezing Orders (ARQs)and Repatriation of Funds to Pakistan in Mr. Ahmed Ali Riaz & family and Messrs Bahria Town (Pvt) Ltd’ presented and briefed by Special Assistant to the Prime Minister on Accountability and Interior and also directed the Cabinet Secretary to seal the record, therefore, you are in possession of information/evidence whatsoever, which relates to the commission of the said offence(s).”
The notice reads, “In view, thereof, you are called upon to appear on 12-10-2011 at 02:00 pm at NAB (Rwp), Civic Centre, G-6 Melody, Islamabad, before the CIT, along with documentary evidence, to record your statement.”
The notice tells Khattak, “You are advised that failing to comply with this notice, may entail penal consequences as provided in S.2 of the schedule of NAO, 1999”. Within a few months of coming into power, the present government had alleged that National Crime Agency of United Kingdom had transferred over Rs50 billion of Bahria Town to the government of Pakistan, which were deposited in an SC Account on behalf of Bahria Town, instead of the public kitty, during Imran Khan’s tenure.
In a cabinet meeting on December 3, 2019, a sealed “Note” was presented before the cabinet by the Asset Recovery Unit of the Prime Minister’s Office. The cabinet had approved the note without sharing it with cabinet members and directed to keep the “Note” secret.
Official minutes of the cabinet meeting while conveying cabinet’s approval to the had said, “In order to maintain secrecy, the Cabinet directed Cabinet Secretary to see the Note and authorized him to de-seal it if required to be presented before any court of law”.
The Note pertains to the “Accounts Freezing Orders (AFOs) and Repatriation of Funds to Pakistan in Mr. Ahmed Ali Riaz & Family and Messers. Bahria Town (Private) Limited.” According to the meeting minutes, “Special Assistant to the Prime Minister on Accountability and Interior brief the Cabinet, in camera, on Accounts Freezing Orders (AFOs) and Repatriation of Funds to Pakistan in Mr. Ahmed Ali Riaz & Family and Messers, due to discourse/confidentiality clause.”
“The cabinet considered the Note title ‘Accounts Freezing Orders (AFOs) and Repatriation of Funds to Pakistan in Mr. Ahmed Ali Riaz & Family and Messers. Bahria Town (Private) Limited’ dated 2nd December, 2019 submitted by Assets Recovery Unit, Prime Minister’s Office, and approved Para 10 thereof;”
“In order to maintain secrecy, the Cabinet directed the Cabinet Secretary to see the Note and authorized him to de-seal it if required to be presented before any court of law.” The “Note” as was presented before the cabinet, in camera, was neither shared with the cabinet ministers before the cabinet meeting nor was included in the regular agenda of the cabinet. It came up for discussion as an additional agenda.
The ministers were also sketchily briefed on the subject and were not shared the details, arguing that the government can’t share the details owing to its understanding with the National Crime Agency of the British government. However, as per the cabinet decision if the matter was brought up before the judiciary the “Note” could be unsealed and shared with the court if so directed by the judiciary.
According to a press release issued by the IK government, the United Kingdom’s National Crime Agency had agreed an out of court settlement in a pending investigation with a Pakistani family that owns large property developments in Pakistan and elsewhere. The NCA also agreed for immediate repatriation of funds to the State of Pakistan.
According to the press release, the settlement is a civil matter and does not represent a finding of guilt. The settlement, it had added, is the result of an investigation by the NCA into Malik Riaz Hussain, a Pakistani national, whose business is one of the biggest private sector employers in Pakistan.
According to media reports, almost Pounds 190m was repatriated to Pakistan but the money landed in the Supreme Court of Pakistan’s Account in National Bank of Pakistan. It had raised the question whether the money was to be transferred to the government’s account or was to be deposited in the SCP Account as Malik Riaz’s payment in an earlier settlement under which Behria Town had agreed to pay Rs460 billion to the SCP.
The present government, however, linked this controversial handling of the UK repatriated money with the post-December 3, 2019 establishment of Al-Qadir trust by Imran Khan, which was donated and transferred 458 Kanals of precious land by Bahria Town.
The PTI and the Bahria Town deny any wrongdoing, while the present government sees it a case of corruption by Imran Khan and his government. According to Bahria Town, All transactions took place in conformity with the British and Pakistani laws.
NAB ....LOL...............seriously. Nothing will come out of the legal transfer of funds. Waste of time . Plus NAB is now toothless. Bring the case in the Supreme court or Islamabad court.
 

HAIDER

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There are plenty of audios leaked in the past on the mainstream media, how Farah Gogi was acting as a middleman to facilitate a deal between MR and Bani Gala.
If this audio is legit, take it to court.....this won't help. Audio and sex videos are very common tools in PMLN. Your leader dropped Benazir and her mother fabricated naked pictures from a helicopter.
 

HAIDER

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The wealthiest man in Pakistan MR threatened to take it to court but to date, nothing happened. Even IK did not bother to take legal action.
It's PDM/PMLN govt, may be they know the reality of these audios ... what one can say..... Even PMO audios are leaking ...... no further investigation.....
 

FOOLS_NIGHTMARE

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another 75 years ... ok
To be honest, I am fed up to the core, this daily star plus drama needs to end one way or the other. Wasted too many of my precious years and nothing has changed in Pakistan. In fact, in the last few years, we have gone thirty years back.
 

Jango

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In 2019, the government of Pakistan made an agreement with M/S Bahria Town Pvt Ltd that an expensive property located in heart of London would be sold out, and its amount would be transferred to Pakistan

I am pretty sure this wrong. Their was no agreement between GoP and Bahria Town.
 

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