Nawaz and Shahbaz Sharif Involved in $20 Million Bribe for K-Electric Sale.

[Indus Pakistan]

"Around the same time, Abraaj was looking to sell its stake in K-Electric Ltd., the electricity provider to Karachi. Mr. Naqvi tried to secure the cooperation of Pakistan’s then-prime minister, Nawaz Sharif, and his brother Shehbaz, offering a $20 million payment to businessman Navaid Malik for his help in getting it, according to company emails and people familiar with the situation. The government owns a stake in K-Electric and its approval would be required for the sale to go through.

Shehbaz was “willing to give a strong endorsement” of the deal to Chinese bidders, Mr. Malik said, according to an October 2015 email to Mr. Naqvi from Abraaj partner Omar Lodhi. Mr. Malik said it was “important for him to share every detail with the brothers and get their blessings as well as their instructions as to how this money should be distributed,” such as “a portion to charity” or “a portion to the election fund kitty,” Mr. Lodhi wrote in the email.

When Mr. Naqvi emailed Mr. Lodhi about the $20 million contract for Mr. Malik in June 2016, he wrote, “This document is explosive in the wrong hands.” Abraaj and K-Electric shouldn’t be named in the document, he wrote: “Keep it generic.”

“Noted,” Mr. Lodhi responded. Mr. Malik didn’t respond to requests for comment."

https://www.penews.com/articles/pri...edging-to-do-good-then-it-fell-apart-20181016

 

[HAIDER]

"Around the same time, Abraaj was looking to sell its stake in K-Electric Ltd., the electricity provider to Karachi. Mr. Naqvi tried to secure the cooperation of Pakistan’s then-prime minister, Nawaz Sharif, and his brother Shehbaz, offering a $20 million payment to businessman Navaid Malik for his help in getting it, according to company emails and people familiar with the situation. The government owns a stake in K-Electric and its approval would be required for the sale to go through.

Shehbaz was “willing to give a strong endorsement” of the deal to Chinese bidders, Mr. Malik said, according to an October 2015 email to Mr. Naqvi from Abraaj partner Omar Lodhi. Mr. Malik said it was “important for him to share every detail with the brothers and get their blessings as well as their instructions as to how this money should be distributed,” such as “a portion to charity” or “a portion to the election fund kitty,” Mr. Lodhi wrote in the email.

When Mr. Naqvi emailed Mr. Lodhi about the $20 million contract for Mr. Malik in June 2016, he wrote, “This document is explosive in the wrong hands.” Abraaj and K-Electric shouldn’t be named in the document, he wrote: “Keep it generic.”

“Noted,” Mr. Lodhi responded. Mr. Malik didn’t respond to requests for comment."

https://www.penews.com/articles/pri...edging-to-do-good-then-it-fell-apart-20181016

Wait these corruption cases spread over years, more will be surfaced soon....... but unfortunately no recovery of public money and punishment.

 

[Path-Finder]

I did say tooi party has had few days of phand pona, some laughs but now followed by a good chitrool.

 

[maximuswarrior]

Here is ... watch ............ listen every word carefully. @maximuswarrior

No word from Jew TV?

 

[ziaulislam]

Tops news in western media... embrasing

 

[Pakistansdefender]

Such embarrassing news.
It's seems Pakistanis are not interested.
Where are patwaris now.

 

[ziaulislam]

Another Panama leaks in building process ...

doesnt matter, pakistani people no longer can differentiate between blunt corruption...the nation has fell to the level where there is no hope..just like shitfly cannot differentiate between whats clean and not clean so are the people of pakistan..what should have been a breaking news a discussion of the year has simply disappeared

look at rafale deal, straight forward thing which is just conflict of interest nothing else but look how its scrutinized, this is straight forward kick back news yet educated Phd will defend the brothers

Wait these corruption cases spread over years, more will be surfaced soon....... but unfortunately no recovery of public money and punishment.

recovery is difficult because the money is not in pakistan...you dont have the econmical muscle to force recoveries...
punishment unfortunately is going to be pain and slow NAB is setup by PMLN PPPP in way that it has limited capacity, power and authority

IK needs to use the FIA but thats filled up with nonay people, than judiciary has people like justice siddiqui..the whole system has been rotten..only a dictator or prolong PTI govt can fix these things

honestly i was critical of PML N policies but never thought they were this corrupt

PMLN should have distant it self from nawaz and should have let cleaner people to take the lead but what can you expect from non democratic party

 

[Pakistansdefender]

Such sad development.
This party destroyed Pakistan..
Now is this the work of khalai maklooq too.

 

[xyxmt]

so we have all the details and guy is running free, I get the joke

 

[PakSword]

doesnt matter, pakistani people no longer can differentiate between blunt corruption.

This is so true

 

[HAIDER]

doesnt matter, pakistani people no longer can differentiate between blunt corruption...the nation has fell to the level where there is no hope..just like shitfly cannot differentiate between whats clean and not clean so are the people of pakistan..what should have been a breaking news a discussion of the year has simply disappeared

look at rafale deal, straight forward thing which is just conflict of interest nothing else but look how its scrutinized, this is straight forward kick back news yet educated Phd will defend the brothers


recovery is difficult because the money is not in pakistan...you dont have the econmical muscle to force recoveries...
punishment unfortunately is going to be pain and slow NAB is setup by PMLN PPPP in way that it has limited capacity, power and authority

IK needs to use the FIA but thats filled up with nonay people, than judiciary has people like justice siddiqui..the whole system has been rotten..only a dictator or prolong PTI govt can fix these things

honestly i was critical of PML N policies but never thought they were this corrupt

PMLN should have distant it self from nawaz and should have let cleaner people to take the lead but what can you expect from non democratic party

Baat tu theek ha ....magar baat ha ruswai ki. dead nation.

 

[Guvera]

No wonder the bald brothers did nothing about K-Electric's inefficiency in karachi and heavy loadshedding, people have really suffered a lot due to this filthy K-Electric in past 6 to 7 years.....may Allah rot these bald brothers in hell.

 

[HAIDER]

No wonder the bald brothers did nothing about K-Electric's inefficiency in karachi and heavy loadshedding, people have really suffered a lot due to this filthy K-Electric in past 6 to 7 years.....may Allah rot these bald brothers in hell.

KESC in huge deficit and owner desperate to sell. WSJ exposed the inside info.

 

[Guvera]

Last I checked they are still living in their billion rupee mansions in Pakistan, they are getting bails, doing political activities, SS will also get bail, their money is protected, all these cases will be washed off and everyone will get their shares...and this drama will continue with ups and down, with grifarian and bailan and finally dismissal

tum sub log chutia bantey rehna aur next 5 years bhi yehe serial dekhna.

well in that case ur genius and we r idiots watching this serial for years, then why u waste ur precious time here on this forum writing the above post ?

 

[maithil]

Abraaj going BCCI way. Embarrassing indeed.

Here is the original article in WSJ... Many other details also here.

Private-Equity Firm Abraaj Raised Billions Pledging to Do Good—Then It Fell Apart