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Archive for category NAWAZ SHARIF DICTATOR

Ishaq Dar’s confessional statement

To 
The Chairman NAB
20 April 2000

Subject: Tender of Pardon

Dear sir

I the undersigned want to make full disclosure of the true and full facts relating to the case of Hudabiya Paper Mills case wherein I have been cited as one of the accused person. My detailed statement of facts, circumstances and events etc leading to accumulation of Rs 642 million in the accounts of Hudabiya Paper Mills Ltd is enclosed herewith for your kind perusal and consideration.

I have unburdened my concious and stated the true facts in the enclosed statement. It is therefore requested that I may please be granted pardon on the basis of this disclosure.

Thanking you in anticiptation

Yours truly

Ishaq Dar
7-H Gulberg 3
Presently at Police lock up at Chamba House Lahore
20 April 2000

Statement of Mohammad Ishaq Dar on oath dated 25 April 2000

I was born in a middle class family in 1950. I passed my intermdeiate in 1966 and then B.Com in 1970 after which I proceeded to UK to pass my Chartered Accountancy. During my stay in London I stayed with Masood Ahmed Kazi  and his family in Ilford. In 1976 I proceeded to Libya where I worked as senior auditor. I was married in 1976. Financial status of mu in-laws was also that of middle class. In 1977 I came back to Pakistan and joined a Chartered Accountancy company. 

From 1982 to 1992, besides my job activities I remained actively associated with the activities of Institute of Chartered Accountants as well as Lahore Chamber of Commerce. In the year 1987-88 I was member of Finance and Taxation Committee of LCCI. Around same period Mian Shehbaz Sharif was President of LCCI. I pointed out serious weaknesses in the national budget announced by Junejo Govt for the year 1987-88 which resulted in revision of the budget. This gave me national recogonition. Next year I was again consulted and my suggestions were incorporated in the budget.

In 1990, I planned to set up a Modaraba company in the name of First Hajvery and started completing its paperwork. The company was set up in 1991 with paid up capital of Rs 150 million. Within 6 monthswe succeeded in attracting customers like Sharif Group, Crecent Group and Saigol Group.

My stay with the family of Masood Ahmed Qazi in London had been a pleasant one. They belonged to a middle class family and he used to treat me as one of his family members. The family comprised of Sikandra Masood Qazi (wife), Gohar Masood Qazi (son), Mazhar Masood Qazi (son), Kashif Masood Qazi (son) Talat Masood Qazi (son). As far as their financial status in the year 1992 is concerned, there was no significant improvement in their previous status of 1970s. The family offered tution services and some family members were running a garment store.

Mian Nawaz Sharif was my batch mate at Govt College during 1964 to 66. However we had no intimacy at that time. As by the year 1990 I had not only succeeded in getting my professional skills recogonized but also was associated with activities of LCCI and Mian Shehbaz Sharif was former President of LCCI, we soon came closer.

In December 1990, Qazi family was visiting Pakistan. As Mr Masood Qazi was interested in politics and used to introduce himself as a Muslim Leauger, I invited them to the annual function of LCCI which was to be chaired by Mian Nawaz Sharif, the then PM of Pakistan. In this function I introduced the Qazis to Mian Nawaz Sharif and Mian Shehbaz Sharif. 

In early 1992, Mian Nawaz Sharif who was then PM contacted me and requested to provide credit line of approximately Rs 100 million to the buisness concerns of his family from my Modaraba. I enquired from him about the collateral against this credit line. He informed me that he will 

provide foriegn currency funds as collateral. Subsequently he sent me photocopies of the passports of Mrs Sikandra Qazi, Nuzhat Qazi, Talat Qazi and Kashif Qazi. He asked me to open / open coreign currency accounts in their names in different banks with the foreign currency funds provided by the Sharif family and use these funds as collateral against credit facility to be availed by the different companies of Sharif group from my Modaraba and also directly from the banks as well. The need for opening of different accounts mainly arose due to per client lending ceiling, per deposit lending limit, bank’s overall credit ceiling and per borrower credit ceiling etc.

I had reservations in opening / operating of these benamidar accounts but I was assured by Mian Nawaz Sharif that Qazis have agreed for use of their names and furthermore after the promulgation of Protection of Economic Reforms Act 1992 by his govt, all the foreign currency accounts had complete immunity against any inquiry or investigation by any department or agency. 

Resultantly I was asked by Mian Nawaz Sharif to open 4 benamidar accounts in the names of Sikandra Qazi, Talat Qazi, Nuzhat Qazi and Kashif Qazi. It was further decided that these accounts in the name of first two persons will be opened/ operated by me whereas the other two benaami accounts will be opened / operated by Naeem Mahmood, a Director of my Modaraba, under my supervision.

Accordingly I opened two foreign currency accounts in the name of Sikandra and Talat Qazi with the foreign currency funds provided by Sharif family in the Bank of America by signing as Sikandra and Talat Qazi. All the instructions issued to the bank in the name of these persons were signed by me under the instructions received from the original depositors namely Mian Nawaz Sharif and Mian Shehbaz Sharif. Wheras the F.C Accounts of Nuzhat and Kashif Qazi were opened/ operated by Naeem Mahmood under my instructions ( based on instructions of Sharifs) by signing the same as Nuzhat Qazi and Kashif Qazi.

Besides these four F.C accounts, the previously opened F.C Account of Saeed Ahmed, a former Director of First Hajvery Modarba and a close friend of mine, and of Musa Ghani ( nephew of my wife) were also used to deposit huge foreign currency funds provided by the Sharif family to offer them as collateral to obtain different direct / indirect credit lines. It is pertinent to mention that all the instructions regarding the deposits of the Sharif family in the account of Saeed Ahmed were got executed from Mr Saeed Ahmed at the relevant time. However in order to operate the deposits in the account of Musa Ghani, I signed few instructions in the name of Musa Ghani.

The credit lines obtained by First Hajvery Modarba against these foreign currency funds of Sharif family offered as collateral were given to Sharif Group companies in Pak Rupees at cost plus small charge to cover the administrative expenses of the Hajvery modarba. The Sharif Group companies utilized full credit lines against these foreign currency collateral directly from the banks or by indirectly obtaining credit lines in Pak Rupees in the name of Hajvery modaraba, Sikandra Qazi, Hajvery Holdings, myself and Musa Ghani etc. All the credit lines in these names were ultimately passed on to the Sharif Group companies. Different other accounts were also opened / operated by me and Naeem Mahmood in the same manner in the names of Qazis as explained above in City Bank, Emirates Bank, Atlas Investment Bank and Al Towfeeq Investment Bank etc under the instructions of Sharif family.

In the last quarter of 1993, Bank of America faced credit ceiling problem and thus it arranged the transfer of these credit facilities / collateral to the Al Faiysal Investment Bank with the approval of Sharif family. All the instructions regarding the operation of F.C account of Talat Qazi were executed /supplied by me to the Al Faysal Bank. Regarding the operation of the F.C accounts of Kashif Qazi and Nuzhat Qazi at Al Faysal were executed by Naeem Mahmood under my instructions.

In early 1998,  Mian Shehbaz Sharif called a meeting at his residence which was attended by Kamal Qureshi, both Pashas and other relevant staff. I was also asked by him to participate. Mian Shehbaz Sharif told us that due to scandalization of Qazis accounts by the press, his family has decided to liquidate all the F.C funds in these accounts and bring the same back in the account of Hudabiya Paper Mills Limited as Share Deposit Money from a lady of middle east and use it to pay off all loans of Sharif Group. He gave directions to Kamal Qureshi to take all necessary steps to carry out this plan. I was asked to provide Kamal Qureshi necessary instructions for banks to get the funds in these accounts encashed. Mian Shehbaz Sharif subsequently sent a photocopy of passport of that lady which disclosed her name as Siddiqa Hashim Khadim, to me and sending the same to Kamal Qureshi for necessary action as per his directions. I handed over the same to Naeem Mahmood and also briefed him about the instructions I received from Mian Shehbaz Sharif. I asked him to contact Emirates Bank and to obtain the latest position of the loans directly / indirectly obtained from the bank by Sharif Group against the F.C funds deposited by them in the account of Mr Saeed Ahmed. I further asked him to make liaison with Kamal Qureshi for this purpose. Naeem Mahmood subsequently told me that a sum of U.S $ 3.725 million of Sharif family was existing in the account of Saeed Ahmed in Emirates Bank. He further informed me about the arrangements Kamal Qureshi was carrying out regarding the encashment of this amount according to which, with the help of bank manager, services of a money changer to provide remittances equivalent to these F.C funds from abroad as Share Deposit Money from Siddiqa Hashim Khadim, from his own sources into the accounts of Hudabiya Paper Mills were to be acquired and the proceeds of these remittances were to be transferred to accounts of First Hajvery Modarba by borrower company for settlement of loan facilities of Sharif group companies. 

Subsequently the dollars in the account of Saeed Ahmed held as collateral were to be released by the bank for onward delivery to the money changer / broker. He further informed me that in March/ April 1998, a sum of US $ 3.725 million was received in the form of telegraphic transfer in the account of Hudabiya Paper Mills and equivalent foreign currency funds were got released by the Sharif family from the account of Saeed Ahmed for delivery to the broker. Similarly the deposits in the accounts of Qazi family at Al Faysal bank was also to be off loaded by unwinding the transactions in the same manner as was done at Emirates Bank. 

Following the directions of Mian Shehbaz Sharif, Kamal Qureshi approached the bank in Karachi for making necessary arrangement whereby the deposits kept in the name of Qazi family was also to be substituted and a new name that of Siddiqa Hashim Khadim was to be introduced and shown as equity investment ( share deposit money) in Hudaibiya Paper mills limited. However, out of the said amount of $8.539 million only $2.95 million could be routed in this manner by Sharif family through Kamal Qureshi from al Faysal Bank. Thereafter F.C accounts were frozen by the Govt. Before the encashment of entire collateral could be completed, in May 1998 Pakistan’s first nuclear tests took place and foreign currency funds were frozen by the Govt. 

Resultantly the previous plan of Sharif family could not be 100 percent executed. In June 1998, Mian Shehbaz Sharif informed me that accounts in the name of Qazis amounting to $ 2.967 million and $ 2.622 million should be got converted into Pak Rupees and deposited in the account of Hudabiya Papers as Share Deposit Money from Qazis. I and Naeem Mahmood prepared necessary instructions for the banks in this behalf. Kamal Qureshi then arranged for such frozen amounts with Citibank and Al Faysal Bank to be encashed in the name of the Qazis and at a final rate of Rs 46 per and the sum of US $ 6.91 million equivalent to Pak Rs 318 million was transferred to the account of Hudabiya Papers as Share Deposit Money from Qazis.

Although the foreign currency collateral accounts were arranged by me and Naeem Mahmood as per instructions of Shahbaz Sharif for above explained facilities, the fullest involvement of the directors, management and staff of Sharif group companies had always been there as it were they who opened in all the lending financial institutions, the bank accounts of various companies of Sharif group, in whose names Pak Rupees credit lines were obtained and who also completed all the legal requirements of the banks and of Company Law in this regard.

The entire chain of transactions, starting from the deposits of foreign currency collateral, obtaining credit lines, loans for Sharif group companies including Hajvery Modarba, encashment of entire collateral in 1998 and deposit of same in Hudabiya Paper Mills as Share Deposit Money in names of Sidiiqa Hashim Khadim and Qazi family and ultimately using such Share Deposit Money to pay off the liabilities of Sharif Group companies, clearly establish the fact that all these foreign currency funds exclusively belonged to Sharif family who were the sole beneficiary of the entire arrangement and being difficult for them to account for the same, they had made all this arrangement as they could not have explained the source of these funds which ultimately landed in one of their companies. 

It is assured that I have made full disclosure of all the facts in the preceding paras pin-pointing the money laundering of the Sharif family and my role therein. In proof thereof you may obtain specimen of signatures of mine and that of Naeem Mahmood to get the veracity of my statement regarding the operation of the accounts of Qazi family testified from a Hand Writing Expert.

I solemnly declare that I have never obtained any illegal personal benefit out of these funds and the money was / is owned by the Sharif family.

Signed 

Ishaq Dar

25 -4-2000

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NASEEM ASHRAF & IQBAL ASHRAF & MUSADAK MALIK: THE CROOK BROTHERS: New NBP Chief Rewarded for Sanctioning Rs. 500 Million to Sharifs’ Brothers Sugar Mill in 1990s

 

BROTHERS MASTER CROOKS & DESTROYERS OF PAKISTAN VIA CORRUPTION:

NASEEM ASHRAF & IQBAL ASHRAF 

with

Dirty Fingers in the Cookie Jar of Every Government

New-NBP-chief-rewarded-for-sanctioning-Rs500m-to-the-Sharifs'-sugar-mill-in-1990s-salman-shahbaz-sharif-ahmed-iqbal-ashraf

By Sarmad Ali

Islamabad, Jan 28 (Pak Destiny) The Nawaz Sharif government has rewarded Syed Ahmad Iqbal Ashraf by appointing him president of National Bank of Pakistan (NBP) for his services – sanctioning Rs500 million loan to the Ramzan Sugar Mill of the Sharifs in 1990s.
“Ahsraf has also been given a task to settle down Rs3billion loan of Itifaq Foundry which it had taken from the NBP in the 1990s,” the sources said.
The sources said Ashraf was the regional director of NBP when he had sanctioned Rs500 million to the Sharif’s Ramzan Sugar Mill when they needed money. Salman Shahbaz had asked his uncle to appoint Ashraf.
A chartered accountant by profession, Ahmad Iqbal is a brother of Dr Nasim Ashraf, the former minister for National Commission for Human Development (NCHD) and president of Pakistan Cricket Board in General Musharraf’s government. Nasim Ashraf brought in Musadak Malik, a big time crook, whose connections with a  super power are highly suspicious. After Nasim Ashraf and Iqbal Ashraf absconded from Pakistan, they left their master-mind Musadak Malik to be an Advisor to Nawaz Sharif. This unemployed US Pharmacist, still a US Citizen has a gift of gab and can through use of this gift he wiggled his way  into Nawaz Sharif’s Cabinet as an his Advisor.
He replaced Dr Asif Brohi who had three years to reach the retirement age.
A total of 51 candidates had applied for the post. The selection was originally to be made by a high-powered commission comprising Federal Tax Ombudsman and two academicians from Agha Khan University and Lahore University of Management Sciences. – Pak Destiny

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Horrible tale of torture on MNA Jamshed Dasti – Rana Sanaullah & Nawaz Sharif Ordered Torture by J Choudhry

Horrible tale of torture on MNA Jamshed Dasti – Rana Sanaullah, Pakistan’s Interior Minister  & Pakistan’s Prime Minister Nawaz Sharif Ordered Torture

by J Choudhry

https://www.facebook.com/siasat.pk/videos/10154586587276766/

ایم این اے جمشید دستی کی رو رو کر چیف جسٹس پاکستان سے سو موٹو کی دردمندانہ اپیل ” مجھے ٹارچر کیا جا رہا ہے ، مجھے چوہوں اور بچھوووں والے سیل میں رکھا گیا ہے ، 6 دن سے بھوکا ہوں ، میری بہن کو تیسری…

This is horrible……… I just saw a video of Jamshed Dusti, who is crying and weeping from jail-van asking Chief Justice and others to take suo motto and save his life.

 
Dasti said he is hungry for the past six days, not being allowed to sleep, being tortured in the cell with rats and scorpions.
 
Dasti is an elected MNA of poor people,  has been jailed to face the wrath of the rulers for raising his voice against rulers injustices.
 
J Choudhry  

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PM should step down until JIT completes probe, says Imran

Thief PM Nawaz Must Go Behind Bars For Life

PM should step down until JIT completes probe, says Imran

ISLAMABAD: Chairman Pakistan Tehreek-e-Insaf (PTI) Imran Khan on Thursday has said that Prime Minister Nawaz Sharif should step down until the JIT completes its investigation. 

Speaking to reporters following the Supreme Court verdict in the Panama Leaks case, Khan said Sharif no longer had any moral authority to continue as prime minister of the country.

“What respect will he have when a government officer calls the prime minister for a criminal inquiry,” he said.

Terming the verdict “a historic judgment in Pakistan’s history”, he said that all five members of the bench have rejected PM Sharif’s explanation of the money trail that led to his children’s offshore holdings.

“I demand Nawaz Sharif to resign today. Sharif should resign because he will not allow an impartial investigation,” he said.

“If Sharif is cleared in 60 days after the joint investigation team’s report, he can continue to serve as the prime minister, but at the moment he has no ethical right to serve on this position,” said the chairman of the PTI.

Imran said that only two of the institutions whose members will be part of the JIT fall under the Chief of Army Staff, while the rest come under the prime minister.

“Hence, he must resign immediately in order for an impartial investigation to be conducted,” said the PTI chairman.

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Prosecutor Pushes for Indictment of South Korean President in Samsung Scandal

S.Korea Prosecutor Ready to Indict Impeached President Ms.Park:

Pakistan Supreme Court Sits on Nawaz Sharif Panama Case Judgement 

Prosecutor Pushes for Indictment of South Korean President in Samsung Scandal

FEB. 28, 2017

Image result for president park south korea impeachment

Ms. Park’s presidential powers have been suspended since the impeachment vote in December. The Constitutional Court is expected to rule in the coming weeks on whether she should be reinstated or formally removed from office. Even if she resumes the presidency, her five-year term ends in February, after which she can face criminal charges.

On Monday, Ms. Park’s lawyer, Yu Young-ha, rejected the special prosecutor’s findings, saying his investigation was “politically biased” and “lacking in fairness.” He called the bribery allegation “an absurd fiction.”

But on Monday, Mr. Park, the special prosecutor, who is not related to Ms. Park, said his team found enough evidence that Ms. Park and her confidante, Choi Soon-sil, conspired to collect bribes from Samsung.

Image result for president park south korea impeachment

On Feb. 28, he indicted Lee Jae-yong, the third-generation scion of the family that runs Samsung, on charges of giving or promising $38 million in bribes to Ms. Park and Ms. Choi. He also added a bribery charge to the case against Ms. Choi, who is already on trial.

Mr. Lee offered the bribes in return for political favors from Ms. Park, most notably government support for a merger of two Samsung affiliates in 2015 that helped him inherit corporate control of the Samsung conglomerate from his incapacitated father, Lee Kun-hee, the prosecutor said.

Acting on Ms. Park’s order, her aides forced the government-controlled National Pension Service, a major shareholder at the two Samsung companies, to vote for the merger, though it was opposed by many minority shareholders and devalued the pension fund’s own stocks there, the prosecutor said.

Photo

A protest against President Park in Seoul on Saturday. The special prosecutor also said that Ms. Park should face a criminal charge of abusing official power over a blacklist of artists. CreditJung Ui-Chel/European Pressphoto Agency

On Monday, Samsung denied the special prosecutor’s findings.

“Samsung has not paid bribes nor made improper requests seeking favors,” it said in a statement. “Future court proceedings will reveal the truth.”

On Monday, Mr. Park, the special prosecutor, said that the president should also face a criminal charge of abusing official power, saying she conspired with aides to blacklist thousands of artists, writers, and movie directors deemed unfriendly to her government and exclude them from government-funded support programs.

Ms. Park also fired three senior Culture Ministry officials who had been reluctant to discriminate against some of the 9,473 names on the list, the prosecutor said. She demoted and later fired another senior ministry official who had angered Ms. Choi, her friend, by investigating allegations of corruption involving her family, the prosecutor said.

While blackballing unfriendly artists, Ms. Park’s office ensured that pro-government civic groups received special favors, he said.

It asked the Federation of Korean Industries, which lobbies on behalf of Samsung and other big businesses, to provide $5.9 million for those groups between 2014 and 2016, the special prosecutor said. Some of those groups, like the right-wing Korea Parent Federation, have held noisy protests in downtown Seoul calling the critics of Ms. Park “commies.”

Besides Samsung, scores of other South Korean companies were found to have made payments to two foundations controlled by Ms. Choi. But on Monday, the special prosecutor did not recommend further actions against them, and state prosecutors had earlier said that those companies were coerced to donate and were not engaged in bribery.

Ms. Park has repeatedly denied any legal wrongdoing, insisting that she was framed by hostile political forces and that she was not aware of any criminal conspiracy by Ms. Choi. She said she only let Ms. Choi edit some of her speeches and run her personal errands.

On Monday, the special prosecutor said Ms. Park and Ms. Choi had 573 phone conversations between April and October last year using cell phones issued under borrowed names. Of these calls, 127 took place between September, when Ms. Choi left for Germany, and October when she returned home to be arrested.

The prosecutor accused Ms. Park of impeding his investigation. She refused to be questioned by his investigators and also did not allow them to search her office. As a result, he said his team could not fully determine what she was doing at her residence for seven hours in April 2014, when a ferry loaded with hundreds of schoolchildren sank, killing more than 300.

Ms. Park said she was working at the time, getting reports on the disaster. But she has been haunted by lurid rumors, some of them claiming that she was having a romantic encounter or undergoing plastic surgery.

On Monday, the prosecutor said a cosmetic surgeon gave Ms. Park at least five simple face-lifting operations at her residence between 2013 and 2016. Even unlicensed people visited her there to give her nutritional shots and help her with kinesiotherapy and reiki, a form of traditional healing. But investigators could not find evidence that such things took place on the day of the ferry disaster.

Reference

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