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Archive for category NAWAZ SHARIF LOAN SCAM

Nawaz had already made a Plan by using Dr Saif who prepared RTS Programme-  *For the last one month – A pitched battle to stop Imran Khan*.

Where Nawaz Sharif’s Election Rigging Via RTS Failed. Delay in Results were Nawaz Sharif’s Software Manipulation.

Nawaz Sharif had already made a Plan by using Dr. Saif who prepared RTS Programme

 

*For the last one month – A pitched battle to stop Imran Khan*.

*Imran Khan is the death sentence to corrupt politicians, journalist, bureaucrats, judges & businessmen*. They all have to fight together to stop him coming into power. 

By Ahmad Jawad

A very well planned strategy to create doubts about Imran Khan’s victory has been executed in last one month with variable Time & space. 
*Reham Khan* tasked to launch personal attacks portraying Imran Khan as a bad character, bad husband & other serious allegation to taint his image.  
*Iftikhar Chaudhry* tasked to refresh old Sita White case. 
*Hamid Mir, & Shaukat Siddiqui* tasked to make elections doubtful blaming role of ISI. 
*General Asad Durrani* book co-authored with former RAW Chief launched with perfect timing to discredit Army to rescue Nawaz Sharif. 

*Nawaz Sharif blamed ISI for Mumbai attacks* to highlight the uncontrolled role of establishment in Pakistan. 
*NAB made a surprise attack on Metro Peshawar* just a few days before Elections to create an impression of corruption in KP. Metro Multan was conveniently ignored despite serious allegation even by Chinese authorities. 
*Hameed Haroon* attempt to discredit elections citing the role of ISI at International Media. It was a deadly attempt but backfired. 
*IA Rehman, Saleem Safi, Talat Hussain, Shahzaib Khanzada* & likes of them constantly tried to malign decisions of Judiciary & NAB to support Nawaz Sharif. 
*Hussain Haqqani* became highly active internationally to malign establishment to create the impression of its linkage with Imran Khan. He even reached out to Reham Khan. 
*Kulsum Nawaz* illness was used to gain variable time advantages for Sharif’s movements. 
*Suicide attacks* in KP against ANP, MMA & PTI. Strangely no attack against PMLN or PPP. 
*Few lean Jalsas of Imran Khan* were projected as a change in public opinion. 
In the last, *confusion being created that Imran Khan would not be PM or his margin of victory will be small*. 
Such media warfare has never been witnessed in the history of Pakistan. *Almost all major political parties on one side with one common target to stop Imran Khan from winning*. 
*Imran Khan is the death sentence to corrupt politicians, journalist, bureaucrats, judges & businessmen*. They all have to fight together to stop him coming into power. 
*Foreign agenda* will suffocate if Imran Khan comes to power. 
It’s last decisive battle but the fight will continue for next 5 years. Every evil of status quo got together to stop Imran Khan. *In last 40 years, the first time it is not a battle between PPP & PMLN*! 
it was just PTI against PMLN, PPP, MMA & ANP. 
That’s the strength of Imran Khan, he got every rat out of its hideout to expose the real face of rats. 
Unfortunately, PTI own Media Cell was too naive to such challenges and became almost nonexistent and irrelevant to counter such disinformation. *Luckily, Social Media by PTI volunteers & general public took charge of such ferocious Media attacks and battled well*.  
Such is the *strength of Imran Khan* that he alone knocked down hostile: 
-*Political opponents*.
-*Foreign agenda & funding*. 
-*Media conspiracies* & agenda. 
 
*Nation must share the burden he has taken for our generations*.

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 The Strategy of Madness by Saeed A. Malik.

 The Strategy of Madness.

Saeed A. Malik.

Although Machiavelli did advocate that a Prince may sometimes profit by playing mad, I can only think of a couple of times this strategy was actually employed.
The first time it was used was by Richard Nixon during the Vietnam War. He told Melvin Liard to let the word out so that it gets to the Russian and Vietnamese leadership that the U.S President harboured such extreme hatred of communism, he could be expected to do just anything to end the Vietnam War. He wanted it bruited about that it was not beyond him, in a fit of madness, to order a nuclear strike on both the countries! He believed that if played properly this could induce both the Russians and the Vietnamese to come to the table and to end the war on U.S terms.
Melvin Laird, who was Nixon’s secretary of defense at the time, was then ordered by Nixon, to lay out plans which would give credibility to this “Madness”. But he chose to put off giving shape to any such plans by one excuse or another. He thought this strategy was too “crazy” and dangerous and could lead to a nuclear war.
But Nixon insisted, and in Oct 1969, US bombers, loaded with nuclear warheads were ordered to fly along the borders of USSR. And for three successive days, they did this.
No one is certain about the degree of fright these manoeuvres created among the Soviets, but nothing much came of them.
But the next time this strategy was employed, it did create an immense amount of fright. This was when Zulfiqar Ali Bhutto, then under arrest and knowing his quarters were bugged, began issuing fusillades of invective against Zia ul Haq and his generals, enumerating all the nice things he would do to them when he returned to power.
By this stratagem, Bhutto did succeed in generating some serious fright. Serious enough to get himself hanged!
And now we are seeing Mian Nawaz Sharif, egged on by his brilliant daughter, taking a leaf out of Bhutto’s book and running with it.. Whether the result he achieves is going to be as brilliant as the one achieved by Bhutto, one cannot predict at the moment. But one can clearly see where he is headed.
He has decided that being the lion that he is, it best behoves him to roar and to keep on roaring until the roar flattens out into a bray. And he seems to have arrived at the felicitous conclusion, that without him, Pakistan stands to lose all meaning. Thus, if he cannot have Pakistan all to himself and his brood, Pakistan would be better off as a heap of rubble.

So far his crowning achievement is the tattering of a political party built of three decades of loot and plunder.

The only thing more pathetic than

Nawaz Sharif is his sorry remnants of slobbering court jesters, making excuses for him and trying to put Humpty
Dumpty

together again.

 And then there is Chaudhry Nisar–sulky little Jack Horner…the sole carrier of the flag of integrity in the late lamented PML-N…the symbol of loyal service to the party. So loyal in fact, that he has proudly confessed to advising Nawaz Sharif at every turn, of how to make away with the wealth he stole from the country he pulverized and pauperized, and therefore to escape the just deserts coming to the plunder king of a ravaged land. 
But luckily for Pakistan, whatever be its plight, Nawaz Sharif’s last attack on the state and its army seems to have put public support decisively behind the army. 
Most writers and nearly all the anchors have given to cutting him slack, have either genuinely turned, or seem too embarrassed to help him along with their usual platitudes of mercenary support. Perhaps Pakistan will see better days yet. 
Perhaps the process of accountability now underway will be an across the board process, and proceed from top to bottom, because the poor bottom, having been buffeted so long and so mercilessly, is now in a truly sorry state and needs some relief.

Saeed A. Malik. 

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NAWAZ SHARIF INTERVIEWED by BBC

 

 

Image result for Nawaz Sharif Liar Thief Money Launderer

 

 

November 4, 2017

  NAWAZ SHARIF INTERVIEWED by BBC

 If anyone wants to know what hypocrisy means and what is its practical manifestation well it does not get better than this. This joker (Muhammad Nawaz Sharif) was interviewed yesterday by BBC.  

Here is my take on his profile:

 A protege of General Ghulam Jilani and a product of General Zia’s martial law, Nawaz Sharif never tires of lecturing us on the benefits of democracy.

If anyone wants to know what hypocrisy means and what is its practical manifestation, well it does not get better than this. Watch and learn as it unfolds before you in its finest hour.

Financed by the ISI with illegal funds and propped up by the Establishment’, he says he always follows the Constitution and the Law. Maybe his dictionary is different from what we are accustomed to reading, but the Constitution for Nawaz in his eyes is a set of rules to facilitate his thievery. 

He is so bitter about the ‘PCO’ judges but is indifferent to how he himself rose to stardom on the shoulders of the so-called Establishment. Selective in his judgements, partial in his dealings and unfair in his conduct, he is not a man that even a child can trust. They first took out the clause restricting membership to the assembly for the educated only and ushered in the uncouth scum of this country, the fools we now suffer on TV with their slapstick arguments, insulting one another in the basest accusations one can ever be exposed to. Then they took away the powers of the President to dissolve the assembly, removing all checks and balances, giving themselves free license to loot and rob with wanton abandon. Now they want to remove articles 62 and 63 so that morality does not come in their way as they continue to misgovern this hapless nation.

 

Crying crocodile tears over the demise of democracy, Nawaz was directed to hold a Census by the SC just as he was made to hold Local Body Elections by them. In fact, he was forced to convene the NSC by the SC. His most memorable decisions were ones that were forced by the SC through a suo moto action on account of his reluctance to do the right thing. 

His idea of democracy is limited to circumventing the National Assembly and avoiding the parliament.  In his democracy, government funds were distributed to legislators, (just as they had been before) in the garb of development funds,  as a bribe and a reward for good behaviour. He did this as if it was his father’s country and we were all serfs who were obliged to contribute to this aberration. So much so that we are now taxed for transferring funds from our own savings to our current account while people such as him get away with tax evasion as they lecture us. He insists that 200 million voted for him knowing fully well that he got only 14% votes and that too not to him alone but to the  PML-N Party as a whole.

He talks of conspiracies, whereas he was removed for his deceit and theft; he fails to acknowledge that his Party still has two PMs: one in Azad Kashmir and the other of Pakistan; that his Party still has a Chief Minister in GB, Punjab and Baluchistan despite his wrongdoings. Where does he find that conspiracy against him and that too an international one?

Here is a man who is responsible for stabbing his colleague Junejo in the back, scuttling Benazir’s Government twice, personally going to Court to have Gillani removed, and then having the gall to say, “No PM has ever completed his term”. Never mind that his beloved Constitution does not specify the term of a PM but mentions the term of a Government only. That this small fact escapes his limited intellect, that the world over, PMs come and go, but it is the Governments that remain.

 He talks of disclosing conspiracies but his moment never arrives, he speaks of the rules of business but violates all. His nepotism and violation of merit stand out in every government institution as he corrupts all, FBR, NAB, SECP, State Bank, FIA etc. His hostility towards the judiciary is well established as he presided over the only ever physical attack on the SC.
His animosity against the military despite how he was ‘wrongly’ facilitated by them, is amply displayed by his conduct. He bites the hand that fed him. He illegally ordered the hijacking of an aircraft, got his name cleared by a kangaroo court and now reasons that you cannot hijack a plane from the ground! Well then using the same logic, ‘you cannot do a coup from courtroom as well’. He forced out General Karamat for suggesting a National  Security Council and then shamelessly constructed one later on. Claimed he had no idea about Kargil though was briefed numerous times. A compulsive liar, a trait that his ‘children’ have inherited and are famous for displaying on every occasion.

Somebody adamant in negotiating with terrorists till he was shamed in backing down after the APS incident. Politicised the police and made every department of government dysfunctional including NACTA and NAB. Conspired against his own military to bring them into an international dispute through the Dawn Leaks and have them declared as a proscribed Group facilitating terrorism; an Indian objective. A leader who bred and nurtured Chotu Gangs while restricting Ranger operations in Punjab. He did this with a straight face while he ordered such operations in Sindh with easy abandon. He collaborated with extremists and ignored the sacrifices of the likes of  Colonel Shuja Khanzada who battled for Pakistan.

 

A shameless man who has put his sons and daughter in the line of fire to save himself. Who did not stop at sullying the reputation if his own dead father to explain his own wrongdoings? A cheat and a petty crook, who ensured that government was meant for his own well-being regardless of the consequences as he misused his authority everywhere and plundered resources without remorse.

He did not stop taking credit for projects conceived well before him, such as the Gwadar Port or taking massive commissions from those that he did initiate. He mortgaged the country into an unsustainable debt, businesses closed down and migrated, exports fell and agriculture destroyed. Circular debt has become unmanageable as energy has started shutting down. Ghost schools haunt the nation and no hospital in the country is good enough for him or his own family as they flee to other countries for medical attention. Today India prides itself on giving visas to Pakistanis needing medical help.

A PM who during his tenure, never made a single meaningful statement on Kashmir, who tried to facilitate India where ever he could. Protected the terrorist Kulbashan while collaborating with Sajjan Jindal in his personal businesses at the cost of the country. Insisted on running the foreign affairs himself where he woefully disgraced us in Saudi Arabia as he sat like a poodle while India earned accolades and we were insulted over the War on Terror despite our sacrifices. Tried to pimp his way into relevance into the Saudi-Qatar affair where he was never taken seriously, just as he was not when he unfolded his chit to read out to Obama, that “Dal and Qeema” awaited him in Pakistan.

Now he asks, “What did I do?”  (Mujhe kiyun nikaala?)

Mr PM, it is what you did not do: Govern Pakistan, the only mandate given to you and your band of thieves. 

You failed us internationally, you let us down before our friends and enemies alike, and you robbed us.

May the Lord have mercy on you and your soul.

– Lt-Gen (Retd) Tariq Khan

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Disastrous decade of democracy sorry state of the state-Al Pakistan by Simon Templar

Disastrous decade of democracy sorry state of the state-Al Pakistan

by

Simon Templar

Thug life is a term used by gangsters to glorify their law breaking,heady crime sprees.

Nothing describes the misrule of two successive, so called democratically elected governments in the unstable, underdeveloped 200 million strong south Asian state of Pakistan.

How thieves, plunderers and freebooters came to rule this nuclear armed state is a sad tale in itself.

Ruled by military General Pervez Musharraf who took over in a military coup in 1999, the country became a close US ally after 9/11 and witnessed an era of growth and stability under military rule.

However when Musharaf reached his limits of flexibility, it was decided by the US and British to force him bring back the two tainted, condemned political leaders in exile and to wash away all their sins under a dubious order in the name of national reconciliation.

As in the Bond movie, Quantum of Solace, there was also a hungry, eager, more flexible General waiting in the Wings to replace him, and Deputy Chief Kayani used Military intelligence and a judges restoration movement to cripple the erstwhile strongman, now out of favor with the US.

A final thumbs down from the US Ambassador compelled Musharraf to resign and after the mysterious, unsolved murder of Benazir Bhutto, her thuggish husband, the upstart, criminal uneducated, corrupt and much reviled Asif Zardari came to power.

The deal with the West was that we bring you back, wash away your past sins and you squeeze the Army.

The game began and new Chief Kayani turned a blind eye, as he had brought the devil to sup at the table and was also busy improving his impoverished families financial condition.

So well did this team work that General Kayani got an unprecedented 3 year second term, Zardari became a billionaire, Kayani from rags to millionaire and the country went to the dogs.

The US with its two boys in place, in charge of the Presidency and military, violated Pakistani sovereignty and physical boundaries at will, using drones, choppers, covert assassin’s and whatever they chose.

As per the unholy charter of kleptocracy, Sharif kept silent during Zardari’s plunder and he returned the favor after Sharif took over in 2013

 

 

 

 

 

 

 

Simple math, over invoice $ 50 billion of Chinese funded projects-whether needed or not- by ten percent, sign sovereign guarantees, leave future generations to pay off horrifying debts and pocket 5% off the top!

Walk away with a cool $ 2.5 billion dollars.Astonishingly simple as it is audacious.

Where Zardari was a street thug, looting millions, for ing neighbors to sell their properties on the cheap, the plunderers from Punjab, whose father made pots and cooking utensils with his bare hands are now certified dollar billionaires thanks to massive bank defaults,and international cuts commissions and kickbacks.

Wow! Wonderful, just one mistake…Sharif, egged on by vicious anti military Advisers like Junior Minister for Foreign Affairs Syed Tariq Fatimi, kept on targeting the by now restive and powerful Pakistan military.

 

 

 

 

 

 

 

The leakage of information pertaining to thousands of offshore companies incorporated in Panama signalled the end for the strangely absent Sharif regime.

Perhaps the most corrupt and worse administered government in the history of Pakistan..certainly the most hypocritical.

Destroying the civil service structure, promoting nepotism, turning state servants especially in the Punjab into glorified pimps and facilitators.

 

Nawaz Sharif ‘s Well Hidden Taliban Connection-Taliban did Nawaz Sharif’s Dirty Work-While, US looked the Other Way-Rana Sanaulla, Nawaz Sharif’s  Killer Interior Minister Connected to Punjabi Taliban

 

 

 

 

 

 

 

One poor martied lady was famously peddled by her husband out to Sharif, then his younger brother and in turn was rewarded with top administrative positions for his immoral shamelessness.

Functioning without statutory, mandated positions such as State Ombudsman, National Tax Collector, Head of the Audit Service and even without the Governor of the State Bank.

Burgeoning debt,increasingly hostile borders, declining exports, a dysfunctional government, falling stock market and collapsing currency could not shake Sharif out of his stupor.

On the ropes, with his family corruption the main story in every paper, every channel and on social media, he chose to plod on shamelessly, trying one corrupt lawyer after another in a futile attempt to cover his tracks.

Described as a sicilian mafiosi by the worthy judges of the top constitutional court, Sharif scraped the bottom of the barrel, hiring the immoral Raja Salman Akram, known to have defended Zardaris drug dealing Prime Minister, all to no avail.

Functioning without a Foreign minister for four years, and appointing idiots as top envoys, the joke is on Sharif as he is now left with no friends to bail him out as before.

His Saudi patrons distanced themselves from their pet poodle after Sharif was unable to prevail upon his military who very sensibly refused to go and fight alongside Saudi troops in Yemen.

Indians and Americans have realised he cannot dominate his military and the Turks and Chinese know him and his tribe as crooked, slimy money grabbers.

Despite holding office for years, Sharif has paid no attention to healthcare, education, rule of law or job creation, focusing purely on shady, unnecessary projects providing easy kickbacks.

Now decades of money laundering, defaulted bank loans and millions in off shore accounts and overseas properties stand to be exposed for what they are, the loot and plunder from 190 million poor uneducated helpless souls who are forced to sell or kill their children due to lack of justice, poverty and a gloomy future.

The question is how will things unfold? Will the shameless, immoral, hypocritical kleptocrats escape yet again to lick their wounds and enjoy their boots abroad or shall they deservedly meet the fate of another erstwhile billionaire, the late unlamented Colonel Qaddafi who died bloodied and screaming in the street as his engeful subjects beat him to death?

The author is a geostrategist based in Brussels.

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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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