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Posts Tagged Offshore Accounts

Sharif Family’s Gulf Steel in UAE – Defaulted on Loan from BCCI

 Sharif Family’s Gulf Steel in UAE – Defaulted on Loan from BCCI

 

  Gulf Steel – The actual state

  
Sharif brothers ; Bank loans and Gulf Steel 

 

Gulf Steel Dubai was in debt in early eighties. BCCI people working at that time know that Sharif family sold the factory to partially settle their debts with BCCI and may be other banks. BCCI filed a case against the company, Mian Mohammad Sharif & Shahbaz Sharif to recover the balance of loan. Because of default in payment of amount decreed by court (about AED 6.5M) in favor of BCCI , arrest warrants were issued against older Sharif & Shahbaz. With the help of  Ejaz ul Haq , who at that time worked for BOA Bahrain the loan was written off by BCCI and at the request of Mian Sharif to Zia ul Haq, Nawaz Sharif was made finance minister of Punjab. 

 

Nawaz Sharif’s claim that he sold Gulf Steel to buy flats in London is wrong. It is a pack of lies. 

 

 

Out of 200 Million Pakistanis;how many Pakistanis have such luxurious surrounding.

 

 In early 1990, Shahbaz Sharif and Mian Tariq Shafi ((first cousin & brother-in-law) visited Regional Office of BCCI in Dubai and received two payments of AED 4 M each (total AED 8M) in cash. The amount was booked as loan with interest suspended from day one. Shahbaz used a fake name (Rashid Rahim). The AOF showed address as c/o Middle East Regional Office and no telephone no. According to story circulating in BCCI at that time it was donation for IJI which was established by agencies to bring Nawaz Sharif to power. 

When BCCI was closed in July 1991, the liquidator started follow up of the loans at Lahore. The Central Bank auditors had serious objection on these loans because it was given to non-residents with no collateral. Tariq Shafi paid some amount but the liquidator could not recover any amount from Shahbaz Sharif because the loan was in a fake name. The way the loans were given clearly showed that an understanding was given to Sharif family that it would be written off in future.

 
The Pakistani nation should know that the family is nothing but a bunch of crooks.

The above is based on events as related by an ex employee of BCCI Dubai.

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Nawaz Sharif Web of Lies: Coating Lies to Protect Previous Lies ad Infinitum

 

PM Nawaz Panama Sharif

 

Web of Lies

 

 

 

 

 

Ask Nawaz Sharif, Pervaiz Rasheed or Rana Sanaullah, how many times in the political arena have they spoken the truth, and you will probably be met with stony silence. The reason of-course is quite simple. Speaking the truth or acknowledging it, never came naturally to them or for that matter, the majority of PML-N’s leadership. While the PML-N is quite capable of stooping to the lowest possible depths in order to recruit like-minded liars into their party, perhaps in the future they should invite party applications exclusively for a category of people who seem to thrive in the PML-N – Compulsive liars.

 

Web of Lies

What is the definition of a compulsive liar? To simplify things, let us go with the most common definition. “A compulsive liar is someone who lies with ease and finds comfort in it. The person may even continue to lie when presented with the truth in cold, hard facts. Getting a compulsive liar to admit he or she lied can be nearly impossible”. PML-N has many people who fall under this category, starting with Nawaz Sharif, the man who continued to claim publicly time and time again that he had never made a deal with Musharraf, which took him from the confines of Adiala Jail to the hospitality of the Saudis in Jeddah. Nobody believed him to begin with, given his previous track record, and once again Sharif was exposed when the signed agreement between the Sharif family and Musharraf’s government was released to the public

Sharif being one of the world’s most gifted compulsive liars, when confronted with the document in an interview, acknowledged the document was correct, however questioned the amount of years he had actually agreed to stay outside of Pakistan. The fact that yet another one of his lies was exposed did not make a difference to him, in fact he proceeded to outdo himself recently when, after repeatedly begging the army chief to intervene and negotiate with the PTI in August 2014, he came onto the floor of the national assembly and violated the sanctity of the house and the office of the Prime Minister, when he lied to the nation yet again by claiming he had not asked the army to intervene in breaking the deadlock. This particular lie was quickly exposed, when the ISPR swiftly moved to dispel this notion and released a statement confirming that it had indeed been asked by Sharif to meet with the PTI and break the deadlock in Islamabad.

Given this track record, it is no surprise that Nawaz Sharif has surrounded himself with people who share his lack of morals and integrity. People like Pervaiz Rasheed and Rana Sanaullah, appear on national television daily, and blatantly lie to the country. When a PTI rally is attacked by PML-N goons, Rasheed and Sanaullah appear on TV, claiming no such event occurred. When video footage is released showing the act in progress, and the PML-N affiliated culprits, these same people continue to deny the event, and instead of accepting responsibility, they attempt to cast suspicions on the footage itself.

This is a shameful reality of Nawaz Sharif and his henchmen, who have used every possible avenue and opportunity to hide facts, obstruct the course of justice, and continue to deny facts and figures, even when confronted with factual evidence. From refusing to accept their role in the rigging of the 2013 general elections, to the cold-blooded murders of innocent civilians in Lahore, Islamabad and Faisalabad, or the millions spent on buying the loyalties of media houses and journalists. The list is endless.

Characters like Khawaja Saad Rafique, caught on camera manipulating the elections in his own constituency, were rewarded for stealing the election through the Ministry of Railways. Interestingly however, Saad Rafique has not managed to enjoy his stolen victory these days, as his constituency is at the top of the list of constituencies the PTI is bent on auditing. If that was not enough, Iqrar Ul Hassan and the ARY team recently exposed a major scam at the Ministry of Railways, causing Saad Rafique sleepless nights.

To add a little bit of color or craziness, depending on which side of the bench you are sitting on, PML-N recently also activated the likes of Marvi Memon, another Pervaiz Rasheed protégé who seems to be well on course for replacing Rasheed as the PML-N’s most naturally gifted liar within its ranks. Memon, who also seems to enjoy spending tax payer funds at the PTV offices in Islamabad attempting to combat PTI’s social media team, is best known for her loyalty to her-then “Uncle” Pervez Musharraf, and the PML-Q. Clearly however, once that honeymoon was over, she came to the understanding that she belonged in the PML-N, a party that was filled with people with “distinguished” pasts such as herself

 

Nawaz Sharif in Hall of Fame of Panama Papers

 

 

Indeed, the majority of the people who left the PML-N high and dry in 1999 and 2000, were all accepted back into the ranks by the Sharif brothers, and today hold important positions within the party. This despite the fact, that the Sharif’s are on record in the news and print media, swearing that they will never accept the people who were part of Musharraf’s regime, or those who had left the party after the Sharif’s were thrown out of power, back into the PML-N.

The lesson therefore is quite clear – if you are looking for a party that has an abundance of compulsive liars, party-hoppers, thugs and criminals, then you do not need to look any further than PML-N.

 

Nawaz Sharif Has Lost Pakistani Nation’s Trust Forever

 

 

 

Lies Liars and Nawaz SharifSuch is the reality of the PML-N, that it becomes painfully obvious why PTI Chairman Imran Khan and the PTI leadership do not trust Nawaz Sharif and his party. The characters within the PML-N, each have a past and track record of lying, dodging the law and resorting to violence and threats when confronted with factual evidence of their wrong doings. In such an environment, expecting them to stick to their word is equivalent to expecting it to snow in Karachi! To say the chances are slim, would be an understatement.

What then is the next option? Plan C is in motion, sending a clear message that the PTI will not back down from its constitutional right, and will display its incredible street power in a peaceful protest across Pakistan. We have already witnessed the incredible resilience and passion of PTI workers and supporters across Pakistan and overseas, and this wave of support will continue to grow and remain focused on the goals of the Azadi March which originated from Lahore on August 14th.

However, the PTI leadership must continue to tread cautiously while dealing with the PML-N, given the history of lies and deceit that are part and parcel of PML-N, and its leadership which is full of shady characters, most of whom would have been disqualified from ever holding any public office, if we had an election commission with any backbone and integrity. Sadly, the ECP much like the Judiciary is living in its own version of Pakistan, where apparently everything is working perfectly as long as Constitution Avenue remains clear for their motorcades, and their pay cheques continue to flow into their bank accounts.

Courtesy:

http://insaf.pk/mediagallery/blogs/17922-lies-liars-and-nawaz-sharif-by-yasir-shah

 

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