More Sharif Brothers’ Corruption Scandals

Recently money laundering by Sharifs was exposed in the press (but they have somehow managed to quash it or it lost attention of the press due to the NRO issue). It is also a surprise how the owners of 10 sugar mills managed to stay clear of the sugar scandal when there are no doubts of their involvement.

Now we are told they are certainly involved in many others and might have stayed clear by forcing the removal of  chairman of NAB, Lt Gen (retd) Shahid Aziz. Their parners in crime? President Asif Ali Zardari, Chaudhry Shujaat Hussain, Humayum Akhtar, Jehangir Tareen, Altaf Saleem, Nasarullah Dareshak, Anwer Cheema and Mian Azhar in scams relating to sugar, edible oil, stock exchange and petroleum products.

Related:

Shabaz Sharif set to sell government property (which will be anything but ‘transparent’

Shahbaz on way to London to meet Altaf Hussain

PML-N colluding with PPP on NRO-Plus, the new ‘accountability’ bill

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13 Responses to “More Sharif Brothers’ Corruption Scandals”


  1. 1 Aamir Mughal December 16, 2009 at 7:52 am

    The Funniest Thing rather a Fact that Jang Group of Newspapers had raised hell against the Former Senator Saifur Rehman during 1999
    Senator Saifur Rehman (PML-N) VS Jang Group of Newspapers. http://chagataikhan.blogspot.com/2009/11/senator-saifur-rehman-pml-n-vs-jang.html and in 20009 it is the same Jang Group of Newspapers i.e. Mir Shakilur Rehman [MSR] Dr Shahid Masood, Muhammad Saleh Zaafir, Kamran Khan, Ansar Abbasi, Muhammad Ahmed Noorani AND OTHERS who are making a Hero out of Saifur Reham [as per law a proclaimed offender and fugitive] him, and telecasting his live program on Meray Mutabiq GEO TV DATED 14 DEC 2009.

    Saif decries pending action against him Wednesday, December 16, 2009 By our correspondent http://thenews.jang.com.pk/top_story_detail.asp?Id=26114
    Musharraf took $10m bribe in power project: Saif Says Swiss cases contained irrefutable evidence Wednesday, December 16, 2009 News Desk http://thenews.jang.com.pk/top_story_detail.asp?Id=26113

    Mr. Ansar Abbasi [Jang Group] and Anjum Niaz [Jang Group] on Senator Saifur Rehman which is being praised by Jang nowadays.

    Such influentials, besides Pervez Musharraf and Shaukat Aziz who fled from the country within weeks after completing his tenure, includes former PML-N senator Saifur Rehman and top parliamentarians and retired defence officers. In the case of Saifur Rehman, whose Chak Shahzad farmhouse is also being used as Redco’s site office, SDO Jamil said his connection was changed a few months back and given industrial tariff. The Admin officer at Rehman’s site office when contacted did not offer any comment. However, the electricity bill of Saifur Rehman’s place shows that the D-2(1) tariff is still intact at his residence though it was showing not to have consumed even one unit of electricity since January this year. An Iesco source said at least 24 air conditioner units are fixed in the Redco farmhouse buildings. The SDO also confirmed that a former ISI chief, who is also residing in the same locality, was provided free-of-cost transformer and poles, etc., following orders of the then-Iesco chief Brigadier Shahbaz.

    Documents reveal power scandal in Chak Shahzad palaces Government found illegally subsidising Musharraf, Shaukat’s electricity bills By Ansar Abbasi Saturday, May 23, 2009
    http://www.thenews.com.pk/daily_detail.asp?id=179121
    ISLAMABAD: It is not just General Pervez Musharraf, who is caught in the Chak Shahzad power scam for using more electricity and paying less money, another former president, an ex-prime minister and a serving general too are found either using “illegal electricity tariff” or involved in cases of ‘irregularity in billing’ owing to faulty meters. These include such luminaries as former interim president and ex-chairman Senate Wasim Sajjad; ex-caretaker prime minister and ex-chairman Senate Muhammadmian Soomro; ex-chairman of the disbanded Ehtesab Bureau and former senator Saifur Rehman; Corps Commander Gujranwala and ex-DG ISI Lt Gen Nadeen Taj and others. Farmhouse No 10-B, where former Senator Saifur Rehman’s brothers live, too is found to have been using wrong tariff. The name of the subscriber in the IESCO’s record in this case is Ahmad Touqeer Naqvi. REFERENCE: Lt-Gen Nadeem, Wasim Sajjad, Soomro among power defaulters By Ansar Abbasi Friday, June 19, 2009 http://www.thenews.com.pk/print1.asp?id=183730

    Made to order media By Anjum Niaz 22-November-2008 http://www.anjumniaz.com/Made_to_order_media.php
    The Sharifs today form an open season for media to hunt. Nethermost was their treatment of the media when in power. Saifur Rahman, trained by Nawaz Sharif was his attack dog. Rottweiler Rahman would pick up the phone and bark his threats. The measly-mouthed man meant what he said. We know of editors and reporters mauled by his intelligence agencies. That was the era of the white tinted-glass Toyota Corolla chasing you on Islamabad streets. However, lifafa journalism was thriving. Media men, who got their sons stuffed in lucrative posts like the FIA and other money-making jobs, or got fat on state largesse doled out by the Sharifs, today continue to be ace columnists and TV gurus. They are bounty hunters looking for new booty from anyone who will bite. Some of them have already wormed their way to cushy jobs in the media.

  2. 2 Aamir Mughal December 17, 2009 at 7:42 am

    It said in February 2001, the Sunday Times published a report based on transcripts of 32 audio tapes, which revealed that Qayyum convicted Benazir Bhutto and Zardari for political reasons. The transcripts of the recordings reproduced by the newspaper showed that Qayyum asked the then prime minister Nawaz Sharif’s anti-corruption chief, Saifur Rehman, for advice on the sentence: “Now you tell me how much punishment do you want me to give her?” Malik Qayyum in new row over rigging By Muhammad Ahmad Noorani AG caught on tape again; denies HRW report Saturday, February 16, 2008 http://www.thenews.com.pk/top_story_detail.asp?Id=12981

    The Friday Times, Editorial by Najam Sethi, Feb. 15, 2001
    http://www.chowk.com/interacts/4948/1/0/a

    The Sunday Times of London has recently published a story that damns politicians and state institutions alike in Pakistan. The report suggests that an official of the Intelligence Bureau was ordered in 1998 by the head of the Accountability Bureau, Mr Saif ur Rehman, to tap the telephones of Justice Abdul Qayyum of the Lahore High Court (illegal order by politicians, illegal implementation by IB). The IB official later pocketed the tapes and decamped to London, eventually handing them over to the British newspaper. If true, the conversations between Justice Qayyum and Saif ur Rehman, Khalid Anwar (then law minister), Mrs Abdul Qayyum and others are fascinating because they reveal the political bankruptcy of the system and those who are elected or nominated to make it work.

    The tapes suggest that Justice Qayyum was bullied by the then prime minister Nawaz Sharif and his minions into convicting former prime minister Benazir Bhutto and her spouse Asif Zardari for corruption in 1998. This means that – irrespective of the substantial evidence laid against the two accused – the trial wasn`t conducted entirely in a free or fair manner as required by law. Ms Bhutto shrieked as much during and after the trial but critics, including TFT, dismissed her allegations against Justice Qayyum as inconceivable. Hence when the review petition comes up for hearing before the Supreme Court on February 26, the court will be hard put to choose between acquitting the couple or ordering a fresh trial. If it clings to a third option – upholding the verdict – it risks being tarred by the same brush.

    • 3 nota December 18, 2009 at 10:30 am

      “The tapes suggest that Justice Qayyum was bullied by the then prime minister Nawaz Sharif and his minions into convicting former prime minister Benazir Bhutto and her spouse Asif Zardari for corruption in 1998.”

      I would take exception to the “bullied” part. Qayyum I bet you was a willing participant. No bullying was needed — just some cash. That this piece comes from Sethi (“Editorial by Najam Sethi”) certainly is no surprise and confirms what I said.

      (This might be an excuse Qayyum used to kiss up to Zardari but it just cannot be true. Qayyum has a well-known track record)

      • 4 Aamir Mughal December 18, 2009 at 8:48 pm

        Roedad Khan and NRO!

        The PML-N has fielded Roedad Khan as the covering candidate. Fourteen nomination papers of 13 candidates were filed in Lahore, 17 of eight candidates in Karachi and one in Peshawar. No papers were submitted in Quetta. Election Commission’s secretary Kanwar Mohammad Dilshad told Dawn that nomination papers of nuclear scientist Dr Abdul Qadeer Khan had not been submitted. 32 file papers for presidential poll By Iftikhar A. Khan August 27, 2008 Wednesday Sha’aban 24, 1429 http://www.dawn.com/2008/08/27/top1.htm

      • 5 nota December 19, 2009 at 2:39 pm

        You know what I am happy about? People are finally starting to remember what big crooks the Sharifs’ are. COuple of days ago Mubashar Lucman did a show on their path to getting rich and I am sure there will be plenty more….I am concentrating on just the new stuff (and believe me there is plenty!!!!)

      • 6 Aamir Mughal December 25, 2009 at 4:51 pm

        NRO: How “Conveniently” Pakistani Media Taliban Forget [Particularly The News]

        read and laugh OR LAMENT.

        “QUOTE”

        How is it that those behind the deal-making based on this unconstitutional and illegal ordinance were not named and shamed/charged outright? Indeed, as reported widely at the time, the present chief of army staff was the DG ISI when the final draft of the NRO was being presented to Benazir in Dubai and was part of Musharraf’s team sent to convince her. Let us be grateful for small mercies By Kamran Shafi Tuesday, 22 Dec, 2009 http://www.dawn.com/wps/wcm/connect/dawn-content-library/dawn/the-newspaper/columnists/let-us-be-grateful-for-small-mercies-229

        Read ANOTHER ROCKET.

        Interestingly, General Kayani was the only senior officer present with President Pervez Musharraf when he had the historic meeting with Benazir Bhutto at the Musharraf palace in the suburbs of Abu Dhabi in July this year. Then he was the director general inter-services intelligence (ISI). General Kayani also took part in the interactions and deliberations with different political leaders, including Benazir Bhutto, for quite sometime till his promotion as the four-star general. The meeting at the Presidency was also attended by the prime intelligence agencies and other heads of the law-enforcement agencies. The initial report that was submitted to the high-level meeting disclosed that Benazir Bhutto was hit by the ball bearings of the suicide bomber’s jacket that hit and cut her jugular vain. It was not a bullet, president told at high-level meeting Friday, December 28, 2007 http://www.thenews.com.pk/print3.asp?id=11928

        Here’s what I wrote two years ago: “By now, the dynamics set in place by America seem immutable: what Washington wants, it gets. Never mind about the people of Pakistan and what they wanted. Benazir Bhutto made Washington her second home this summer. And it paid off. The State Department turned a brokerage house facilitating political deals between Bhutto and the Pakistan Army led by General Musharraf’s heir-in-chief, General Kayani. The broker, that is America, stands to reap huge dividends… Secretary of State Rice admitted that America was pressing General Musharraf “very hard” to allow for free and fair elections. When asked if Benazir Bhutto had a role in the future political setup, she answered, “Well, I don’t see why not”. When asked how the corruption cases against Benazir Bhutto would play into the new equation, Condi Rice deflected it by going off on a tangent: “There needs to be a contested parliamentary system, but whether or not she is able to overcome that and whether Pakistanis are willing to allow that is really up to them.” The reason for her gobbledygook response is now as clear as the blue sky. Washington was working around the clock to get Musharraf to pass an ordinance providing amnesty to Bhutto for her alleged corruption. And Ms Rice was the one pushing the general to go for it.” Last tango in Washington — II Wednesday, October 28, 2009 Anjum Niaz
        http://www.thenews.com.pk/daily_detail.asp?id=205482

        Pakistanís cadre of elite generals, called the corps commanders, have long been kingmakers inside the country. At the top of that cadre is Gen. Ashfaq Parvez Kayani, General Musharrafís designated successor as Army chief. General Kayani is a moderate, pro-American infantry commander who is widely seen as commanding respect within the Army and, within Western circles, as a potential alternative to General Musharraf. General Kayani and other military leaders are widely believed to be eager to pull the Army out of politics and focus its attention purely on securing the country. If Musharraf falls… Friday, November 16, 2007 US making contingency plans
        http://www.thenews.com.pk/top_story_detail.asp?Id=11176

        A former U.S. intelligence official who dealt personally with Kiyani says the ISI “took a lot of bad guys down” under his leadership. Kiyani has earned his boss’s confidence, even serving as Musharraf’s personal envoy in recent talks with exiled opposition leader Benazir Bhutto. The Next Musharraf A Westernized, chain-smoking spy could soon become the most powerful man in Pakistan. By Ron Moreau and Zahid Hussain | NEWSWEEK From the magazine issue dated Oct 8, 2007 http://www.newsweek.com/id/41883

        “unquote”

      • 7 nota December 25, 2009 at 5:07 pm

        I think I was talking the same here and here and here

    • 9 nota December 20, 2009 at 7:49 am

      And let’s not forget this one out today. The trick the Sharif brothers used was ‘surrendering’ their assets to the High Court as payment for the loan default BUT having their relatives sue against the surrender claiming it was “joint” property and the Sharif Bbrothers had no right to surrender it. If that is true, it itself is a crime, isn’t it? And what are the courts doing NOT deciding it for over 11 years? What excuse they have now?? The Sharifs are now trying to get the property back saying they will repay the loan, knowing full well the value of assets has multiplied many-fold.

      Rs3 bn loan outstanding since ’98

      Ahsan terms it ‘technical default’, no loan write-off ever sought

      Sunday, December 20, 2009
      By Rauf Klasra

      ISLAMABAD: A loan of Rs3 billion against the Sharif brothers remains outstanding despite a lapse of about ten years when the physical assets of four industrial units — Ittefaq Foundries, Brothers Steel, Ittefaq Brothers and Ilyas Enterprises — were surrendered to nine lending banks, who haven’t got a penny back since 1998.

      The Sharif brothers were lauded in the national press in 1998 for surrendering their physical assets to nine banks but in actual terms, these banks did not get a single penny back after one of their (Sharif’s) own directors moved the court and got a stay order against selling of these assets. The stay order in favour of Ittefaq Brothers remains effective till date.

      Meanwhile, the representatives and legal experts of these nine banks are said to have recently met at Lahore to decide a new course of action to recover the loans from the Sharif brothers who have been shown as “defaulters” of the banks. The National Bank of Pakistan is the worst affected bank with a stuck up loan of Rs1.5 billion. Earlier, in his capacity as Prime Minister, Nawaz Sharif in a highly charged televised address to the nation, had announced to surrender all the physical assets of Itefaq Foundries, Brothers Steels, Ittefaq Brothers and Ilyas Enterprises to the nine banks, whom the Sharifs reportedly owed Rs3.09billion.

      The process of selling the Ittefaq Foundries was stopped when one of the relatives of Sharif Brothers moved an application in the Lahore High Court in 2005 and the matter is still pending with the courts without any payment to the concerned banks.

      According to official documents available with The News, in 1998, the directors of Ittefaq Group offered to surrender these units to settle the claims of all the banks instead of making cash payments to settle their accounts. Nawaz Sharif as the prime minister had then announced to hand over these assets to the Lahore High Court to monitor the sale of assets of his units.

      The names of directors of Ittefaq Foundries are Mian Tariq Shafi, Mian Javed Shafi, Mian Abbas Shafi, Mian Riaz Miraj, Mian Shahbaz Sharif, Mian Yousuf Aziz and Mian Nawaz Sharif. Likewise, the directors of Brothers Steels included Mian Yousuf Aziz, Mian Yahya Siraj, Mrs Nusrat Shahbaz, Mian Naseem Tariq, Mian Memoona Idris, and Hussain Barkat. The directors of Ittefaq Brothers were Mian SHahbaz Sharif, Mian Mohamamd Idris and Mian Pervaiz Shafi.

      According to the official papers, Shahbaz Sharif and Nawaz Sharif owed bank loan of Rs1.5billion to National Bank of Pakistan, HBL Rs717million, UBL Rs340million, MCB Rs239million, Ist Punjab Mudraba Rs110millino, Bank of Punjab Rs61million, ADBP Rs58million, PICIC Rs17million and ICP Rs8million.

      The papers reveal that when the assets of these four defaulting units were surrendered to the LHC, in a bid to settle their claims all the banks unanimously agreed to get the court order to this deal.

      The documents showed that while hearing this application under section 284, the Lahore High Court ordered to constitute a committee comprising 3 members, a representative of banks, a chartered accountant and an advocate being the court representative. The mandate of the committee was to take the possession of the said units of the Ittefaq Group, to protect and preserve their assets and to auction them through court procedure.

      Under the said committee a bid of Rs2.48billion was received which was about half a billion rupees less than the actual loan money. The bid was submitted to the court in 2005. However, the final court order for auction has not been yet issued till today following the petition filed by some of directors of the Ittefaq Group.

      In 2006, committee member Iqbal Haider Rehman after his appointment as additional judge Lahore High Court was replaced by Pervaiz Akthar Malik, advocate and Kamran Amin NBP, due to change of his assignment in the banks, was replaced by Mr Salaim Ansar. Now this committee comprised Salim Ansar, Khajwa Abdul Qadir and Pervaiz Akhtar Malik.

      The official papers show that since filing of the bid of Rs2.48billion with the court in 2005, duly accepted by all the banks and recommended by the committee, the matter was still stuck up at the Lahore High Court for an order and despite all efforts of the committee, no progress has been made. The documents show that several meetings of the creditor banks had been convened by NBP at Lahore where the legal experts other than the dealing councils of the banks were also invited to consider the alternative course of action to expedite this matter. However, legal complications have arisen to such an extent that no concrete solution of the problem could so far be unanimously adopted.

      Talking to The News, president NBP Ali Raza confirmed that a sum of Rs1.5billion was outstanding against the Sharif brothers as the loan was yet to be settled. He said the physical assets were surrendered by the directors of these units but the court had yet to give its approval to the bidding price of Rs2.4billion obtained in 2005.

      Talking to The News, PML-N spokesman MNA Ahsan Iqbal said that there was an understanding with the banks in 1998 and the physical assets were handed over to them as part of “settlement”. He said actually the Sharif brothers never got their loans written off and the matter was declared “technical default” after the banks were put under pressure during the second government of PPP to seek the payment of loans prematurely.

      He said this was a sort of “technical default” and the cases later landed in the court.


  1. 1 Another Zardari/Sharif Collaboration « F*ck Politics Trackback on November 26, 2009 at 7:52 am
  2. 2 Another Zardari Ali Zardari And Sharif Brothers Collaboration | :: Express Yourself :: Trackback on November 28, 2009 at 8:12 pm
  3. 3 Another Asif Ali Zardari and Sharif Brothers Collaboration | :: Express Yourself :: Trackback on November 28, 2009 at 8:40 pm

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