ISLAMABAD: Federal Investigation Agency (FIA) on Tuesday registered a case against Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan and 10 other leaders in case of prohibited funding.
The case was brought by the state through the FIA’s corporate banking circle. in Islamabad. first information report (FIR), states that Arif Masood Naqvi is the owner of Wooton Cricket Limited – transferred “unfairly” money to a United Bank Limited (UBL) account registered in the name of of PTI.
The First Information Report (FIR) stated that the defendants, including former Prime Minister Imran Khan violated the Foreign Exchange Law and all of appointees were beneficiaries of in private bank Account.
The individuals nominated included Sardar Azhar Tariq, Saifullah Nyazi, Syed Yunus, Aamer Mehmood Kiani, Tariq Sheikh and Tariq Shafi, while manager of in private bank was also nominated in spruce.
According to the FIA, PTI had private bank account called Naya Pakistan, while, bank manager illegally allowed to manage the account.
It stated that $2.1 million had been contributed by the Abraaj Group, while PTI submitted Arif Naqvi’s affidavit to the Electoral Commission. of Pakistan (ECP) that the company deposited a huge amount of money to the political party bank Account.
FIA stated in FIR that the affidavit was false and fake. political party It was also received funds from Wootton Cricket and head of in private bank assisted the accused by providing suspicious records.
“The goal is stated in quick messages of transactions are “negotiated transfer” to disguise true nature source, location, movement and ownership of these funds. Arif Masoud Naqvi also founder/owner of Abraaj Group, UAE, which collapsed in 2018. Arif Masood Naqvi lied about performance of Abraaj’s funds, overstating their value,” the complaint says. added.
“Therefore, the Dubai Financial Services Authority (DFSA) imposed fines. on two Abraaj Group companies for carrier out unauthorized activity in Dubai International Financial Center (DIFC) and abuse of investor confidence money. The regulator imposed fines in the amount of $299.30 million. on Abraaj Investment Management Limited and Abraaj Capital, respectively.”
It was further stated that Naqvi was also facing tests in United Kingdom and United States for cheating depositors.
FIR also stated that UBL management should have reported the 12 CTR/STR to the authorities, but they failed to do this. “Chaudhary Shahid Bashir, operation manager of UBL branch on Jinnah Avenue in Islamabad facilitated these suspicious/illegal transactions by not reporting the aforementioned illegal activities to concerned authorities and also E-merchant acquiring agreement changing the name is allowed of account Naya Pakistan”.
The FIA subsequently said that the Section 420 case (fraud and dishonest coercion of delivery of property), 468 (fake for goal of deception), 471 (using as a genuine forged document), 477-A (falsification of accounts) and 109 (punishment of incitement if the act was committed as a result of incitement and in the absence of an express provision made for his punishment) of Pakistan Penal Code has been registered against Imran, his party leaders and leadership of UBL.
They have also was booked under Section 23 (penalty and procedure) of Currency Regulation Act 1947.
FIR comes a few days after FIA took Saifulla Nyazi and Amir Zaman taken into custody for interrogation in the case drew several condemnations from party.
Prohibited funding case
Last month, the ECC issued its verdict in the Prohibited Funding Case – formerly known as the Foreign Funding Case – against PTI, which stated that party did indeed receive prohibited funding.
ECP of three bench led by Chief Commissioner for Elections Sikander (CEC) Sultan Raja. announced verdict in a case brought by PTI founding member Akbar S. Babar that has been pending since November 14, 2014.
In its judgment, the committee noted that party “knowingly and willfully” received funding from Wootton Cricket Limited, operated by business tycoon Arif Naqvi. party was a “voluntary recipient” of forbidden money of $2,121,500, the report said.
The ECP stated that party “knowingly and intentionally” also received donations from Bristol Engineering Services (a UAE company), E-Planet Trustees (Cayman Islands) private registered company), SS Marketing Manchester (UK private company), PTI USA LLC-6160 and PTI USA LLC-5975, which were “hit by prohibition and in violation of Laws of Pakistan.
It’s gone on say that party also received donations through PTI Canada Corporation and PTI UK Public Limited Company. “From both companies, the amounts received on its accounts, of PTI in Pakistan hit by prohibition and in violation of Laws of Pakistan.
“PTI Pakistan, through fundraising campaigns led by PTI USA LLC-6160 and PTI USA LLC-5975, was the recipient of of donations from 34 foreign citizens and 351 foreign companies. Collection of donations and contributions from foreign citizens and companies hit by prohibition and in violation of Laws of Pakistan,” the statement said.
Election Observer also said PTI was found be a beneficiary of donations made Romita Shetty, American business woman of of Indian origin, who was in violation of law.
The EKP stated party owned only eight accounts before the commission and announced 13 accounts unknown. “Data received from the State Bank of Pakistan (SBP) reports that all 13 accounts waived by PTI were opened and managed senior PTI’s management and leadership [a] central and regional level.
The Commission noted that party also failed mention three accounts that were also operated by partyx senior leadership. Non-disclosure and concealment of 16 bank PTI reporting is a ‘serious omission’ on part of PTI guidance and in violation of Article 17(3) of Constitution, it says.