A federal investigation agency (FIA) has arrested former prime minister Imran Khan and other PTI leaders, according to a report released Tuesday.
In Islamabad, the state filed the case through the FIA’s Corporate Banking Circle. Dawn.com has a copy of the first information report (FIR), which states that Arif Masood Naqvi transferred “ill-gotten” money to an account registered at United Bank Limited (UBL).
As of 2018, Arif Masood Naqvi founded and owned Abraaj Group, UAE. Abraaj’s funds were overvalued by Arif Masood Naqvi.
Due to this, two Abraaj Group companies were fined by the Dubai Financial Services Authority (DFSA). As a result, the regulator fined Abraaj Investment Management Limited and Abraaj Capital $299.30 million.”
Naqvi is also facing trials for defrauding investors in the United Kingdom and the United States.
Aamer Mehmood Kiani, Tariq Rahim Sheikh, Tariq Shafi, Faisal Maqbool Shaikh, Hamid Zaman, and Manzoor Ahmad Chaudhary are named in the complaint.
Affidavits state that all funds collected by WCL went to PTI leaders.
In May 2013, two more transactions from WCL were made to two different accounts in Pakistan.
Further, the FIR stated that 12 CTRs/STRs had to be reported by UBL management, but they failed to do so. As part of the agreement, Chaudhary Shahid Bashir also changed the name of the account to Naya Pakistan.
420 (cheating and dishonestly inducing the delivery of property), 468 (forgery to cheat), 471 (falsifying accounts), 477-A, and 109 (punishment for abetting the act committed if no express provision exists). A charge has been filed against Imran and UBL’s leadership.
Foreign Exchange Regulation Act, 1947, Section 23 (penalties and procedures) also applies to them.
Several condemnations came from the party following the arrest of Saifullah Nyazee and Amir Zaman by the FIA for interrogation.
PTI leaders Inhibited funding
PTI received prohibited funding, formerly referred to as foreign funding, according to last month’s ECP verdict against them.
Akbar S. Babar had filed the case on November 14, 2014, but the election commission bench headed by Sikander Sultan Raja overturned it.
Business tycoon Arif Naqvi’s Wootton Cricket Limited provided funding to the party, according to the verdict. A total of $2,121,500 was transferred to the party by a “willing recipient”.
It was found that PTI USA LLC-5975 and PTI USA LLC-6160 accepted donations “knowingly and willfully”.
PTI Canada Corporation and PTI UK Public Limited Company also donated. This is illegal and illegal under Pakistani law.
34 foreign nationals and 351 companies gave to PTI Pakistan through fundraising campaigns by PTI USA LLC-6160 and PTI USA LLC-5975. Foreign nationals and companies cannot contribute or donate to Pakistan under Pakistani laws, it said.
Illegal donations
A US-based businesswoman of Indian origin made illegal donations to the PTI, the electoral watchdog said.
Despite the commission’s findings, the party had only eight accounts. In all 13 accounts disowned by the PTI, senior PTI management and leadership were responsible for opening and operating them.”
The party also failed to mention three accounts operated by its senior leadership. Despite Article 17(3) of the Constitution, the PTI concealed and failed to disclose 16 bank accounts.
The law states in article 17(3) that “every political party shall account for the source of its funds.”
Based on financial statements from SBP and other sources, PTI’s Form-I for 2008-2013 was grossly inaccurate.
Therefore, Article 6(3) of the Political Parties Order 2002 (PPO) applies. The commission directs the respondent party to be issued a notice of non-conviction under Rule 6. As a result of the commission’s order, the office must take any other legal action.”
Party accept individual donations
A party may only accept individual donations, gifts, and contributions from individuals, as per PPO Article 6(3).
Imran Khan failed to discharge his obligations under Pakistani statutes, the commission said in its order.
“Imran Khan’s submissions over the past five years have been grossly incorrect. The PTI failed to disclose the full source of its funds even during scrutiny and hearings by this commission,” it stated.
