Special Assistant to Prime Minister on Accountability Barrister Shahzad Akbar Thursday said the contractor of New Islamabad Airport Mian Munir transferred kickbacks of Rs 560 million in to the accounts of Chaudhry Sugar Mills, owned by Maryam Nawaz.
Talking to media here, he said the Technical Associates, one among the three contractors of New Islamabad Airport owned by Mian Munir, also transferred Rs 50 million in the account of then advisor to prime minister for aviation Shujaat Azeem in June 2015. He said 45 percent shares of Chaudhry Sugar Mills are owned by Maryam Nawaz Sharif. Mian Munir is the father-in-law of the daughter of Maryam Nawaz.
In May 2017, he said, the Technical Associates had transferred Rs 310 million in the account of Chaudhry Sugar Mills via various accounts. Likewise, in December 2017, another Rs 250 million were transferred in to the account of Chaudhry Sugar Mills. He said Chaudhry Sugar Mills, having over Rs 5.6 billion assets, was established by Nawaz Sharif in 1991. Interestingly, the declared assets of Nawaz Sharif were only Rs 1.3 million, which clearly indicates that Nawaz had no assets to establish a sugar mills, he said.
Former finance minister Ishaq Dar established an offshore company, Chadron Jersey Limited, in 1991 in United Kingdom and France in collaboration with Faisal Investment Bank. The company sought loans of $15 million for importing plants and machinery for establishing a sugar mills. But the machinery of Ittefaq Foundry was installed after getting Rs 398 million loan from the Faisal Investment Bank and its loan was paid back. However, no machinery or plant was imported from abroad. The Sharifs after getting special permission from State Bank of Pakistan transferred $20 million dollars to the account of Chadron Jersey Limited. Investigation agencies said that $20 million was transferred to United Kingdom from 1995 to 1999.
Obviously, Chaudhry Sugar Mill did not have the resources to pay such huge loans, the amount was stashed abroad. According to the website of World Bank’s Star Programme, the real owner of Chadron Jersey Limited was Nawaz Sharif. The nine international offshore companies involved in money laundering had the same address, he said.
Shahzad Akbar said former finance minister Ishaq Dar had deposited $15.37 million (of Nawaz Sharif), after opening six fake accounts in Bank of America, now Standard Chartered Bank, by using the passports of Qazi family. In 1994, the same fake accounts were shifted to Faisal Bank. A loan of Rs 80 million was obtained from Faisal Bank for Chaudhry Sugar Mills, Rs35 million loan was obtained for Ishaq Dar from the same bank and Rs70 million loan was obtained for Hamza Board Mills Limited.
Ishaq Dar had already confessed in 2000 that Qazi family had no links with the accounts opened in their names. He said Khawaja Zubair Ahmed of Pak Punjab Carpets obtained Rs 65 million loan from National Bank of Pakistan and Mehran Bank and transferred it into the account of Chaudhry Sugar Mills. As a reward, the loan of Rs 105 million of Pak Punjab was written off by the State Bank of Pakistan in 1998. He said an amount of US $15.37 million from Qazi family’s fake accounts were sent to Dubai. “Saeed Ahmed, former president National Bank of Pakistan had also stashed $3.75 million to Dubai. A fake TT of $19 million in the name of Siddiqua Syed had also been transferred in the account of Chaudhry Sugar Mills in 1998,” he said.
Likewise, in 2001, $1.25 million fake TT in the name of a Saudi national Hani Ahmed was transferred to accounts of Chaudhry Sugar Mills, he said. Yet another fake $1.25 million fake TT using the name of Nasir Abdullah Lootha were transferred into the account of Ramzan Sugar Mills in 2001. The same amount was transferred in the account of Chaudhry Sugar Mills in 2008, he added.
Another fake TT of Rs 33 million using the name of Makhdoom Umer Shehryar (Lahore) was also transmitted into the account of Chaudhry Sugar Mills in 2011. The amount was transferred to Umer from Dubai by fake TT. He said the investigators have detected that three fake loans were transferred into the accounts of director of Chaudhry Sugar Mills in 2010. He said in 2010, Hassan Nawaz transferred $ 1 million loan amount in the account of Chaudhry Sugar Mills as a director, the factual position is that Hassan had already tendered resignation from the mill in 1995, thus he did not qualify to obtain loan. Yousaf Abbas Sharif transferred Rs 1 billion into the account of Chaudhry Sugar Mills from 2010 to 2018 as a loan. Abdul Aziz Abbas Sharif had also transferred Rs 30 million in Chaudhry Sugar Mills account as a loan in 2013.