He may lie a little, take U-Turns but he isn’t corrupt at all said Tyrion Jade White.
I’m talking about Mr Imran Niazi ex cricketer he is also famous for first ever cricket captain who introduced Pakistan cricket team to gamblers and match fixers. Imran Ahmed Niazi said “It took me a year to clear the debts the party had incurred during the elections. I cleared our last remaining debts in an unusual way, I was with my family in England, and my brother-in-law, Ben Goldsmith, kept asking me about what would happen in an England versus South Africa Test match. I discovered his interest came from his ‘spread-betting’ on the game. I decided to watch the match, and that every pound he made after recovering the £10,000 lost would go towards clearing my party’s(PTI) debt”.
Former Pakistani cricket Captain Imran Ahmed Niazi also heads the Board of Governors of the Shaukat Khanam Memorial Hospital and The Imran Khan Foundation.
The Imran Khan Foundation (IKF) is a nonprofit corporation registered in California USA founded by Imran Khan and controlled by his political party, AP found out some not-so-transparent dealings of Imran Khan Foundation in the way they distributed money which was collected as Flood Relief donations as everybody knows the board of directors of the IKF are also wingman/aide to Imran Khan’s PTI.
Associated press investigation team derived variegated documents from Internal Revenue Service. The IRS form 990 for the IKF from 2007-2014 were carefully estimated. IRS Form 990 are all public documents per internal revenue service code and they’re required to be filed by each non-profit organization on a yearly basis. These documents can also be obtained from a publicly accessible database on the USTD.
IKF raised funds in the US and transferred to relief efforts in Pakistan between 2007 and 2010, IKF transferred about $187,000 to Pakistan and recipients were the Mianwali Development Trust, Namal Education Foundation, Pakistan Insaf Welfare Trust, and Swat Relief Fund PTI, For each grant the IRS was notified that there is no relationship between the donor to the beneficiary, even with the fact that each of the grants were made to funds in Pakistan established by Imran Khan and modulated by his party. This is not it, In 2010, in response to the historic flooding in Pakistan, IKF reported revenue totaling $5,956,654. However, only $144,851 was reported in expenditures that year. In 2011, IKF reported revenues of $793,903 with expenditures of $372,858 leaving $6,240,269 cash on hand at the end of 2011, then in 2012 IKF made a huge financial transaction of $5,501,205 and reported as having been made as an unspecified cash donation in Pakistan.
The most shocking thing is funds weren’t actually used for flood victims but being used for political sit ins and gatherings of PTI, it is our right to know where and how these donations were utilized because that’s public money unfortunately Imran khan ignored all requests to clarify his position.
$6,240,269 is neither a joke nor ‘insaf’ but a weighty discrepancy, Imran may lie take U-Turns but he isn’t a corrupt politician.
Imran Niazi keeps roaring on the money of political leaders abroad and how that is hitting hard our country’s development i was reading financial statements of Shaukat Khanum Memorial Trust audited by AF Ferguson & Co and realized he is telling the truth.
Here are some highlights:
During 2009, the cash donations and zakat received by the Trust was Rs. 1.485 billion compared to Rs. 1.106 billion in 2008. The statements do not show the sources of the donations i.e. geography. We don’t know how much was raised in Pakistan and how much abroad. We can assume that if not majority, a significant amount is raised in Pakistan.
Imran Khan talks against money being kept abroad. In notes to accounts number 11, I can see an amount at cost of US $5.5mn invested in form of capital protected notes in foreign funds. With interest rates down globally I am sure these notes are not yielding much.
As much as $3mn is invested in a Virgin Islands based SPV called Cinnabar International Services that is doing a real estate project in Oman. The Omani market is as much affected like the rest of GCC. Based on investment analysis some Omani companies are down 35pc on the valuation. One also must ask why is the portfolio restricted to Oman? Isn’t this against the concept that Imran Khan keeps talking about. Instead of investing his portfolio in Pakistan where his own project that is operational he is investing abroad? By the way, the project in Oman is run by a company whose CEO is a member of Board of Governors of SKMT named Imtiaz H. Hyderi. Isn’t that a conflict of interest?
As much as Rs. 99 million in Bank of Punjab as fixed deposit and NIB Bank Rs. 18 million. The return expected is not known. These two are not the top tier banks of Pakistan. It is also a matter of surprise that Bank of Punjab is considered to be in trouble in light of their performance and the scandals. Why does the Trust consider these two banks only for their fixed deposits?
There is another $4mn invested with Credit Agricole funds in Guernsey without explanation as to where the money is being invested in.
Visionary leader investing money raised from general public in risky avenues, Investments of almost 1.069 billion go bust, charity, donations , gratuity all public’s money nonetheless ‘he may lie take uturns but he isn’t a corrupt politician.’
“Speaking to reporters at London Heathrow Airport, Imran Niazi said he formed the offshore firm on the advice of his accountant to evade taxes during his playing days to buy a flat in London.” via dawn news.
“I was already paying 35 per cent tax on my income there, so to evade further taxes, I bought the flat through an offshore firm, which was my right as I was not a British citizen,” Imran told the reporters.
Mr pioneer of offshore companies further said, I have formed a ‘legal’ offshore company through my earnings.In an interview PTI spokesman Naeemul Haq said Imran Khan himself owned the flat and it was not bought by an offshore company but according to the paper ‘Benami’ offshore firm ‘Niazi Services Limited’ owned Imran Khan’s flat in South Kensington, London. ‘Niazi services limited’ was established for sporting consultancy and was active till 2011 The London flat was however sold on March 17, 2003 when asked why he denied the existence of the offshore company earlier, He simply said he forgot.
PTI is the most controversial party in Pakistan running anti corruption campaigns with the looted money, hypocrisy much?
Authorities sacked PTI KP ministers over corruption charges, there is another corruption scandal of 3 million dollars Leader PTI US Mr mahboob aslam asked Imran khan for the detail of three Million Dollars that he collected from USA for party fund and Imran Khan in fury kick him out from his house in Bani Gala he is not a member of the party anymore.
It is no secret that Mr Ikram ullah Niazi father of Imran Niazi was dismissed over corruption charges Bhutto dismissed a group of corrupt government servants and Imran Khan’s father was one of those corrupts.
There is a misconception about imran niazi that he may lie take U-Turns but he isn’t a corrupt leader allow me to correct you; The first and foremost thing he isn’t a leader but a most corrupt politician and the second thing is he isn’t a leader but a former cricketer turned cheap mimicry artist.