Fraud claims against Mansoor Ijaz surface: Report

Published: February 28, 2012

Ijaz had defaulted on repaying $1.74 million in unpaid loans. PHOTO: REUTERS/FILE

NEW YORK: Mansoor Ijaz, the principal character in the Memogate case, has come under speculation for fraud, The Hindu reported on Monday.

According to the report, Ijaz had raised over $1.5 million from a San Marino bank on the pretext that he had the backing of a politically-influential Indian business family.

Letters filed by Ijaz before the New York Supreme Court, where he is seeking an extension to repaying his loans, show that he had told the court he had the backing of an investor, with close ties with Tata Motors in India to “invest close to $10 million in a company which would produce the world’s most energy-efficient powertrains.”

The contract for the deal had been signed in February 2008. He told the bank that he would provide details after a visit to India scheduled for late March, 2008. “Much hard work,” he wrote in a message to Banca Sammarinese di Investimento’s directors citing temporary business reverses for his default, “has gone into correcting the situation, above all to protect my political reputation and future role in American politics.”

However, the paper reported that Tata Motors denied that it ever had any dealings whatsoever with Ijaz, or his powertrain company EcoDrive. No publically available information could confirm whether Ijaz, or his company ever started work on the powertrain.

The Hindu further reported that immigration authorities could not offer evidence of any trip undertaken by Ijaz to India during that time.

Even after Ijaz was sentenced in September, 2010 to payback BSI sums upto $1.74 million, he was yet to do so.

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Reader Comments (22)

  • vaqar
    Feb 28, 2012 - 5:24AM

    What nonsense? Ejat does this have to do with the memogate investigation? What are you trying to achieve or influence?

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  • Feb 28, 2012 - 5:31AM

    I m sick of news related to Mansoor Ijaz, please put him aside and focus on the real issues of public

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  • Chacha Fazalu
    Feb 28, 2012 - 6:34AM

    People had been saying from the very beginning that he is an extortionist but Pakistan is Pakistan and gets carried away even if it is not true.
    Can someone tell us how much it cost the national exchequer.

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  • Akthar
    Feb 28, 2012 - 6:37AM

    Ijaz is a fraudster & Mr. Pasha of ISI would personally fly to talk to Ijaz regarding Memogate. What kind of reputation holds these people together?

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  • Vikram
    Feb 28, 2012 - 6:47AM

    This guy seems to be a crook.

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  • Ali Tanoli
    Feb 28, 2012 - 6:50AM

    He is greatest fraud man.

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  • Mirza
    Feb 28, 2012 - 7:02AM

    It is finally going to hit the fan. The foreign double agent is a real con man. It has conned not only HH but the PCO SC judges, ISI generals, and three sitting judges of our high courts. Let us continue to be fools. Now the truth is coming out why MI did not want the testimony in the US or Pakistan. He is wanted in both countries.

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  • Umar
    Feb 28, 2012 - 7:54AM

    Whatever, our MOST RESPECTABLE JUDGES have greatest RESPECT for him :)

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  • M. A. Changezi
    Feb 28, 2012 - 8:32AM

    Remember what he bragged? ‘I am an ultra rich man’. Lol! I met the guy once at uni party in states. Didn’t like him the time I had the displeasure of speaking to him. An egocentric and boastful lad to say the least. In my opinion, PAK judiciary is wasting it’s time with this lad.

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  • Ammad Malik
    Feb 28, 2012 - 9:38AM

    We love him … because he is the version of reality we long for so dearly

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  • Mr. Righty rightist
    Feb 28, 2012 - 9:45AM

    Pakistan is like a bigger version of Shoaib Akthar.

    Never getting anything right and when you do, you screw it up badly. Always controversial, never really productive.

    Everything related to Pakistan is like that – politics, army, isi…

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  • Basit
    Feb 28, 2012 - 9:47AM

    This is matter for US law. Why is ET interested in US financial news now?

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  • Democrat
    Feb 28, 2012 - 10:25AM

    with his qualification at least he should be a minister in our cabinet… i am sure he cannot compete with mr.gilani or mr.zardari but he will learn in their company…. jiye bhutto :)

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  • Very I
    Feb 28, 2012 - 10:30AM

    @Mirza: Considering the caliber at the top….it’s intermittent divine intervention that keeps our county afloat..

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  • kamran
    Feb 28, 2012 - 10:51AM

    This man swore reciting the kalima in front of the memogate commission, can we believe him and there are also many more cases against him in the the US that why he refuses to go to the US otherwise he will be arrested. Well done army you chose the right man for your job.

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  • Sadhu
    Feb 28, 2012 - 11:58AM

    @Pakistan politics:
    Tell that to your Sipahsalr and the CJP.Recommend

  • Beatle
    Feb 28, 2012 - 12:58PM

    @vaqar:
    Only to explain that the guy is a fraud – here or overseas.

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  • IZ
    Feb 28, 2012 - 1:37PM

    There is a little Mansoor Ijaz that resides in all of us…

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  • Zahid Malik
    Feb 28, 2012 - 6:29PM

    The way money from the national exchequer is being wasted on the Memogate scandal’s useless inquiry has to be condemned. This issue is only a drama authored by Mansoor Ijaz, an American businessman whose behaviour has shown that he is creating a farce out of Pakistan’s institutional tensions and conflicts. He is media-savvy and has been successful in getting the media’s attention. To become famous, he has created this scandal knowing that Pakistan’s scandal-hungry, newly independent media will blow this issue out of proportion. The role of the PML-N, the judiciary and the army in fanning the fire created by the so-called scandal has been disappointing. Pakistan has lots of other serious problems threatening its sovereignty. All of them should focus on them. So far Mansoor Ijaz has simply failed to prove his allegations against Pakistan’s president and former ambassador to the US, Husain Haqqani. It seems that the clever Mansoor Ijaz wrote this memo himself, sent it to Admiral Mike Mullen through General James Jones, taking benefit out of his contacts and blamed Haqqani for the treasonous attempt. Mansoor Ijaz’s testimony lacks any credence and his loads of evidence hold no weight. He should instead be tried for causing immense damage to Pakistan government and Pakistan’s image internationally. I hope that the wastage of time and resources of the Pakistani nation in this case stops soon.

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  • Aftab kenneth Wilson
    Feb 28, 2012 - 9:58PM

    It seems as if this man is on the payroll of many influential persons and organizations.

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  • Vikram
    Feb 29, 2012 - 12:11AM

    @Zahid Malik:
    Mr Ijaz is like Dawood Gilani urf David Headley, the guy who helped Bombay terrorists attack. As far as memo is concerned, I think idea orginated from President Zardari and ambassador Haqqani.Recommend

  • Mohammad Ali Siddiqui
    Feb 29, 2012 - 1:22AM

    Ejaz Mansoor is an extortionist and extort money from individuals, companies and states.

    Now is the turn of Pakistan.

    Being an underdeveloped country, Pakistan is ready to pay the price to Ejaz Mansoor whatever he demanded.

    There is no shortage of fools, provided one knows how to make fool and Ejaz Mansoor has done Doctorate in making people, companies and states fool.

    Would Memo Scandal Commission note down his wrong doings before announcing the judgement?

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