Imran invested Shaukat Khanum donations in offshore companies: PML-N leader

Published: April 6, 2016
A file photo of PTI chairman Imran Khan. PHOTO: PPI

A file photo of PTI chairman Imran Khan. PHOTO: PPI

Hitting back at the recent criticism in the wake of Panama Papers revelations, the ruling Pakistan Muslim League-Nawaz (PML-N) leaders accused Pakistan Tehreek-e-Insaf (PTI) chairman Imran Khan on Wednesday of being involved in losing donors’ money of Shaukat Khanum Memorial Hospital in foreign investment.

“The board of directors had approved funds meant for Shaukat Khanum Hospital were invested in foreign land instead, and their own audit report showed they lost around $18 million,” PML-N leader Daniyal Aziz said at a news conference in Islamabad.

He claimed that Imran and others, including Imtiaz Hydari and Jaswant Desai, made money from foreign investment with the money that was donated to his welfare hospital.

“The HBG Holdings company is behind all these investments,” Aziz said, adding that BoDs of the hospital were involved in the “huge embezzlement”.

Panama Papers: Nawaz family used offshore firms to own UK properties

On Monday, the PTI chief had demanded the National Accountability Bureau (NAB) to immediately launch an investigation into the recent revelations about the Sharif’s family allegedly having offshore wealth.

“If NAB wants to save its face in the country it should unveil the corruption of these people,” the cricketer-turned-politician had said while talking to reporters at his Bani Gala residence in Islamabad.

On April 3, a massive leak of 11.5 million tax documents had exposed the secret offshore dealings of world leaders and celebrities, also naming three of PM Nawaz’s children for owning London real estate through offshore companies.

Panama Papers prove Imran wrong: Rashid

Meanwhile, the prime minister announced on Tuesday forming a high-level judicial commission to investigate the allegations of owning offshore companies and concealing assets.

“I hereby announce to form a judicial commission which will be led by a former judge of the Supreme Court,” he said while addressing to the nation.

No allegation proven

Aziz claimed that such allegations had also emerged in 2012, however, nothing have proved against his party. “These allegations are some 18 years old, which have not been proved by far. Imran Khan is yet again using them to crticise the government.”

Panama Papers: PM orders judicial probe into charges against family

He also showed the audit reports of Shaukat Khanum Hospital, claiming they showed huge losses in the wake of investment made by BoDs in the foreign land.

“It’s Imran Khan who has invented the notion of offshore companies, not us,” Aziz said.

Meanwhile, speaking at the press conference, Information Minister Pervez Rashid said those who have always hurled allegations against the PML-N were proven wrong.

“We face the allegations hurled against us, but whenever we criticise Imran and his party they escape the argument and never answer questions raised against them,” he claimed.

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Reader Comments (33)

  • salman
    Apr 6, 2016 - 8:54PM

    Same allegations khawaja Asif made before 2013 elections. Were easily refuted then and donations to hospital actually increased.

    Pmln trying to deflect attention. And failing badly…

    Howevwr, I fully expect the pmln cheerleaders to turn up shortly and employ gullu logic to somehow show us this proves nawaz is innocent. Recommend

  • Petrolhead
    Apr 6, 2016 - 9:01PM

    PML-N is so good at discrediting themselves, but at the same time they are extremely lucky – Get away each and every time.Recommend

  • Hasan
    Apr 6, 2016 - 9:21PM

    Ah! The same old game. One accuses the other of corruption and instead of refuting those allegations they accuse the first one of corruption. In the meantime no one will know who is right and so it will keep the public confused.. We have seen it in the past(e.g with ch.nisar and aitizaz hasan during dharna days) and we are seeing it now, again.Recommend

  • Mohammed
    Apr 6, 2016 - 9:40PM

    Isn’t he the same guy that used to make the anti Sharif allegations in the Mush era? How can any anybody take this idiot seriously? Recommend

  • Anon
    Apr 6, 2016 - 9:41PM

    So can they make up their minds…. Are offshore companies wrong or not?Recommend

  • N
    Apr 6, 2016 - 9:48PM

    Looks like imran is not straight as people think he is .he is investing all the zakat and it is clearly shown in the audit report .if people still neglect this evidence ,then are long lost in the charm of pti .haha Recommend

  • Gullu Butt
    Apr 6, 2016 - 10:02PM

    SKH invested in foreign entities is audited and public information. Everyone have access to it. It is a normal practice of Non for profit entities to invest extra cash on hand. Very cheap stunt by PMLN.Recommend

  • Apr 6, 2016 - 10:14PM

    Oh God wt kind kind of people r leading pakistan…Recommend

  • Ahmed
    Apr 6, 2016 - 11:02PM

    Sharif were corrupt when they started they are corrupt today and have always been…they know their new wealth is hidden from mega projects but can’t wipe old slate clean when they sold FE accounts and cooperative money from widows and orphans. Most other countries will take corruption seriously not PakistanRecommend

  • Pakistani
    Apr 6, 2016 - 11:09PM

    NAB,FBR,FIA is under you if you got prove you are government, do an investigation who is stopping you but stop this shamefull criticism against one of the best institutions of Pakistan.Recommend

  • Pakistani
    Apr 6, 2016 - 11:11PM

    It is not about investing in offshore companies it is about how they get their money out of Pakistan. As far as SKMH is concern it is mentioned in their audit report so they did pay tax on that money, but what about our PM family.Recommend

  • Parvez
    Apr 6, 2016 - 11:32PM

    So the logic is…..if I jump into the well, its ok for you to do so…….hilarious.Recommend

  • al
    Apr 7, 2016 - 12:17AM

    SKMH is a world class institution, not money laundering RAIWAND estate.Recommend

  • salman
    Apr 7, 2016 - 12:54AM

    Yeah, same guy. I’m sure if we give him enough dollars he would even defend trump! LolRecommend

  • salman
    Apr 7, 2016 - 1:03AM

    Of course they are investing zakhat. Actually IK is not as he is not on the investment board, and hasn’t been for a long time. And its not zakhat but donations they invest. Alhumdulliah the hospital has surplus funds, better to invest then earn interest. And actually the fund is overall in profit so more good news for the poor patients.

    Even the so called loss pmln made such a big deal about has been paid back. The fund they invested in made good the losses in 2015. All this info is in the public domain available on hospital website. But of course you haven’t actually read the audit report have you? :)

    Maybe you should rather then believe this pmln cheerleader (ex-musharraf cheerleader), or you can choose to remain ignorant…. Your choice. Recommend

  • NY
    Apr 7, 2016 - 1:27AM

    What is stopping the government from taking action against Imran Khan if he has been mis-managing the hospital donations? Recommend

  • Wsd
    Apr 7, 2016 - 1:31AM

    Panama key luteray think that they can make fool of this nation for ever…. Recommend

  • Shakargarhia
    Apr 7, 2016 - 1:39AM

    Father like son. The poor guy wants to have a ministerial seat in N cabinet, so will go to any distance. Please PM sahib, Allah kay wastay, appoint me minister. I will only change my loyalty when the government will change. Take my word Sir! This is what my father did. So please take his son under your feathers. I shall stay obliged till the last day you are in office.Recommend

  • Saf
    Apr 7, 2016 - 1:53AM

    It’s simple off shore companies are used to set up to avoid paying tax, Panama helps you hide your ownership of those companies. So why were Shariffs hiding ownership of these companies.Recommend

  • Zahid
    Apr 7, 2016 - 1:54AM

    PML N they are corrupt and lier Sharif family have to pay Pakistan money
    These are all PML N darbarees will never get people supportRecommend

  • Alex Norman
    Apr 7, 2016 - 2:52AM

    He is comparing a legal transaction which is available in the audit report to transactions which done on purpose to hide the real owners. Shame on you Mr. Aziz. You need some schooling as to how to compare things. Recommend

  • sabi
    Apr 7, 2016 - 3:16AM

    pti trolls; No general will come to your rescue but to civil institutions which will declare NS not guilty.DO what you can-Chest beating,the ultimate fate of yours.

  • pk007
    Apr 7, 2016 - 5:08AM

    This issue must be raised. Shaukat Khanum does have offshore companies and the fact that it uses public funds and there is a loss, could very well mean there might be corruption and mismanagement.Recommend

  • N
    Apr 7, 2016 - 6:05AM

    How is he not in the investment board ,he has established shaukat khanum .this is the reason why he was always so eager to go to India .People who are criticizing nawaz Shari f are failing to acknowledge that nawaz Sharif does not own any offshore company .they are owned by his sons that were exiled by Musharraf and therefore expanded their business over there .maryam nawaz is not the owner but the trustee .Whenever Nawaz Sharif came to power ,the other parties tried to unite together and destabilize the government (which happened 2 times).they do not want Pakistan to progress and when so many parties are uniting to take down a party that has started a huge progress and not criticize other (unlike someone we know).WHY DONT YOU GET IT IN YOUR THICK HEAD.Recommend

  • Aamir - Toronto
    Apr 7, 2016 - 6:22AM

    @ ET……please stop prompting morons like Daniyal Aziz as leaders, he will do any thing to please Nawaz Sharif and his family !!!!!Recommend

  • Bilal
    Apr 7, 2016 - 7:04AM

    Now that the Sharif brothers are exposed, they are trying to throw mud on Imran Khan in the hope that some of it will stick.Recommend

  • salman
    Apr 7, 2016 - 11:13AM

    1. You can check with hospital and audit reports. IK is not a member of the endowment fund. At least not when these particular investments were made. This is a FACT.
    2. Tthese offshore companies of nawaz and family were establish in early 90s before Sharif went intobself exile. This is also a FACT. Do you really believe sharif sons were making millions to but park lane in early 90s properties while they were students? Lol
    3. Mariam nawaz has been named as a director or sole owner of one of the companies. Also a FACT.
    i apologise that I am thick for believing in FACTS.
    But I would rather go on facts then gullu logic. Recommend

  • goldconsumer
    Apr 7, 2016 - 1:48PM

    Panama papers may bring a global change. ut rest assured, nothing, will change in Pakistan. Same Shareefs, Zardais and Altaafs will roam aroundRecommend

  • Rex Minor
    Apr 7, 2016 - 3:57PM


    Those who park their wealth in off shores post box accounts are withoutany any doubt world class Crooks. The question which the world is awaiting for the answers is which of them were created for accumulation and laundering purpose?

    Rex MinorRecommend

  • nasser
    Apr 7, 2016 - 4:12PM

    NS should create a ministry IMRAN BASHING AFFAIRS officially and make Parvez Rashid it’s minister in charge. After all he is doing nothing except Imran bashing rhetoricRecommend

  • Awais
    Apr 7, 2016 - 4:54PM

    Bro you cant argue with noon leagues you just cant, you cant make them figure out that when Sharif father and mother was a billionaire rich, their wives have properties worth billions their kids are rich beyond imagine, how come they dont even own a car and rightly so why dont they own anything ??? So the point of IK not being part of investment board or even if he is… If anything would have been done not only unlawful but which will materially affect financials would have been elaborated by external auditor by giving a qualified opinion and its A. F. Ferguson & Co (PWC) we are talking about (which is not a single member body of retired judge)… So if their leader will tell their entities are legal and they dont have any relation to it and IK personally invested zakat money of SK so BE IT.. Nothing else matter not even common sense… Recommend

  • Rex Minor
    Apr 7, 2016 - 5:04PM


    the function of the Information Ministaer is to explain and defend the actions of the Government. However, his explantion in defense of Sharifs family wealth and attacks on the opposition is not in order. Mr imran Khan can raise this in the parliament and also privatey sue the minister for contemt by damaging the standing of Mr Imran Khan which you call bashing.

    Rex MinorRecommend

  • Uzair
    Apr 7, 2016 - 8:18PM

    Typical red herring strategy employed by Sharif family and its cronies. Sharif should have stepped down like Iceland’s PMRecommend

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