Imran Khan lost donation money in real estate gambling: Khawaja Asif

PML-N leaders provide 'evidence' of Imran Khan's investment of donation money abroad.


Ema Anis August 01, 2012

ISLAMABAD: Khawaja Asif, a senior leader of the Pakistan Muslim League – Nawaz (PML-N), alleges that Pakistan Tehreek-i-Insaf (PTI) chief Imran Khan lost a huge amount of money which was donated to his social welfare hospital, Shaukat Khanum Memorial Cancer Hospital & Research Centre, in a real estate gamble.

Asif, accompanied by two other PML-N leaders, held a press conference in Islamabad on Wednesday and handed out hard copies of “evidence” against Khan’s investments.

The leader said that a total of $4.5 million were invested abroad, which was “in fact the money gained from sadqaat, fitrana and zakat… This was the money of the Pakistani nation which went abroad.”

“In British Virgin Islands, a shell company was first registered. That company transferred money into a company, HBG in Dubai, then HBG bought shares of Sugarland company worth $3 million. During 2009-2010, Sugarland declared losses and in the coming two years, it faced 64% losses. Here, the money of Shaukat Khanum invested by Imran Khan also faced a loss but it was not shown,” Asif said while referring to the documents he had distributed.

The leader mentioned the Double Shah scam and said that Double Shah would at least ask for investments and not for donations, and his business was more transparent than this one. “Imran Khan doesn’t get tired of unleashing allegations against the entire world, but he should first look at himself too.”

Asif questioned Khan that if the investment was so safe and profitable, then why did he not put in his own money rather than that of Shaukat Khanum. “This is not a scandal of the PTI, this was a play of Shaukat Khanum’s money… Shaukat Khanum has not published its balance sheets, the last one available is from 2010, which we have provided to you.

“Imran Khan should reply himself or someone from the trust should reply. Who knows what game Imran Khan is playing with the people’s money and where he’s investing the donations,” he added.

'Shaukat Khanum workers are Khan's friends or family'

Asif also alleged that those working at Shaukat Khanum Memorial Hospital are either Khan’s friends or family members. “Another important person is Imtiaz Haideri. He is a member of Imran Khan’s trust, is a chief executive in Dubai and a chief executive in British Virgin Islands too.”

“In this party (PTI), they are all real estate businessmen or are involved in collecting donations. There is this singer as well, who also collects donations. The whole leadership is involved in the real estate business, they are all gamblers,” said Asif adding that he is providing proof from Shaukat Khanum’s own papers.

“We are not speculating or assuming this. We have handed you all the balance sheets too on which all the investments are stated.”

“During a Public Accounts Committee meeting, I asked NAB without mentioning any name that if a social welfare organisation is involved in such gambling investment, does your law allow them to catch them. They told me yes, they would take action… When the time comes, we will also go to the court.”

“We know it hurts the credibility of leaders before the elections, but we are trying to show the real face (of Imran Khan) on how he is managing the donations,” Asif added.

“Imran Khan took some wrong decisions and the trust should not bear the losses. The loss should come on his personal balance sheet.”

Read PML-N's fact sheet on Shaukat Khanum Memorial Hospital here.

COMMENTS (193)

Syed Muhammad Iqbal | 9 years ago | Reply

To disapprove Khowaja Asif false allegation that SKMH funds have been invested in construction company in Gulf and the hospital has lost millions in the deal. But in the same time SKMH authorities have mentaioned that they have a "Gurantee Letter" from that construction company clearly mentioned that this invesment is secure and guranteed.

Will some one provide that "Gurantee Letter" for our supporters and donors to give shut-up call people like Khowaja Asif and company.

Samar | 9 years ago | Reply

@ adnan siddiqi.. dude spot on! was feeling the same for so long. be my guru please!

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