“Nawaz Sharif, instead of sending your 'minions' who are not politicians… come in front of the public and answer my questions like I am answering now,” said Khan as he began declaring his assets.
Responding to Chaudhry Nisar Ali Khan's allegations that he has not paid any taxes, Khan presented his tax returns of 1981-82 and said that he paid taxes worth Rs36,000. "Yousuf Islam is my tax dealer, and all information about my taxes is available with him. Anyone can contact him for details."
He further clarified that he had bought land worth Rs40 million after selling his London flat in 2003 for around Rs70 million. “All my assets have been declared and they will also go up on my website. All of my properties are on my name, they are not on anyone else’s name.”
Khan added that he earned the remaining money during the World Cup in India. “In every World Cup, they invite me to do commentary and match analysis and they pay me for it. I am presenting to you the contract of the game plan. The registered company will tell you how much I earned through it.”
After declaring his assets, Khan posed 11 questions to Sharif about his assets and his properties. The questions were:
1. Raymond Baker, an international renowned author, wrote in his book that Nawaz Sharif did corruption worth $417 million. The book says that Nawaz Sharif took a commission of $160 million from Daewoo for the motorway which was recently made. If Baker had made a false allegation, then why did you not initiate a case against him?
2. You bought four apartments in Mayfair worth more than Rs1 billion. Now their value has gone up to Rs4.5 billion. Where did you get the money from?
3. In 1994, you stated your income as Rs150,000 and you gave a tax of Rs14,000. If this is your income, then how did you buy a property in Mayfair?
4. You took a loan from Al Taufiq Bank worth $30 million and then you defaulted it. They took you to court and attached your property. From where did you get the money to pay back those $30 million?
5. Ishaq Dar gave an affidavit saying that Nawaz Sharif did money laundering by opening a fictitious account by the name of Qazi family in London. The BBC did a film on that too.
6. You took a loan worth Rs6 billion from Pakistani banks and you had them defaulted. Did you return back the loan?
7. You have a 1,700 acre land in Raiwind. Where did you get the money from to buy that land?
8. Where did the people’s tax money go? How much of the tax money was put into Raiwind?
9. Your whole family has properties in London. You want to do government in Pakistan but your children’s properties are lying abroad. You should own it like I owned it right now.
10. You planted a steel mill in Jeddah of $150 million. Your tax return does not show that you have enough income to plant a mill.
11. You froze your foreign accounts in 1998, but tell us, how much money did you transfer abroad the night before?
Khan further clarified the accusations against Shaukat Khanum Hospital and said that whatever investment was done did not face any loss. “Bluechip company guaranteed us that they will bear the loss and we will get the profit. Our party’s senior leader will read out the email to you.”
He added that all his assets as well as of his senior party leaders will be made public on his website within a few days. He also promised to expose Leader of the Opposition Chaudhry Nisar Ali Khan.
Correction: In an earlier version of the story, Rs70 million and Rs40 million were incorrectly written as £70 million and £40 million. The error is regretted.
COMMENTS (115)
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Why there is no record of the Money Nawaz too from public to clear Foreign Debts? People gave millions of dollars, even villagers gave donation all over Pakistan... I can't find what happened to that money..
I agree that imran will divide the votes and ppp will form the next govt and sind will stay the fort for ppp, bhotto's name will alive for ever.
@Ch. Allah Daad: Don't say that please if they don't know economy then how an they make PTI USA LLC. Political party limited liability. Company in USA, same is here also, zaka for hospital is invested in company lost 65% and no way to get balance 35%. This much he know about economy and industries, can Begger know the business. You know cheat khan well by his exposure.
@Awans: Good analysis.
First and foremost Nawaz Sharif seems to have submitted fraudulent tax returns. It is enough to indict him. First clean yourself and then go to people for votes Mr. Nawaz Sharif and come yourself in front of the media and answer all the allegations and clear yourself please before any further politics.
From the comments here. its 90 for Imran 10 for Nawaz. BTW its the same in my village.
Friends, it's a blame game nothing to come out of it.Enjoy it until the next tide in the voilant occean of pakistani politics. Cheers.
I have checked put and call options and have close friends who have lost their shirts during the real estate and stock market bubble. Except fixed deposits there is no guaranteed profit on any investment otherwise nobody would lose any money. Put and calls are 100% gambling and speculation and everybody knows in these games very few ever make money and there is no guarantee that anybody would not lose. Nobody would play put and call game with the Harvard endowment or any other similar organization.
Hope he targets PPP in a similar way. No one should be spared because they are dead. He should question both ZA bhutto and benazir for their 'family properties' they have been using to rule sindh.
Well bowled IK. This is an inswinger that has clean bowled Nawaz and his cronies. We need a person like you. Clean and honest. Salams
@Mahmood: In case of PTI, steal it from zaka funds, put in offshore company, invest in speculative instrument, managed by stupid selfish snake oil seller like IK and call it endowment fund, special care, don't tell those who donate that your false businessman wish is itching you, you don't want to put your own money in business therefore collect zaka, charity on the name of Allah and poor Pakistanis, tell the donors that due to lack of funds sick can not be given complete medical treatment, exploite the donor humanity, sympathy, basically cheat them emotionally and financially and use it political ambitions, on the line pasha put you. If you get cought, run away from your chalange, speak loud, accuse others and make new chalange. This is action line of IK, PTI. And fool Pakistanis telling them PTI, in America is a limited liability company but doing political activities. Sound stupid, yes but it works on some mind blind of youth, be a messenger of destruction.
Ppp will win again. poor politics by imran and nawaz.. hate to see ppp again.
IK.........we are all with you, and against these corrupt PMLN brothers as well as PPP chawals..............My zakat and fitr definitely goes online to Shaukat Khanum
The questions put by Imran show that he does not know anything about economy, industry and business. Questioning one of the most prominent industrial family that how did they start a new industry in our brotherly country which has so much trust and faith in Mian family's abilites is one of the most stupid question anyone could ask. Allegations of Khawaja Asif and Ch. Nisar has melted him down. After moral character his financial character has been exposed too. I can bet he will not win his own seat from Lahore.
I'm quite surprised at emotionally charged, but hollow comments here. Points to ponder...
Zakat is a fardh imabadat. There is a clear guideline how to spend Zakat money. But for sure, it can not be invested any where for profit-making. If IK & SKMCH have been using Zakat money to pay salaries, utility bills, constructing buildings or invest for making profit, it is WRONG and NOT ALLOWED in Shariat, plain and simple. Go check with any Mufti. IK is the one who started all this and made the whole game dirtier by relentlessly throwing mud on the other party. He and his cronies crossed all limits in this "noble" cause. Why cry now? when the other party is answering in the same language? If IK wanted to pursue a dirty career in politics, he and his family should have completely detached themselves from SKMCH. You can not be a philanthropist as well as a mud-slinging politician - no match here.Mian Mohammad Nawaz Sharif punjab ka sher hay, woh kisi ko jawab nahin dayta. sher sirf sher ko jawab dayta hay aur yahan kisi zoo main bolnay wala sher nahin hay.
Attack on Shaukat Khanum symbolizes last ditch effort of nawaz sharif to damage the credibility of IK. It shows how afraid they are from the popularity of PTI. In their desperation they even forgot that Shaukat Khanum is the pride of their base camp, Lahore. This is the beginning of the end of Nawaz Sharif from Lahore and next general election will prove it
IK you will never get reply from those who don't consider themselves answerable. They are used to big mansions and power rule. It is not their style. They have eaten up a big portion of public money and responsible for our pathetic conditions.
Twelfth Question: If Nawaz sharif is so shy and scared of facing the public on national television, why did he spend so much money getting a hair transplant in the first place? Just a food for thought..
Such terrible translation of the 11 questions! IK asking them is fair enough... but "you want to do government in Pakistan..." ... "then you defaulted it" ... "return back the money" ... ET, please hire an editor worth their salt!
@Awans:
You missed the point Mr. Illiterato!
This man can do it,he can make us stand on our feet.Please save us from these current evils.Imran Khan God bless you.
please tell about your own ,sir IK, assets and tax returns, only then you should ask some one else.where is your promise of going to roads if zardari and nawaz does not declare assets by march 2012 plz get out of funds of bharia town and zardari.
i think patwari league the torch bearer of zia ul haq should see the writing on the wall
Rather than answering the question of misuse of zakat funds IK as expected went for same allegation! Shame!
slam to all! Weldon IK. Nawaz will never reply you. Thanx
From where does funds/finances come into endowment fund?
@Aamir, Toronto: you can't gag me or my criticism of an irregular practice. Neither yoû nor IK , is above scrutiny .
The g'tee needs to be called and we need to see USD 3mio back in Pakistan for the intended purpose for which they were originally collected,
@Salman, Banker: Don't teach me what a put option is.
The contract has been g'teed or put option written by the same company that made the investment. This sort of g'tee is not worth the paper it is written on.
The g'tee or put option should have been bought by a bank or an investment grade rated counterparty.
And for your kind information , there is no market for put options on an illiquid land investment in Oman.
from where did endowment funds come?
furthermore...I think the difference lies in the fact that SKMH spends 200 crores which is 2000 million/2 billion rupees annually on treating poor patients who come to it's corridors; whereas the punjab government allocated Rs.560 million in TOTAL for health in this budget, for a population of over 80 million. I think the numbers are self explanatory as to who actually cares about the welfare of the common man.
@Samosa: You know what people do to lions when they get out of control and eat humans.
Both PTI & PML(N) are playing dirty politics. If wanted to succeed, IK need to change his habit of arrogance. By not criticizing the Government's anti public policies and corruption he is helping PPP to win the next elections. I never heard IK condemning the convicted PM for his corruption.
Imran you should answer the Questions of PMLN before putting your Questions
@ Blithe - i think you have got a understanding problem - maybe something like selective reading disorder - you should get it treated
No money had been lost on property markets and that all the deals had been underwritten to protect the hospital - I am sure you will not understand what a kind of 'Put Option' is .. go understand first and then comment. - READ THE WHOLE ARTICLE CAREFULLY
@someone: Please listen to the comments again and then make analysis. Thanks
@Awan - you a life and a reality check!!
Nawaz sharif is the King of dirty polite just look at their history what they use to do with Bhuttos .Well done Imran Khan it should be tit for tat .We are with you Imran Khan .
I want to remain open minded about IK and give the benefit of doubt to him compared to PML-N and Sharif. It is an easy and simple choice and a no brainer. However, I want to fully understand what IK said about SKMH investment: "“Bluechip company guaranteed us that they will bear the loss and we will get the profit. Our party’s senior leader will read out the email to you.” I have been a student of business and investment and cannot believe that a Blue-chip company would guarantee profit but take up all the loses themselves! This is against the basic principles of investment and no genuine company can do that and still remain profitable and not bankrupt. Can I get the name of such a company please?
So is this how IK is going to play it? NS accuses IK, IK accuses NS, what is the difference?
Thats the way to do it..IK has shown all his documents today so PML-N supporters should ask their beloved Nawaz Sharif to come and answer these questions...
are PML N supporters plain dumb - 1st of all Imran Khan when playing as a cricketer ... or when doing commentary for TV channels was employed by PCB and relevant TV stations - the salary he got was tax deducted - go get some knowledge 1st and then come comment over here
Imran is our lion. We love you.
Some people have habit to blindly comment on everything without thoroughly knowing the things and issue. Some friends are talking here that Imran Khan is playing blame game and did not answer the PML-N's questions. Ch Nisar's main focus was IK's tax returns. Just carefully read the story and especially the following paragraph (i quoted from the above story). I will request them to first read and then have your say.
"Responding to Chaudhry Nisar Ali Khan’s allegations that he has not paid any taxes, Khan presented his tax returns of 1981-82 and said that he paid taxes worth Rs36,000. “Yousuf Islam is my tax dealer, and all information about my taxes is available with him. Anyone can contact him for details.”
So what other than this we want from him. Now go to Yousuf Islam and explore it, if you don't believe, simply take IK to court.
I am waiting for answers
We should have the TV debate thing like these just like in working democratic nations.
@Truth Detector: What a juvenile supporter you are!!!
Get your leader to return the usd 3million for the poor and cancer ridden .
This money was not meant for PTI politics or to hide in offshore companies to invest in irregular and illiquid investments in Oman.
that's the way to replay to these not so sharif people! well done ik!
what about the challenge offered by Ch. Nisar about the corruption of Ik in taxes, declaration of assets? Zardari found a good spokesman in form of Ik,
IK , When will you call the g'tee?
This is money for the sick and cancer ridden , not for your friends to play with and buy land in Oman.
Stop side stepping the issue . Bring back the whole USD 3 million to Pakistan.
In this game, Zardari is the winner :)
Nawaz Sharif is involved in the dirty money bussiness since the days of Zia Ul Haq when he made him ProvincialMinister of Punjab. His three and a half decades of corruption now runs in billions of $$s. Pakistani people are still paying through their nose for his corruption.
When the lion roars, its best to book a ticket to Jeddah/London or wherever ud like to hide
Weldone! mr IK
Nawaz Sharif will simply deny and say "I dont know" just like his catch phrase for evey other issue like Kargil issue, attack on supreme court, signing deal with Musharraf, money laundaring..
I guess there is some error in reporting here. Probably IK sold his London property for 7 million pounds and not 70 million pounds as reported here. There is no such Penthouse worth that much money in the world!!
All are naked in this bathroom... We, the masses, should understand clearly that there is no horse. So we've to choose a comparatively better donkey.
Someone, Imran mentioned RS70 million.. Yes this Ian error
@someone: its rs..tribune..
IK is talking like he is all clean... array bhai everyone is naked in this toilet of politics & stop praying Khan like if he is GOD......
Well done IK.
Batting-wise... This Six is out of the stadium..hit PLMN car in the parking... Bowling-wise... Late in-swing...all three wickets are shattered
:-)
@Awans: ANP in KPK will win....seriously? Let me tell you KPK is the most democratic of all four provinces. I cant recall when a single party won here two consecutive terms. We are extremist, we kick out every single party that defy us. Look where is Mutahidda Majlis Amal. We are unlike Sindh where people have none other than PPP, not like Punjab where all people can see is sharifs and chaudhries and unlike Balochistan where sardars are only choice. But this doesnt mean any of the party is a good choice.
lol here Sharif caught up! in real mean imran khan is better leader, go on sir we are with you.
IK back to his real politics Blame Blame & Blame and do not answers the Questions which are asked ... cheap politics by IK....
Imran Khan - its alright, you can come up with a long list of allegations, none is clean, however its all negative politics - you did that, I did that. Best is to clear your name, explain allegations against you and come up with credible plan for development, energy, governance etc.
Well!! IK we are waiting for you 11 question for PPP.
@Awans: so you confirm that PMLn is a regional party of Punjab.
Your news has a major type. Its not 40 million pounds or 70 million,but 4 million pounds and 7 million pounds.
There is no house in the history of houses or apartments anywhere in the world that sold for your provided amount.
Please don't make such HUGE "mistakes" intentionally or not. ;)
@Awans - You are far away from reality my friend or you must 24-7 high? Someone can truly understand your lack of political wisdom when you sat ANP will win from KP. Godness me you really live in a world of your own. May God help you
Poor journalism..it should be Rs.40 million and Rs.70 million not '£40 million pounds and £70 million pounds'..common sense should prevail more often at ET
This is how IK reacts to a serious irregularity with Shaukat Khanum... Where the dealt with offshore comapanies and are still fooling the people by saying that the invesment is g'teed .
If it is g'teed , call the g'tee now...
Stop foolind the people. IK's credibility has nose dived
Please Imran Sb Can you give a reply to what M L N has said about you before counter questions
ET you have posted wrong figures. No flat in London can cost 70 million pounds! Please correct
Imran Khan sold a flat in London for £70 Million?? I am not aware of any flat in London, even in the most post area which will be worth £70 million...Rs 70Million yes but GBP 70 Million No way! Seems there is an error in reporting from tribune editor!
Anyone of our two respected parties are lying in this holly month. Does it matter or telling untruth at such level is forgiven?
@Awans: Oooo again that lame PML-N halla-balloo propaganda "Votes will be divided, PPP gonna win". Don't worry. PTI is up for a tough struggle against all Status-Quo forces in FATA, KPK, Punjab, Balochistan & Urban Sindh. If PML-N seriously wants to stop PPP from coming back; they should retire & let Imran Khan counter them. After all N has failed to counter PPP in last 5 years. Now let PTI do it. Fair Enough?
mian saib should have the guts to answer this if he is innocent................ i think mian saib will do a long march to jeddah after elections
Nawaz Shareef is our Lion and a Lion does not answer anyone!
@Awans..so no one should do politics in Pakistan except..PML N and PPP..right..other wise vote bank will be divided..what a noora logic...mark my words..vote bank of PPP and PML N will be divided and given to PTI...mark it some where..
I would like to offer my services as a referee to Mian Mohammad Nawaz Sharif of PML(N) and to Mr. Imran Khan of PTI so as to decide who is right and who is wrong.
Without a referee, both the parties will keep on making allegations and counter allegations on each other and would be wasting nations value able time.
I am sure that within three working days, I will be able red, green or orange cards to most of the players of PML(N) and PTI.
Like a Boss.
Oh what shallow games we have come to. Pakistani politics is such fun.
Nawaz Sharif only gives recorded interview so please wait for a recorded interview with Ahsan Iqbal dictating at the back.
The irony is that if Endowment fund of Shaukar Khanum is invested in Dubai and in the business of one of the trustees of Shaukat Khanum then it is alright and fully Halal but if Sharif Family invest abroad then it is a Problem??. Point number 9 makes no sense to me. Also why we forget that when Bhutto Nationalized assets at that time Sharif Family was a billionaire as well and before joining the politics the father of Nawaz Sharif was a renowned Kashmiri Businessman in Azad Kashmir and in Punjab. ?
Way to go man. Get the brothers and their cronies..
And the dirty war of words re-startss. Had there been PPP involeved in it, a SuoMotu could have long come into affect to probe the accusations.
Good one by IK
NS will never answer these questions. Just for your information the book and BBC documentary, IK mentioned in his speech can be found on following below
Page 76-87 is about Bhutto, Sharif & the military's corruption
CAPITALISM’S ACHILLES HEEL: Capitalism's Achilles Heel: Dirty Money and How to Renew the Free-Market System (Author Raymond W. Baker)
http://www.scribd.com/doc/92413330/Capitalism-s-Achilles-Heel
BBC Documentary : Pakistan to Parklane - Nawaz Sharif Corruption & Money Laundering http://www.youtube.com/watch?v=_5Iuz1-KkOU
PML-N Phir say Clean Bowled.
Well All i can anticipate one thing in future and that is PPP is gonna win, Punjab will be divided into three pieces after the next elections and Mr Imran Khan will surely divide the vote bank in Punjab while in Balochistan, Internal Sindh PPP's vote bank will remain intact, MQM will win from Karachi, ANP from KPK and PPP from South Punjab and PPP from Azad Kashmir and from Baltistan region as well. PTI was cashing in On Shaukat Khanum and I was anticipating that PMLN will do that as elections as near. I hope people will understand and dont take it seriously and just take it as an Election year Campaign and nothing else. Anyway PPP and its allies will form government in next elections.
That's IK our Tiger!! No other party leader can face media like him. PML(N) your days are numbered. Cheap propoganda. It's pathetic. With God's grace IK (PTI) will win this election.
nah ... nawaz sharif wont have the guts to confront imran khan
Bravo Khan. Now you should not respond himself any accusation made by PML-N, ask second tier leadership of PTI to respond these question.
Will Nawaz Sharif have the guts to do the same? not in a million years time.
This is the way its supposed to be done. Good for IK.
wow...Khan strikes back!