Home LOCAL what is hudaibiya paper mills case ? Here is detail

what is hudaibiya paper mills case ? Here is detail

8 min read
Nawaz Sharif With ishaq dar
Nawaz Sharif With ishaq dar

ISLAMABAD, Nov 12 The Musharraf government prepared a cash laundering reference versus PML-N leaders Mian Nawaz Sharif as well as Mian Shahbaz Sharif in 2000 on the basis of a declaration recorded by one of their trusted lieutenants, Legislator Ishaq Dar, according to a court file seen by Newspaper below on Thursday.

Senator Dar’s transcribed declaration, offered prior to a magistrate back on April 25, 2000, had actually affirmed that Sharif siblings used the Hudaibya Paper Mills as cover for money laundering during the late 1990s.

The referral was prepared on the orders of then head of state Pervez Musharraf, however it was shelved after the Sharif bros entered into expatriation in December of the exact same year.

The Musharraf federal government tried to reopen the recommendation in 2007 after Nawaz Sharif announced his return to the country.

The confessional declaration of Senator Ishaq Dar was videotaped prior to a district magistrate in Lahore. He was offered the court from a prison by Basharat Shahzad, who was after that functioning as assistant director in the Federal Investigation Agency (FIA).

Inning accordance with legal experts, the legislator’s deposition was an ‘irrevocable declaration’ as had actually been tape-recorded under section 164 of the Criminal Procedure Code (CrPC).

Senator Ishaq Dar has actually always been considered as one of the closest assistants of the Sharif household, as well as is currently additionally a loved one as his son is married to Nawaz Sharif’s more youthful little girl.

However, the NAB document plainly reveals that back in 2000 he had agreed to provide a created statement against the Sharifs regarding their alleged involvement in money laundering.

The leading PML-N leaders had actually struck a rough spot by then as a few of their lieutenants were active creating a new political system for Gen Pervez Musharraf after his Oct 1999 armed forces stroke of genius.

In the declaration, Ishaq Dar implicated Nawaz and Shahbaz Sharif of loan laundering in the Hudaibiya Paper Mills situation. At one point in the 43-page declaration, Mr Dar said that on the directions of Mian Nawaz Sharif and Shahbaz Sharif, “I opened 2 foreign currency accounts in the name of Sikandara Masood Qazi and also Talat Masood Qazi with the international money funds given by the Sharif family in the Bank of America by signing as Sikandara Masood Qazi as well as Talat Masood Qazi”.

He stated that all guidelines to the bank for these 2 persons were signed by him under the orders of “initial depositors”, namely Mian Nawaz Sharif and Mian Shahbaz Sharif.

” The international money accounts of Nuzhat Gohar as well as Kashif Masood Qazi were opened in Bank of America by Naeem Mehmood under my instructions (based upon guidelines of Sharifs) by authorizing the like Nuzhat Gohar and Kashif Masood Qazi.”

The file reveals Dar specified that besides these international money accounts, a previously opened foreign currency account of Saeed Ahmed, a former supervisor of First Hajvari Modaraba Co as well as friend of Dar, and of Mussa Ghani, the nephew of Dar’s partner, were also utilized to down payment significant international money funds supplied by “the Sharif family members” to provide them as security to acquire different direct and indirect credit lines.

Legislator Dar had divulged that the Bank of America, Citibank, Atlas Investment Bank, Al Barka Bank and Al Towfeeq Investment Bank were made use of under the instructions of the Sharif household.

Interestingly sufficient, Ishaq Dar likewise linked himself by admitting in court that he– along with his pals Kamal Qureshi and also Naeem Mehmood– had actually opened up fake foreign currency accounts in different international financial institutions.

Mr Dar claimed a quantity of $3.725 million in Emirates Bank, $ 8.539 million in Al Faysal Bank and also $2.622 million were later moved in the accounts of the accounts Hudaibya Paper Mills.

He said that the entire quantity in these financial institutions lastly landed in the accounts of the paper mills.

The Hudaibiya Paper Mills instance is still pending in the National Accountability Bureau.

If it is opened again, the Sharif brothers could be in for an impolite shock a confidant is responsible for the albatross around their necks.

In this regard Newspaper made repeated efforts to contact Senator Dar on telephone, however without luck as his mobile number was turned off and he did not respond to text messages.

Nevertheless, a PML-N representative Siddiq ul Farooq alleged that the signed declaration was removed from Mr Ishaq Dar under duress.


  1. tinyurl.com

    November 23, 2019 at 1:07 pm

    I appreciate, cause I discovered just what I used to be taking a look for.
    You have ended my four day long hunt! God Bless you man. Have a great day.

  2. and coconut oil

    November 25, 2019 at 8:05 pm

    Thanks a bunch for sharing this with all people you really recognise what
    you are speaking approximately! Bookmarked. Please additionally discuss with my web site =).
    We will have a link trade contract among us

  3. plenty of fish dating site

    November 26, 2019 at 1:36 am

    Wonderful blog you have here but I was curious if you knew of any user discussion forums
    that cover the same topics talked about in this article?

    I’d really love to be a part of online community where I can get advice from other knowledgeable
    people that share the same interest. If you have any
    recommendations, please let me know. Bless you!

  4. ps4 games

    December 5, 2019 at 9:57 pm

    I’m gone to convey my little brother, that he should
    also visit this weblog on regular basis to take updated from newest

  5. quest bars cheap

    December 9, 2019 at 10:37 am

    Hi there, just became alert to your blog through Google, and found that it’s really informative.

    I’m gonna watch out for brussels. I will be grateful
    if you continue this in future. A lot of people
    will be benefited from your writing. Cheers!

  6. ps4 games

    December 13, 2019 at 9:13 am

    It’s a shame you don’t have a donate button! I’d definitely donate to this fantastic
    blog! I suppose for now i’ll settle for bookmarking and adding your RSS feed
    to my Google account. I look forward to brand new updates and will share
    this site with my Facebook group. Chat soon!

  7. coconut oil

    December 15, 2019 at 11:37 pm

    Nice post. I learn something new and challenging on websites I stumbleupon everyday.
    It’s always exciting to read through articles from other authors and
    use something from their sites.

  8. coconut oil

    December 16, 2019 at 7:31 am

    Right here is the right website for anybody who hopes to find out about
    this topic. You understand a whole lot its almost hard
    to argue with you (not that I really would want
    to…HaHa). You definitely put a brand new spin on a topic that
    has been discussed for a long time. Great stuff, just wonderful!

  9. http://sinnedbeyondhelp.tumblr.com/

    December 28, 2019 at 4:24 am

    Excellent goods from you, man. I’ve understand your stuff previous
    to and you are just extremely magnificent. I really like what you’ve acquired
    here, certainly like what you are stating and the way in which you say it.
    You make it entertaining and you still take care of to keep it wise.
    I can not wait to read far more from you. This is actually a tremendous web site.

  10. http://asksylphoflight.tumblr.com

    December 31, 2019 at 10:15 am

    I am curious to find out what blog system you’re working with?
    I’m having some minor security issues with my latest site and I would like to find something more risk-free.
    Do you have any suggestions?

  11. https://russellwebster.tumblr.com/

    January 1, 2020 at 12:17 am

    Aw, this was an incredibly good post. Finding the time and actual effort to produce a
    really good article… but what can I say… I hesitate a lot and never seem to get anything done.

  12. sling tv

    January 2, 2020 at 11:04 pm

    Hola! I’ve been following your website for
    some time now and finally got the bravery to go ahead
    and give you a shout out from Lubbock Tx! Just wanted to tell you keep up the excellent work!

  13. I am actually delighted to glance at this blog posts which includes plenty of helpful information, thanks
    for providing such statistics.

  14. tinyurl.com

    January 7, 2020 at 5:32 pm

    Nice post. I used to be checking continuously this weblog
    and I’m impressed! Very helpful information specially the last phase
    🙂 I care for such information much. I used to be looking
    for this certain info for a long time. Thank you and best of luck.

  15. sling tv

    January 14, 2020 at 8:20 am

    It’s truly very complicated in this busy life to listen news on Television, thus I simply
    use the web for that purpose, and take the most up-to-date information.

  16. sling tv

    January 14, 2020 at 11:31 am

    Everything is very open with a really clear explanation of the issues.

    It was really informative. Your website is very useful.

    Thank you for sharing!

  17. Brian

    January 14, 2020 at 8:03 pm

    Wow, amazing weblog structure! How long have you ever been blogging for?

    you make blogging look easy. The overall glance of your site is
    magnificent, as neatly as the content!

  18. sling tv

    January 15, 2020 at 10:50 am

    What’s Taking place i am new to this, I stumbled upon this I have found It absolutely helpful and it has aided me out loads.
    I hope to give a contribution & aid different users like its aided me.

    Good job.

  19. verthil ertva

    January 18, 2020 at 9:57 am

    You really make it seem so easy with your presentation but I find this topic to be really something which I think I would never understand. It seems too complex and very broad for me. I am looking forward for your next post, I will try to get the hang of it!

  20. Buy Designer Copper Water Bottle

    January 25, 2020 at 4:20 am

    whoah this blog is excellent i love reading your posts. Keep up the good work! You know, many people are looking around for this information, you could aid them greatly.

  21. Buy Sexual Wellness Relief

    January 25, 2020 at 3:07 pm

    Do you mind if I quote a couple of your posts as long as I provide credit and sources back to your webpage? My blog site is in the very same niche as yours and my visitors would certainly benefit from a lot of the information you provide here. Please let me know if this okay with you. Thanks!

  22. sling tv

    January 29, 2020 at 2:14 am

    I know this if off topic but I’m looking into starting my own weblog and was
    curious what all is needed to get set up? I’m assuming having a blog like yours
    would cost a pretty penny? I’m not very internet savvy so I’m not 100% sure.

    Any tips or advice would be greatly appreciated.

    Thank you

  23. Una

    February 10, 2020 at 7:11 am

    I am sure this post has touched all the internet
    users, its really really pleasant piece of writing
    on building up new webpage.

  24. Rocky

    February 12, 2020 at 5:26 pm

    Good response in return of this difficulty with firm arguments and explaining all regarding

Leave a Reply

Your email address will not be published.