Imran Khan Lost Donation Money in Real Estate Gambling: Khawaja Asif

Khawaja Asif says donations of $4.5 million for Shaukat Khanum Hospital were transferred abroad for speculative investment in real estate.

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.

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.” via: tribune.com.pk

NOT a SINGLE PENNY of Zakat INVEST – Investment Contains NO Zakat: Imran Khan

ISLAMABAD: Chairman Pakistan Tehreek-e-Insaf, Imran Khan Wednesday tossed away all the allegations leveled against him by Pakistan Muslim League-N’s leader Khwaja Asif earlier today in which the latter accused the former of investing Shaukat Khanum Hospital’s Zakat funds in the real estate market and other offshore companies.

Reacting to the allegations at a press conference here, Imran Khan said: “The endowment fund is meant for investment and our fund of 30 million dollars is a guaranteed amount and contains not a single penny from Shaukat Khanum’s Zakat fund.”

The PTI Chief said he would take PML-N President Nawaz Sharif into litigation if the latter accused him of a theft. “I am accusing Nawaz Sharif of engaging in money laundering, he should take me to the court,” he snapped.

He said N-League’s Hanif Abbasi alleged that Shaukat Khanum’s board of directors used to take bribe and ‘we filed a lawsuit against him (Hanif Abbasi) which is still pending at the court’. He requested the judiciary to dispose such cases before long.

“Those who attempt to do political point scoring through leveling allegations should have carried out some pre-investigation,” he said, adding Shaukat Khanum is not Imran Khan’s personal property, ‘it is Pakistan’s national asset’.

He said there is a separate board of directors for the endowment fund of which he is not a member. “The money did not flow out of Pakistan, as it came from abroad and the company which invested 30 million dollars belongs to Imtiaz Hyderi,” he clarified.

He said the balance of Shaukat Khanum presents a clear picture of the facts against PML-N’s allegations.

Imran Khan reiterated that he had no asset or any other wealth outside Pakistan and whatever he owns here came from his earnings as a cricketer. via: thenews.com.pk

for more details in urdu: Imran Khan Invests Zakat Money in Real Estate