Panama Case Investigations take new turns, JIT probe Javed Kayani
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ISLAMABAD: The Panama Case JIT probing the Sharif family in the off shore companies and London Flats case on Supreme Court orders has summoned yet another important witness, Javed Kayani a business associate of the Sharif family.
Sharif family business associate Javed Kayani on Friday testified before the joint investigation team, formed to probe the Sharif family’s offshore assets, amid heightened security outside the JIT Secretariat.
On the basis of the documents submitted before the Supreme Court in the Panamagate case, it was alleged that PM’s business associate Kayani had opened three fake accounts in early 1990s in the names of Sulman Zia, Muhammad Ramzan and Asghar Ali at Habib Bank AG Zurich branch in Lahore. The FIA had later found out that none of the three individuals existed and fake identity cards had been used to open the said accounts.
The bank’s records had revealed that large sums of money had been transferred from the said accounts to Sheikh Saeed Muhammad, a close friend of Prime Minister Sharif based in Washington DC.
Kayani, the individual behind the opening of the fake accounts, is said to be the nephew of Sheikh Saeed Muhammad.
It is also alleged that Kayani additionally opened three more accounts at the Bank of America in Lahore in the names of Kashif Masood Qazi, Sikander Masood Qazi and Nuzhat Masood Qazi.
Records showed that a sum of $20 million had been transferred from the ‘fake’ account of Sulman Zia to the account of Kashif Masood Qazi.
The money had been used as collateral by the Sharif family for sanctioning a loan for Hudabiya Engineering Ltd from the Bank of America. The directors of Hudaibiya Engineering Ltd at that time were Hussain Nawaz, Kulsoom Nawaz, Nawaz Sharif and Shehbaz Sharif.
