Imran Khan tells Britain he will retrieve Pakistan's looted wealth

[Abdullah719]

Imran Khan has told Britain he will retrieve wealth looted from his country and stashed in the UK by corrupt Pakistani politicians.

The former cricketer used his first meeting with British officials since his general election win to say he would pursue laundered money.

New anti-corruption UK legislation designed to target oligarchs and international crime could be used to freeze or seize property and assets if there is evidence it was bought with illegal or unexplained wealth.

Attacks on the greed of Pakistan's dynastic ruling elite have been the cornerstone of the populist anti-corruption drive which has swept Mr Khan to power.

He has denounced the political class for siphoning off money from public sector institutions and contracts and then salting it away overseas.

The issue has dominated Pakistan's politics since the Panama Papers leak linked former prime minister Nawaz Sharif's family to offshore companies and four Park Lane flats.

Sharif was ousted from power, then jailed for 10 years after a court found he was unable to explain how he bought the flats now worth an estimated £8m.

In the meeting with the High Commissioner, Thomas Drew, Mr Khan said it was “our firm resolve to bring back to the country the money laundered to the UK.”

The Telegraph understands no specific requests for investigations or seizures were made during the meeting, but on Thursday the UK said it would “work constructively” with the new leader.

The Government has brought in new legislation to combat money laundering and corruption as it tries to tackle London's reputation as a haven for dirty money, much of it from Russia.

Expensive London property bought through shell companies in weakly regulated jurisdictions has long been a favourite way to hide ill-gotten wealth for everyone from mobsters to kleptocrats.

A spokesman for the British High Commission said: “Tackling corruption is a UK government priority and we will continue to work constructively with Pakistan on this issue.”

He said Britain has robust laws “for the recovery of illicit assets where there is evidence to do so”.

The meeting also discussed British aid to the country.

Mr Khan's party back-pedalled on suggestions he would invite foreign dignitaries and international sports stars to his inauguration later this month.

Officials in his Pakistan Tehreek-i-Insaf (PTI) party had earlier in the week met with foreign ministry officials to discuss inviting foreign leaders including Indian Prime Minister Narendra Modi. Invitations to friends from Mr Khan's cricketing days were also mooted, including Kapil Dev and Sunil Gavaskar.

On Thursday the PTI said Mr Khan had instead decided “to arrange the oath-taking event with austerity” with no foreign dignitaries or celebrities.

A spokesman said: “Being the custodians of tax-payers money, we are looking forward to hold a simple and austere oath-taking ceremony completely national in its façade and essence”,

Meanwhile reports that a computerised anti-fraud system for compiling election night results had been deliberately not used led to calls for an investigation by defeated parties who have alleged Mr Khan won through massive rigging.

https://www.telegraph.co.uk/news/20...ritain-will-retrieve-pakistans-looted-wealth/

 

[Abdullah719]

British envoy offers to put 22m children back to school in meeting with Imran

Britain has lent its support to the government-in-waiting to put 22 million children back in schools, according to the Pakistan Tehreek-e-Insaf (PTI) media cell.

The development comes during a meeting of British High Commissioner Thomas Drew with PTI Chairman Imran Khan at Bani Gala on Wednesday.

He also felicitated Imran on his party’s victory in the July 25 general elections at his .
Drew said that the Department for International Development (DFID) will support the PTI-led government to put more than 22 million out of school children back in the classroom.

Drew acknowledged the Imran’s victory speech, saying: “It has bore positive imprints and created a lot of interest in the UK.”

The British government is ready to support and work with Islamabad, he added.

Speaking at the occasion, the prime minister-in-waiting said that Pak-UK relations are very important because Britain has a huge Pakistani community.

He also expressed his commitment to bring the laundered money back to the country from UK.

Moreover, the envoys of China, Saudi Arabia and the United Arab Emirates (UAE) have all called on the PTI chairman since his party emerged as the winner of the July 25 polls.

Indian Prime Minister Narendra Modi also called Imran to congratulate him over his party’s victory. PM Modi said that his country is “ready to enter a new era of relations with Pakistan”.

https://tribune.com.pk/story/177123...s-put-22m-children-back-school-meeting-imran/

 

[TheLastGreatMan]

Looks like he is reading too much Shashi taroor books.

 

[enkidu_]

No wonder they're all getting worried.

What about Ishaq Dar's "$200bn of Pakistan in Swiss banks", he trumpeted all around before (obviously) backing down ?

 

[Syed1]

Looks like he is reading too much Shashi taroor books.

Most Pakistanis including most likely IK don't know who that is.

 

[CricketCartoons]

Either he is too naive or is smartly keeping his fans excited by giving these soundbites.

 

[Asim_khan]

With that new Oligarch property seizure law coming in, the British could be just the ally we need in ending the Sharif and Zardari clan. With IK in power, there's no need for Britain to protect the other two. Here's hoping!

 

[JaDed]

Most Pakistanis including most likely IK don't know who that is.

https://www.google.com/amp/s/www.pa...hashi-tharoor-in-islamabad/amp/?source=images

Seems like they have met.

 

[Syed1]

https://www.google.com/amp/s/www.pa...hashi-tharoor-in-islamabad/amp/?source=images

Seems like they have met.

That picture puts a massive damper on Mr. Tharoor's election chances in India. He doesn't seem like a BJP guy, if he belongs to Congress then his party probably won't even want him to rise to the top.

 

[TheLastGreatMan]

That picture puts a massive damper on Mr. Tharoor's election chances in India. He doesn't seem like a BJP guy, if he belongs to Congress then his party probably won't even want him to rise to the top.

He was Under-Secretary-General at the UN....later minister in central Govt..currently MP..accused in his wife's murder...best friend of Mehr tarar..Involved with now defunct Kochi Tusker IPL team....

Anything else you need?

 

[Varun]

Typical Indo-Pak politician statement.

Nothing will return, and nobody cares about some obscure diamond anymore anyway.

 

[IMMY69]

Either he is too naive or is smartly keeping his fans excited by giving these soundbites.

How is he naive?

Laws have come in to place in the UK which allows the seizure of property bought by fraudulent funds.

The owners have to prove how they got the money to buy those properties. So far none of these crooks have been able to provide a money trail.

 

[Fahdi]

Looks like he is reading too much Shashi taroor books.

When he talks about looted wealth he means the properties of corrupt politicians made from the looted wealth of Pakistanis not the wealth looted during the British Raj.

 

[TheLastGreatMan]

When he talks about looted wealth he means the properties of corrupt politicians made from the looted wealth of Pakistanis not the wealth looted during the British Raj.

I know.But Shashi Taroor also obsessed with bringing wealth back from UK.

 

[Pakistanian]

Looks like he is reading too much Shashi taroor books.

He's not talking about colonialism but Pakistani money stashed in offshore accounts.

 

[Bewal Express]

How is he naive?

Laws have come in to place in the UK which allows the seizure of property bought by fraudulent funds.

The owners have to prove how they got the money to buy those properties. So far none of these crooks have been able to provide a money trail.

On the face of it yes, but in reality the British govt will do everything to protect the Sharifs as they are assets.

 

[IMMY69]

On the face of it yes, but in reality the British govt will do everything to protect the Sharifs as they are assets.

Well the government will not be able to do anything about this as the law has already passed.
It will come down to the independent judiciary and they will apply the rule of law.

The other thing to take in to account is the London Property Market, prices are so high and the public, backed up by the Press, will want to see action taken against these people.

In the UK, you have compulsory purchase orders which, given the right circumstances, means that you have to sell your property at market price (plus up to 10pct over market value and your costs). This is even if you are the freeholder of the land, house or flat. So my point is that both politically, legally and from a PR perspective, the Pakistan Government is in a very strong position to cease these assets.

 

[Bewal Express]

Well the government will not be able to do anything about this as the law has already passed.
It will come down to the independent judiciary and they will apply the rule of law.

The other thing to take in to account is the London Property Market, prices are so high and the public, backed up by the Press, will want to see action taken against these people.

In the UK, you have compulsory purchase orders which, given the right circumstances, means that you have to sell your property at market price (plus up to 10pct over market value and your costs). This is even if you are the freeholder of the land, house or flat. So my point is that both politically, legally and from a PR perspective, the Pakistan Government is in a very strong position to cease these assets.

The press is anti Pakistan and anti IK and the cases are normally prosecuted under public pressure and unless the word terrorist is used, no press pressure means the govt doesnt care.

 

[Savak]

What about other places like USA, Switzerland, Panama, Cayman Islands? The PTI govt needs to target all these countries on a war footing

 

[Pakpak]

I don't have high hopes of Britain doing anything. If they can give a mass killer like Altaf British nationality then Nawaz is nothing

 

[JaDed]

That picture puts a massive damper on Mr. Tharoor's election chances in India. He doesn't seem like a BJP guy, if he belongs to Congress then his party probably won't even want him to rise to the top.

These pics are least concern of his after the murder scandals he is involved in.

 

[IMMY69]

The press is anti Pakistan and anti IK and the cases are normally prosecuted under public pressure and unless the word terrorist is used, no press pressure means the govt doesnt care.

Housing is one of the biggest issues in London st the moment and the law is the law. If Pak Govt wants to sieze these properties then it has a very good chance of doing so.

 

[Deewana Mastana]

Ain't happening.

 

[shaaik]

Typical Indo-Pak politician statement.

Nothing will return, and nobody cares about some obscure diamond anymore anyway.

He's not talking about the wealth that British stole from pre partition India. He's referring to the money looted by Pakistani politicians stashed in England..

 

[IMMY69]

Ain't happening.

It will happen.

 

[PakLFC]

If anyone can bring back all this looted wealth then IK can. I believe the UK is willing to return it according to Shahid Masood

 

[PetroDollars]

IF pressure is built and it can be proven those assets were bought by pak gov. money, then i guess UK has no option to transfer those assets to Pak gov. but they will have to go through UK courts and it will be a lenghty process and a costly one too.

As for USA, you can forget that, Trump isnt giving jack and as for Switzerland, Cayman Islands and Panama you can forget those as well, as they have sworn to protect money for its account holders and assets at any costs, its how there economy is run.

Most of Sharifs money is probably in Saudi anyway and he has a close relationship with them, so you cant get those either unless IK threatens the Arabs to break relations with them.

So the only chance is the UK which i belive only has a small portion of the Sharifs looted wealth, mostly property they use, probably £200M would be the value, whereas his billions are untouchable due to offshore locations.


But if Pakistan can get its hand on some of those London properties, they can remain with Pak gov. and be used as embassy's/gov offices or guest houses, so PM.gov wouldnt need to spend millions on hotels next time there here.

 

[Savak]

IF pressure is built and it can be proven those assets were bought by pak gov. money, then i guess UK has no option to transfer those assets to Pak gov. but they will have to go through UK courts and it will be a lenghty process and a costly one too.

As for USA, you can forget that, Trump isnt giving jack and as for Switzerland, Cayman Islands and Panama you can forget those as well, as they have sworn to protect money for its account holders and assets at any costs, its how there economy is run.

Most of Sharifs money is probably in Saudi anyway and he has a close relationship with them, so you cant get those either unless IK threatens the Arabs to break relations with them.

So the only chance is the UK which i belive only has a small portion of the Sharifs looted wealth, mostly property they use, probably £200M would be the value, whereas his billions are untouchable due to offshore locations.


But if Pakistan can get its hand on some of those London properties, they can remain with Pak gov. and be used as embassy's/gov offices or guest houses, so PM.gov wouldnt need to spend millions on hotels next time there here.

If anyone has the knack of pulling off impossible things then it is Imran Khan

 

[Strike!]

You need a lot of time and money to bring back looted wealth. These court cases go on for years, and Pakistan hasn't even started the legal procedure yet.

 

[Moh@n]

Lulz, what about his own offshore company in UK which he formed so that he could evade British tax?

 

[Halaribo]

Lulz, what about his own offshore company in UK which he formed so that he could evade British tax?

Whilst I don't agree with offshore accounts and the way they are used for illegal activities, there's a difference between someone who legally earns his money and then legally stores it in offshore accounts, which legally circumvent the tax system, and someone who makes his money illegally and then stores it in offshore accounts to hide it, because they have no intention of paying any taxes anyway.

 

[IMMY69]

Lulz, what about his own offshore company in UK which he formed so that he could evade British tax?

You are FAKE NEWS.

Don’t comment on things you don’t know about.
Go read up on UK property laws, CGT and when it started to apply to foreign investors.

 

[Greenstorm]

Lulz, what about his own offshore company in UK which he formed so that he could evade British tax?

It is not about offshore accounts(I think they are legally allowed by Pakistani and British laws) but it is about the source of money that you stash in them.

 

[Pakpak]

Lulz, what about his own offshore company in UK which he formed so that he could evade British tax?

Tax avoidance, which is what he did and which is what say Lewis Hamilton also does or what a lot of people do, is allowed. Tax evasion is not. Learn something about UK law first before trolling like your countrymen (source: was a lawyer in UK). Secondly with cooperation from the banks in UK and his ex-wife, his salary way back from 1975 and his properties have already been investigated by the courts and were proven to be legal.

 

[TheLastGreatMan]

Tax avoidance, which is what he did and which is what say Lewis Hamilton also does or what a lot of people do, is allowed. Tax evasion is not. Learn something about UK law first before trolling like your countrymen (source: was a lawyer in UK). Secondly with cooperation from the banks in UK and his ex-wife, his salary way back from 1975 and his properties have already been investigated by the courts and were proven to be legal.

Tax avoidance is immoral though.Lot of us people pay our tax honestly.

 

[Pakpak]

Tax avoidance is immoral though.Lot of us people pay our tax honestly.

Not really, I'd do it. People still pay tax but to a lesser degree. Pretty much every desi doctor in UK I have come across for example has ways to shave off tax by 7-8% than the average joe. There are many ways, all legal.

 

[TheLastGreatMan]

Not really, I'd do it. People still pay tax but to a lesser degree. Pretty much every desi doctor in UK I have come across for example has ways to shave off tax by 7-8% than the average joe. There are many ways, all legal.

It may be legal,still immoral.taxes are there for reason if rich people all avoid paying full tax in the name of legality burden falls on middle class.

 

[Pakpak]

It may be legal,still immoral.taxes are there for reason if rich people all avoid paying full tax in the name of legality burden falls on middle class.

Not really, everyone can do it if they wanted it. The 'middle classes' aren't paying more taxes just because a doctor is choosing to avoid tax. The tax stays the same. There are also disadvantages of avoiding tax as well, eg for doctors your contributions don't go to any NHS pension scheme as an example.

I understand in your saffron tinted rage you want to criticise Imran Khan, but sorry to disappoint you. The UK has one of the most stringiest laws, had he done anything dodgy he'd been in jail.

 

[TheLastGreatMan]

Not really, everyone can do it if they wanted it. The 'middle classes' aren't paying more taxes just because a doctor is choosing to avoid tax. The tax stays the same. There are also disadvantages of avoiding tax as well, eg for doctors your contributions don't go to any NHS pension scheme as an example.

I understand in your saffron tinted rage you want to criticise Imran Khan, but sorry to disappoint you. The UK has one of the most stringiest laws, had he done anything dodgy he'd been in jail.

Looks like where you live taxes never go up,unfortunately in India taxes goes up based on various factors.

 

[Pakpak]

Looks like where you live taxes never go up,unfortunately in India taxes goes up based on various factors.

Taxes go up because of moronic decisions by the government or the people ie see Brexit. Not because Dr Hussain or Mr Patel, out of tens of millions of tax payers, were avoiding a few % of taxes

 

[IMMY69]

Looks like where you live taxes never go up,unfortunately in India taxes goes up based on various factors.

Income tax in India was 95% 40-50 years ago...

You wanna stick to UK tax law... look at how UBER and Amazon operate.
Actually you can add a whole host of big organisations that use various schemes to reduce tax..

It was only a few years ago when CGT became applicable to offshore property owners.
Even then, it only applied from the date it came in. E.g if a Pakistany bought a property in London in 1975 for £10,000 and sold it in 2018 for £2m they would only pay CGT on the price increase from between 2015 to the date of the sale. So say CGT on £200k, and £1,790,000 will be tax free...

 

[Yossarian]

The press is anti Pakistan and anti IK and the cases are normally prosecuted under public pressure and unless the word terrorist is used, no press pressure means the govt doesnt care.

It's got nothing to do with the press now that the law has been passed. Although it's main intention was/is to stop these Russians from hiding their ill-gotten mega-millions in the UK by buying properties in London and the South-East, nevertheless, it will also rope in many others, including Pakistanis.

Don't forget, if the source of the funds can't be explained by the property owners, then not only can the property be seized, but the property owner is also then seen as having committed a crime, and thus being a criminal.

If he/she is then still in the UK, they will face a trial and if found guilty, sent to prison.

If they're outside the UK at the time, and are not UK nationals, they won't be allowed back into the country unless it's to face a trial.

The UK government and politicians will turn a blind eye to many things. But when the taxman at HM Revenue and Customs gets involved, only God can help you!

 

[TheLastGreatMan]

Income tax in India was 95% 40-50 years ago...

You wanna stick to UK tax law... look at how UBER and Amazon operate.
Actually you can add a whole host of big organisations that use various schemes to reduce tax..

It was only a few years ago when CGT became applicable to offshore property owners.
Even then, it only applied from the date it came in. E.g if a Pakistany bought a property in London in 1975 for £10,000 and sold it in 2018 for £2m they would only pay CGT on the price increase from between 2015 to the date of the sale. So say CGT on £200k, and £1,790,000 will be tax free...

Income tax is not the only one tax.If tax base is less any Govt will have to raise taxes in various ways to compensate the overall loss.Its not simple to say tax avoidance doesn't affect others.

 

[TheLastGreatMan]

It's got nothing to do with the press now that the law has been passed. Although it's main intention was/is to stop these Russians from hiding their ill-gotten mega-millions in the UK by buying properties in London and the South-East, nevertheless, it will also rope in many others, including Pakistanis.

Don't forget, if the source of the funds can't be explained by the property owners, then not only can the property be seized, but the property owner is also then seen as having committed a crime, and thus being a criminal.

If he/she is then still in the UK, they will face a trial and if found guilty, sent to prison.

If they're outside the UK at the time, and are not UK nationals, they won't be allowed back into the country unless it's to face a trial.

The UK government and politicians will turn a blind eye to many things. But when the taxman at HM Revenue and Customs gets involved, only God can help you!

Even if they catch the culprits why they will simply return money to culprits mother countries?

 

[Greenstorm]

It's got nothing to do with the press now that the law has been passed. Although it's main intention was/is to stop these Russians from hiding their ill-gotten mega-millions in the UK by buying properties in London and the South-East, nevertheless, it will also rope in many others, including Pakistanis.

Don't forget, if the source of the funds can't be explained by the property owners, then not only can the property be seized, but the property owner is also then seen as having committed a crime, and thus being a criminal.

If he/she is then still in the UK, they will face a trial and if found guilty, sent to prison.

If they're outside the UK at the time, and are not UK nationals, they won't be allowed back into the country unless it's to face a trial.

The UK government and politicians will turn a blind eye to many things. But when the taxman at HM Revenue and Customs gets involved, only God can help you!

Why did UK passed this law ? I mean how was the 'mega millions' from Russians were of any harm to England ? Also won't this law deter any future investors(crooks) to invest their money in UK ? What will UK get out of it ?

 

[Bewal Express]

It's got nothing to do with the press now that the law has been passed. Although it's main intention was/is to stop these Russians from hiding their ill-gotten mega-millions in the UK by buying properties in London and the South-East, nevertheless, it will also rope in many others, including Pakistanis.

Don't forget, if the source of the funds can't be explained by the property owners, then not only can the property be seized, but the property owner is also then seen as having committed a crime, and thus being a criminal.

If he/she is then still in the UK, they will face a trial and if found guilty, sent to prison.

If they're outside the UK at the time, and are not UK nationals, they won't be allowed back into the country unless it's to face a trial.

The UK government and politicians will turn a blind eye to many things. But when the taxman at HM Revenue and Customs gets involved, only God can help you!

The law is there but somebody has to have the motivation to do something with it. I am a teacher and we see cases of underage girls pregnant, this is illegal but i have yet to see a single prosecution.

 

[IMMY69]

Income tax is not the only one tax.If tax base is less any Govt will have to raise taxes in various ways to compensate the overall loss.Its not simple to say tax avoidance doesn't affect others.

We’re taking at cross purposes.

 

[shaaik]

Lulz, what about his own offshore company in UK which he formed so that he could evade British tax?

Imran Khan wanted to purchase a flat in UK in 1980s however UK law wont allow it for Non UK Residents to buy a property in UK unless they have some business there, therefore an off shore company.

 

[Yossarian]

The law is there but somebody has to have the motivation to do something with it. I am a teacher and we see cases of underage girls pregnant, this is illegal but i have yet to see a single prosecution.

What's illegal pregnancy of underage girls got to do with money laundering via buying properties in London and the efforts to clamp down on it by the UK authorities?

That is unless you're suggesting that the money being laundered is generated by illegally making underage girls pregnant?

 

[Yossarian]

Even if they catch the culprits why they will simply return money to culprits mother countries?

Under the assumption that if the source of the money cannot be explained by the foreign buyers, then in all likelihood not only are the culprits trying to hide the money from the authorities of their home countries, but it's also highly likely that it was acquired by illegal means. Else why try to hide it?

 

[Yossarian]

Imran Khan wanted to purchase a flat in UK in 1980s however UK law wont allow it for Non UK Residents to buy a property in UK unless they have some business there, therefore an off shore company.

What a load of rubbish. There's no such law. Nothing to stop you from buying a property in the UK as a Non-Resisdent, even if you're not a UK citizen. For example, you might simply want to buy a flat in London so you have somewhere to stay when you come for a holiday, or somewhere to send your mother-in-law when you need a break from her..

 

[TheLastGreatMan]

Under the assumption that if the source of the money cannot be explained by the foreign buyers, then in all likelihood not only are the culprits trying to hide the money from the authorities of their home countries, but it's also highly likely that it was acquired by illegal means. Else why try to hide it?

But who is going to prove it and how long it will take to prove it?If its so simple Pakistan can simply take the 1000s of hectares of land Shariff family have right?

Is the UK law specifically mentions they will return the assets to other countries if found guilty?

In India after Mallya/Nirav fiasco a law is enacted which allows Indian Govt to confiscate culprits assets in India and any other country (subject to co-operation of other countries),do you have something similar in Pakistan?

 

[Yossarian]

Why did UK passed this law ? I mean how was the 'mega millions' from Russians were of any harm to England ? Also won't this law deter any future investors(crooks) to invest their money in UK ? What will UK get out of it ?

The Mega millions is/was a form of money laundering, which is never good long term for any economy. Plus it's not only responsible for artificially inflating the price of properties (and we all know about property price bubbles and what happens to the economy when they burst) beyond the reach of normal law abiding citizens, but these properties are also mostly kept empty resulting in many other issues, social and financial, such as shortage of housing to buy or rent, as well as loss of income for the local authorities in terms of local taxes.

 

[Greenstorm]

The Mega millions is/was a form of money laundering, which is never good long term for any economy. Plus it's not only responsible for artificially inflating the price of properties (and we all know about property price bubbles and what happens to the economy when they burst) beyond the reach of normal law abiding citizens, but these properties are also mostly kept empty resulting in many other issues, social and financial, such as shortage of housing to buy or rent, as well as loss of income for the local authorities in terms of local taxes.

got it, thanks for explanation. So it is highly probable to retrieve looted money from UK if Pakistani government is willing to put some effort into it.

 

[Bewal Express]

What's illegal pregnancy of underage girls got to do with money laundering via buying properties in London and the efforts to clamp down on it by the UK authorities?

That is unless you're suggesting that the money being laundered is generated by illegally making underage girls pregnant?

Sorry mate i think you missed my mate on the application of the law and I dont have the time to explain.

 

[IMMY69]

got it, thanks for explanation. So it is highly probable to retrieve looted money from UK if Pakistani government is willing to put some effort into it.

I would say it is a certainty!!!

 

[IMMY69]

The law is there but somebody has to have the motivation to do something with it. I am a teacher and we see cases of underage girls pregnant, this is illegal but i have yet to see a single prosecution.

Trust me when I say that there is a vast difference in the burden of proof.

 

[Yossarian]

But who is going to prove it and how long it will take to prove it?If its so simple Pakistan can simply take the 1000s of hectares of land Shariff family have right?

You don't quite get it do you. The UK authorities don't need to prove anything. It's the property owning foreigner that has to explain the source of the funds and prove that they are legit. Else the property gets confiscated. And the property owner gets prosecuted for money laundering. Can you think of any other reason why they cannot, or refuse to, explain the source of these funds used to purchase the properties?

Is the UK law specifically mentions they will return the assets to other countries if found guilty?

The UK authorities will always endeavor to return any property or funds illegally acquired by convicted criminals back to their legal owners.

In India after Mallya/Nirav fiasco a law is enacted which allows Indian Govt to confiscate culprits assets in India and any other country (subject to co-operation of other countries),do you have something similar in Pakistan?

What does, or does not happen in India is irrelevant as we're now discussing British law as applicable in Britain.

 

[Yossarian]

got it, thanks for explanation. So it is highly probable to retrieve looted money from UK if Pakistani government is willing to put some effort into it.

Yep. The effort will pay dividends many times over.

 

[Suleiman]

Typical Indo-Pak politician statement.

Nothing will return, and nobody cares about some obscure diamond anymore anyway.

Asian leaders/rulers have always been superficial in terms of progress. From Shah Jahan to modern day, they all go for tangible jewels.

 

[TheLastGreatMan]

You don't quite get it do you. The UK authorities don't need to prove anything. It's the property owning foreigner that has to explain the source of the funds and prove that they are legit. Else the property gets confiscated. And the property owner gets prosecuted for money laundering. Can you think of any other reason why they cannot, or refuse to, explain the source of these funds used to purchase the properties?

The UK authorities will always endeavor to return any property or funds illegally acquired by convicted criminals back to their legal owners.


What does, or does not happen in India is irrelevant as we're now discussing British law as applicable in Britain.

All Nawaz should say is it's returns from Sugar mills/all the lands he owns in Pakistan,how will UK Govt dispute?

Can you show the source where UK says they will give back all these properties to Pakistan? Even if tax department sends a notice Nawaz can tke it to court and it will drag for many years.

There is no clear cut information to assume that Pakistan will easily get everything back.

 

[Yossarian]

All Nawaz should say is it's returns from Sugar mills/all the lands he owns in Pakistan,how will UK Govt dispute?

Can you show the source where UK says they will give back all these properties to Pakistan? Even if tax department sends a notice Nawaz can tke it to court and it will drag for many years.

There is no clear cut information to assume that Pakistan will easily get everything back.

Stop being fixated with Nawaz and his steel mills. Besides, from my understanding, that line is already a dead duck. The UK has/will have the same info that the Pakistani authorities used to convict NS. ie He has no valid explanation for these funds. And it all started with the revelations from the Panama Papers (I'm assuming you don't know else you wouldnt be asking such nonsensical questions).

As for the rest of your post, you're just regurgitating the same post you wrote previously. And I'll point you back to the same response that I've already posted above

 

[AssassinatedDevil]

PTI seeks UK, UAE help to recover looted money

ISLAMABAD: The Pakistan Tehreek-e-Insaf (PTI) on Saturday confirmed that an important point of discussion in Imran Khan’s recent meetings with envoys of UK and UAE — who visited Bani Gala to congratulate him over his party’s victory in general elections — was money laundering.

“Imran emphasised that these countries [UK and UAE] should cooperate with Pakistan to identify those Pakistanis who piled up properties worth billions of rupees abroad. Their cooperation is also sought to bring back all the looted money,” PTI spokesperson Fawad Chaudhry said.

Addressing a press conference outside the PTI chief’s Bani Gala residence, the party spokesperson said, “Imran also talked about the issue with other European countries’ envoys. The matter of fact is there are several Pakistanis who remained part of past governments and now they own costly properties abroad. It’s in the best interest of the country to bring back all the public money.”

He said the PTI chairman had conveyed to the foreign envoys that his government would take stringent measures regarding money laundering.

On formation of government, he said the Election Commission of Pakistan would release official results on August 7 and afterwards the election body would give three days to independents to join any party of their choice or remain independent.

He said all the independent MNAs and MPAs, who joined the PTI, had submitted their undertakings with the party about their decision to join PTI.

The ECP, Chaudhry said, would notify returned candidates on seats reserved for women and minorities and the process would be completed by August 11.

He said that the PTI still had no reservations over recounting of votes in any constituency as was earlier offered by Imran himself.

“Recounting has so far been held in 48 constituencies and no major difference has been reported in results before and after the fresh tally,” said Chaudhry, adding that all opposition parties had the right to protest but it should only be done if the government “does not pay heed to their reservations”.

“PTI has already announced that it will support each and every party in recounting of votes in any constituency of their choice, but still the opposition is giving protest calls,” he said, reminding that the PTI didn’t conduct the polls but the ECP did, which was formed by the PML-N and the PPP.

“Fazl lost elections on two NA seats so now he is busy agitating other political parties just to receive his share,” alleged Chaudhry, adding that the PTI would soon address all the genuine reservations of the opposition.

https://tribune.com.pk/story/1773638/1-pti-seeks-uk-uae-help-recover-looted-money/

 

[TheLastGreatMan]

Stop being fixated with Nawaz and his steel mills. Besides, from my understanding, that line is already a dead duck. The UK has/will have the same info that the Pakistani authorities used to convict NS. ie He has no valid explanation for these funds. And it all started with the revelations from the Panama Papers (I'm assuming you don't know else you wouldnt be asking such nonsensical questions).

As for the rest of your post, you're just regurgitating the same post you wrote previously. And I'll point you back to the same response that I've already posted above

You are yet to show the extract from rule which says Britain will return money to other countries.There is mention of hevy penalties according to that law,so what if the property cost itself will go towards penalties? UK didn't enact this law to help Pakistan,they are using this to deter UK becoming a safe heaven for Money laundering.

 

[IMMY69]

You are yet to show the extract from rule which says Britain will return money to other countries.There is mention of hevy penalties according to that law,so what if the property cost itself will go towards penalties? UK didn't enact this law to help Pakistan,they are using this to deter UK becoming a safe heaven for Money laundering.

You are making absolutely no sense at all.

If you lived in India and stole money from Arjit in Delhi then spent that money in England.
Who does that money belong to?

 

[Yossarian]

You are yet to show the extract from rule which says Britain will return money to other countries.There is mention of hevy penalties according to that law,so what if the property cost itself will go towards penalties? UK didn't enact this law to help Pakistan,they are using this to deter UK becoming a safe heaven for Money laundering.

It's really making your life miserable, and you're obviously going nuts, by not knowing the communications that have occurred between the UK and Pakistani authorities in relation to revelations about Pakistani politicians unexplained sources of funds used to purchase properties in the UK. I can assure you that, you being an Indian, none of the above will affect you one little bit! So stop worrying. )

 

[Tusker]

How is he naive?

Laws have come in to place in the UK which allows the seizure of property bought by fraudulent funds.

The owners have to prove how they got the money to buy those properties. So far none of these crooks have been able to provide a money trail.

In that case Britain will go bankrupt given the vast resources and money that it looted from its Colonies over centuries. ( i.e if they truly apply the law in its spirit )


[MENTION=132916]Junaids[/MENTION]
You were claiming India's GDP is a result of its population in the 1000s of seats unsold thread on the cricket forum here --> http://www.pakpassion.net/ppforum/s...est-against-India/page2&p=9847203#post9847203

but you conveniently forgot to mention how Britain got ahead of the rest of the world by brazenly looting the Indian subcontinent.

 

[Savak]

Hopefully the funds stolen will be enough to wipe out our Foreign Debts and the surplus will be used for rapid development in Pakistan.

 

[hadi123]

ISLAMABAD: British Prime Minister Theresa May called Prime Minister-elect Imran Khan, the chief of the Pakistan Tehreek-e-Insaf (PTI), and congratulated him on emerging as victor in the July 25 election, said a press release issued by the party.

The British prime minister said that her government is ready to further strengthen and diversify bilateral diplomatic relations between Pakistan and the United Kingdom.

"We will give our cooperation the incoming government," she said.

Prime Minister-elect Imran Khan expressed his gratitude to the British prime minister for her warm wishes.

Both the leaders agreed that money laundering is a huge issue for the developing economies, adding that Pakistan would desire to receive assistance from the UK to minimise money laundering.

https://www.geo.tv/latest/207844-br...rees-stricter-action-against-money-laundering

 

[hadi123]

<blockquote class="twitter-tweet" data-lang="en"><p lang="en" dir="ltr">Pleased to talk to <a href="https://twitter.com/ImranKhanPTI?ref_src=twsrc%5Etfw">@ImranKhanPTI</a>, Prime Minister of Pakistan. The UK and Pakistan share deep and important links. There is plenty for our two countries to work together on, not least increasing bilateral trade and mutual security issues.</p>— Theresa May (@theresa_may) <a href="https://twitter.com/theresa_may/status/1030729217946857472?ref_src=twsrc%5Etfw">August 18, 2018</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

 

[Fahdi]

‘Looted wealth’: Accountability, justice declaration inked with UK

Law Minister Farogh Naseem and British Home Secretary Sajid Javid on Monday announced the signing of a declaration focused on justice and accountability to facilitate repatriation of “looted wealth” and assist in extraditing individuals for accountability.

“The objective of this declaration is to bring back the country’s looted wealth,” said Special Assistant to the Prime Minister on Accountability Shahzad Akbar and added that the agreement on the exchange of convicted personnel is being renewed.

The British home secretary said that the eradicating the scourge of corruption was the top priority of both nations.

Addressing a joint press conference with the law minister, Javid said, “When it comes to corrupt individuals, we have deepened our cooperation. The UK is not reluctant in helping Pakistan, there is good cooperation between the two countries.”

The law minister added that the declaration agreed to today has to be further moulded. “We have not discussed individual cases,” Naseem said, refusing to comment on the extradition of former finance minister Ishaq Dar – who is absconding from a corruption investigation, and Hassan and Hussain Nawaz – who absconded the corruption reference that sent deposed premier Nawaz Sharif in jail.

Javid added that London also wants to work together with Islamabad in the anti-terror fight and said British firms are exploring investment options in Pakistan.

“We will assist Pakistan in the education and defence projects in whatever capacity we can,” said the home secretary during his maiden visit to Pakistan.

Earlier, Foreign Minister Shah Mehmood Qureshi emphasised the need to transform Pakistan-United Kingdom ties into a strategic partnership.

Qureshi expressed the views while meeting Javid at the Foreign Office. Areas of mutual interest including regional security, counter terrorism, organised crime, migration, human trafficking, money laundering and asset recovery were also reviewed on the occasion.

Qureshi praised the UK’s Department for International Development (DFID) work in the country. The British home secretary reiterated London’s desire to support the new government in Islamabad. Both, London and Islamabad have strengthening ties under the Pakistan-UK Enhanced Strategic Dialogue.

https://tribune.com.pk/story/180534...sform-pakistan-uk-ties-strategic-partnership/

 

[Asim_khan]

Good stuff, I say that means game over PMLN, the hairless coconut's just signed your winding up order.

 

[Fahdi]

Ishaq Dar:

 

[hussain.r97]

Full Press Conference

<iframe width="560" height="315" src="https://www.youtube.com/embed/d3qpCOKWA6s" frameborder="0" allow="autoplay; encrypted-media" allowfullscreen></iframe>

 

[giri26]

Former Pakistani 'politically exposed person' arrested in UK money laundering probe

LONDON/KARACHI: Britain's National Crime Agency said on Monday it has arrested a former Pakistani 'politically exposed person' in connection with alleged money laundering in the UK believed to be a result of corruption in Pakistan.

A press release from the NCA's International Corruption Unit said it had arrested the man, in his 40s, and his wife, aged in her 30s in an investigation supported by Pakistan's National Accountability Bureau (NAB) and the Federal Investigation Agency (FIA).

The couple, who were arrested in Surrey, control a UK property portfolio worth more than £8m for which they appear to have no legitimate source of income.

The man and his wife were questioned by NCA officers and have now been released under investigation, said the press release.

Sources told Geo News correspondent Murtaza Ali Shah that the couple was arrested three days ago and kept in detention for as many as 36 hours before being released.

'Arrested person is a former public office-holder'
Special Assistant to Prime Minister on Accountability Shehzad Akbar said that the person detained today is a former public office holder, who fled from Pakistan and invested money in London.

He said that the Pakistani government was assisting the NCA from last seven days, adding that the Pakistani government will request a formal claim if the arrested person's assets are frozen by the UK government.

Akbar said that over 30 similar cases have been identified in the United Arab Emirates.

"Prime Minister will raise the issue in his Saudia Arabia visit. We want Britain-like cooperation with the United Arab Emirates," he said. "The arrest was made due to working partnership between Pakistan and United Kingdom."

The state minister said that two cars worth Rs20 million were recovered from the arrestee, adding that the man invested money in businesses in the UK.

"The money was transferred to Switzerland, USA, and UK from Pakistan via Dubai," he said.

Akbar said that the Pakistani government cannot disclose the identity of the person before the conclusion of investigations as according to the UK laws.

The development came in the backdrop of the joint press conference between Law Minister Farogh Naseem and British Home Secretary Sajid Javid held today.

Both the official figures announced that the ‘UK-Pakistan Justice and Accountability Partnership’ would work towards repatriation of illicit finances, recovery of stolen assets and putting a check on money laundering.

The British home secretary said his country would ensure that no person could escape accountability, clarifying that the initiative would be broad-based and was not mean to target individual cases only.

Javid said the new partnership would be headed by a special envoy to expand cooperation between the two sides in curbing corruption. The Director of Economic Crime Unit would be representing the British side, he added.

Asked about the quantum of money laundering, the British Secretary said both the sides reviewed their commitments on sharing evidence to prosecute the criminals.

https://www.geo.tv/latest/211527-uk...osed-person-in-money-laundering-investigation

 

[the Great Khan]

Full Press Conference

<iframe width="560" height="315" src="https://www.youtube.com/embed/d3qpCOKWA6s" frameborder="0" allow="autoplay; encrypted-media" allowfullscreen></iframe>

Very interesting press conference. I think this will sound the death knell for any skull duggery from our fat cats. I would be interested to see how MI6 handles its assets now..The UK govt may cut its losses due to Brexit and get rid of them. This may prove more beneficial..

 

[hussain.r97]

Former Pakistani Politically Exposed Person arrested in NCA investigation

Officers from the NCA’s International Corruption Unit have arrested a former Pakistani Politically Exposed Person, aged in his 40s, and his wife, aged in her 30s, in connection with alleged money laundering in the United Kingdom believed to be the result of corruption in Pakistan.

The investigation has been supported by the National Accountability Bureau and the Federal Investigation Agency in Pakistan. The couple, who were arrested in Surrey, control a UK property portfolio worth more than £8m for which they appear to have no legitimate source of income.

The man and his wife were questioned by NCA officers and have now been released under investigation.

The ICU, which is principally funded by the Department for International Development (DfID) and concentrates its resources where there is a clear link with countries that receive overseas development aid from the UK, investigates serious criminal allegations of bribery and corruption. This includes bribery committed either by a UK-based person or company to gain commercial advantage overseas, or the investigation of money laundering in the UK committed by foreign Politically Exposed Persons.

http://www.nationalcrimeagency.gov....-exposed-person-arrested-in-nca-investigation

 

[hussain.r97]

Very interesting press conference. I think this will sound the death knell for any skull duggery from our fat cats. I would be interested to see how MI6 handles its assets now..The UK govt may cut its losses due to Brexit and get rid of them. This may prove more beneficial..

Looks like we have a first victim.

 

[the Great Khan]

Looks like we have a first victim.

Yes I wonder who this individual is..any rumours yet??

 

[cric_man]

According to Geo News, Farhan Junejo former secretary to Amin Fahim
https://www.geo.tv/latest/211527-uks-nca-arrests-former-pakistani-politically-exposed-person-in-money-laundering-investigation