Conclusions: Panama JIT Report PDF – Download Full JIT Report PDF – JIT Panama Case Report full
Ms. Marvam Safdar has submitted fake’ falsified documents to the JIT, which is a criminal offence. These documents are decoys to manipulate facts and camouflage truth.Mr. Hussain Nawaz and Capt (R) Safdar as well as Ms Maryam safdar have also signed these falsified and misleading documents. Mr Hasan Nawaz Sharif, having submitted these documents as Respondent No. 8 is also prima facie involved in manipulating and misleading the Honorable Supreme Court of Pakistan.
All Volumes of JIT Report Full Download in PDF
Vol – I (Final Investigation Report By Joint Investigation Team)
Vol – II (Statements of Witnesses & Analysis)
Vol – III (Gulf Steel)
Vol – IV (Ownership of Avenfield Apartments)
Vol – IX (Assets Beyond Means – MNS)
Vol – IX A (Assets Beyond Means – Other Respondents)
Vol – V (Qatari Letters)
Vol – VI (Hill Metal & Gifts)
Vol – VII (flagship)
Vol – VIII (NAB & FIA)
Vol – VIII A (Hudabiya Mills)
Panama JIT Report PDF – Download Full JIT Report PDF – JIT Panama Case Report
Detailed financial analysis of these companies from the record made available to the JIT is at Annex II:‑
- The companies, wherein respondents were acting as share holders/directors/beneficial owners are primarily family owned businesses. These companies were mainly incorporated in 1980s and 1990s when respondent number 1 was holding public office.
- The respondents being shareholders injected nominal capital as seed money and these companies were mainly entrusted with borrowed funds from battle/financial institutions/ foreign financial institutions or foreign incorporated special purpose vehicles.
- The companies also borrowed funds at inception stages and rolled over funds with other facilities. Foreign currency funds were generated to install plants and machinery. However, going forward, majority of the companies were either non‑ operational or were not functioning at the maximum capacity and were in loss……. having negative equity. Such companies included Mohammad Buksh Textile Mills Limited, Hudaibya Paper Mills Limited Hudaibya Engineering Company Private Limited, Hamza Board Mills Limited, Mehran Ramzan Textile Mills Limited.
- Due to weak performance and in absence to accumulated or operational profits,dividends were not declared except in few years. These companies are mainly loss making units and almost last twenty year no significant turnaround was observed.
As per the afore-stated detailed analysis, significant gap / disparity among the known and declared sources of income and the wealth accumulated by the Respondent No. 1, 6, 7 and 8 have been observed. The financial structure and health of companies in Pakistan…