I just came across this write up found on Chowk published on November 7th 2007, its definitely worth reading.
Re: How Citibank Laundered Asif Zardari’s Money
disgustingly the very same person is in power in Pakistan, its real shame for our poor nation. they flout the law and then talking about restoring judges !!!
Re: How Citibank Laundered Asif Zardari’s Money
And Guess what, Shortcut Aziz was his banker at Citibank..
Well, I think you have not read the report and pasted the link here. Shaukat Aziz was never banker of Zardari or any corrupt in City Bank. Actually, Shaukat Aziz was never involved with Private Banking branch of City Bank to deal with Zardari or any individual having account in City Bank. I think that you should accuse a person not on perception or own speculation but only if you have knowledge of it. Please read carefully the report you yourself referred:
From ‘Chowk’ site (you posted): Although Citibank, under Shaukat Aziz’s leadership (from May 1997 to October 1999) and his successors’ has done much to tighten controls, it was beset by numerous scandals during the 1990s.
**Well, you can read the actual American Senate report from their own site (from where ‘Chock’ got their abstract): **From the site of American Senate with report, you will find how Shaukat Aziz as head of City Bank cleaned City bank from corrupt accounts. Here is abstract from American Senate report on corrupts using American banks to launder their corrupt money and how Shaukat Aziz cleaned City Bank from their corrupt accounts (bank investigated was City Bank): Abstract (related to Shaukat Aziz role in City Bank and his work in cleaning City Bank from corrupt accounts):
http://www.hsgac.senate.gov/110999_report.htm
**Senior Bank Management Oversight. **Poor audit results, ongoing regulatory reviews, and the Salinas and Zardari scandals elevated the private bank’s problems to the attention of Citibank’s senior management. The Chairman of the Audit Committee of Citibank’s Board of Directors, Robert Shapiro, an outside director who is also chief executive officer of Monsanto, told the Subcommittee staff that, during his tenure as committee chairman from 1996 until 1998, the private bank became one of a handful of issues he focused on. He said that he was troubled not only by the repeated low audit scores, but also by the private bank’s repeated failure to meet deadlines for corrective action. He said that he personally talked to Citicorp’s CEO John Reed about the need to take action. He said that Mr. Reed responded by taking a personal interest in addressing the private bank problems.
Among other actions, in May 1997, Mr. Reed replaced the head of the private bank. He selected Shaukat Aziz, a longtime Citibank executive not previously associated with the private bank. He told the Subcommittee staff that he charged Mr. Aziz with improving what Mr. Reed called the private bank’s “lousy audits.” He indicated that he also asked Mr. Aziz to review the private bank’s handling of public figures accounts, and to initiate the “fundamental review” of the private bank requested by bank regulators. In a November 1997 letter to the Board of Directors, Mr. Reed wrote the following:
“I spent a day being interviewed by the Department of Justice on the Salinas affair. As a legal issue, I continue to think that we are on very solid ground. However, I am more than ever convinced that we have to rethink and reposition the Private Banking business. … Much of our practice that used to make good sense is now a liability. We live in a world where we have to worry about ‘how someone made his/her money’ which did not used to be an issue. Much that we had done to keep Private Banking private becomes ‘wrong’ in the current environment. The business itself is very highly attractive and there is no reason why we cannot pursue it in a sound way but it will take an adjustment.” [CS7463]
That adjustment apparently has not been a smooth one and is still underway. In July 1998, Mr. Aziz presented a new private bank strategy to the Citibank Audit Committee, recommending among other measures that the bank move away from “secrecy” and instead emphasize producing good investment returns for its clients. He also recommended taking steps to change the private bank’s culture of lax internal controls. These controls were a sensitive matter throughout 1998, not only because of the Carlos Gomez fraud in January, but also because, in May 1998, ten days after Citibank had agreed to purchase Banca Confia in Mexico, that Mexican bank was indicted by the United States Justice Department for engaging in money laundering.
After receiving approval of the Audit Committee and senior bank management of the proposed 1998 strategy, Mr. Aziz began making personnel changes at the private bank, including firing a longtime senior manager in Switzerland, Phillipe Holderbeke, and altering the private bank’s leadership team. On the issue of public figure accounts, in late 1998 and early 1999, over the objection of some longterm private bank employees, he ordered a number of longstanding public figure accounts to be closed.
In October 1999, after accepting an appointment as finance minister of Pakistan, his home country, Mr. Aziz left the private bank. He was replaced by Todd Thomson, a former Travelers Group executive.
Re: How Citibank Laundered Asif Zardari’s Money
Hmm, who to believe. A report from the US Senate, or some random people on an internet forum who make childish names for people they dislike?
Re: How Citibank Laundered Asif Zardari’s Money
The chowk website article documented Shaukat Aziz's role very well, in case you bothered to read it. I wouldnt worry too much about Saleem's post, he was forgetting his own pml[q] 175 seat prediction, and when I finally quoted that, he came up with some laughable excuse.
Have any cases been filed against Citibank for laundering Great Zardari's money? If yes, what was the outcome? :)
Have any cases been filed against Citibank for laundering Great Zardari's money? If yes, what was the outcome? :)
Why will there be a case, uncle mush and shortcut parachute got their 10% for helping him out, and they even give him a little kiss in the form of the NRO.
The chowk website article documented Shaukat Aziz's role very well, in case you bothered to read it. I wouldnt worry too much about Saleem's post, he was forgetting his own pml[q] 175 seat prediction, and when I finally quoted that, he came up with some laughable excuse.
No it doesn't. It cites no evidence saying that Shaukat Aziz was responsible for laundering any body's money. If such a think were true, Shaukat Aziz would have been charged with this crime in the US long ago.
No it doesn't. It cites no evidence saying that Shaukat Aziz was responsible for laundering any body's money. If such a think were true, Shaukat Aziz would have been charged with this crime in the US long ago.
Since when did great US start caring about Zardari's money laundering?
The question remains - Have any cases been filed against Citibank for laundering Great Zardari's money? If yes, what was the outcome? :)
Since when did great US start caring about Zardari's money laundering?
They don't care about Zardari or Nawaz, they do care about their banks and it's employees engaging in illegal activities. So tell me why no charges wee filled?
Re: How Citibank Laundered Asif Zardari’s Money
They don't, plenty of criminals get away with such crap, don't look at their system as being ideal and fool proof, because plenty of people who either get caught after decades, or dont get caught at all.
What do you have to say about his very own party, i.e. the lota league calling for a full investigation against him. His role in the steel mills, and other such examples, buying lavish farmhouses worth squats is already on file.
The question remains - Have any cases been filed against Citibank for laundering Great Zardari's money? If yes, what was the outcome? :)
Have any cases being filed against great Zardari, oops, does the NRO count?
Spock bhaijan. So basically, you are saying, that despite the ‘alleged’ proof that you seem to be so adamant about, no cases have been filed against Citibank for allegedly laundering Great Zardari’s money. Carry on. 
They don't, plenty of criminals get away with such crap, don't look at their system as being ideal and fool proof, because plenty of people who either get caught after decades, or dont get caught at all.
What do you have to say about his very own party, i.e. the lota league calling for a full investigation against him. His role in the steel mills, and other such examples, buying lavish farmhouses worth squats is already on file.
Money laundering is not taking lightly in the US. Such a large scam from a top officer of a bank would never just disappear.
And why hasn't the PML-Q or some other group not filed a case against him in court?
spock is a legend.
The chowk website article documented Shaukat Aziz's role very well, in case you bothered to read it. I wouldnt worry too much about Saleem's post, he was forgetting his own pml[q] 175 seat prediction, and when I finally quoted that, he came up with some laughable excuse.
You are right that 'Chowk website' documented Shaukat Aziz's role very well. But it seems that you misunderstood what 'Chowk website' wrote.
What 'Chowk website' has put on site is with reference to what is there in Senate report. Further, 'Chowk' did not write that Shaukat Aziz helped Asif Ali Zardari or any corrupt using City Bank to lauder their money. Contrarily, Chowk wrote that Shaukat Aziz cleaned City Bank in late 90s from what was going on in City Bank during early 90s. (Yani, City Bank may jou corruption kee gand thee Shaukat Aziz nay uss kee safaee kee). Why don't you read and try to understand what is written on 'Choak' site. For your ease I am pasting it here again. If you could not understand what it means, please ask someone who can translate for you.
From 'Chowk' site (you posted): Although Citibank, under Shaukat Aziz's leadership (from May 1997 to October 1999) and his successors' has done much to tighten controls, it was beset by numerous scandals during the 1990s.
When this malpractices (Scandals) were going on?
City Bank 'was beset by numerous scandals during the 1990s' = City Bank was ploughed by numerous scandals during 1990s ... or City bank was involved with lot of Scandals during 1990s ...
What Shaukat Aziz did?
Shaukat Aziz cleaned City Bank between May 1997 and Oct 1999. 'has done much to tighten controls' means 'has done a lot to clean whatever malpractices were going on in city bank'.
Money laundering is not taking lightly in the US. Such a large scam from a top officer of a bank would never just disappear.
Only to a fob who thinks that things here run perfectly here.
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And why hasn't the PML-Q or some other group not filed a case against him in court?
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Why will they, they arent in power anymore, plus their top leadership has accused him of massive fraud, corruption, what more do we need. Shortcut Aziz was nothing more than a manipulating chor who didnt even have a Pakistani ID card, and was 'imported' based on this.
Aalsi, why has Musharraf withdrwan all cases of corruption, laundering, murder against great Zardari? Does that mean great Zardari is a darling angel?
Only to a fob who thinks that things here run perfectly here.
Back to immature name calling I see as you have no argument. Things running perfectly is a big difference from accusing a top US bank of money laundering. Do you know what happened to BCCI and it wasn't even an American bank?
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Why will they, they arent in power anymore, plus their top leadership has accused him of massive fraud, corruption, what more do we need. Shortcut Aziz was nothing more than a manipulating chor who didnt even have a Pakistani ID card, and was 'imported' based on this.
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If they, or anyone else has proof, bring it to the courts.