Re: IK involved in money laundering: Kh Asif
dont you think, it took too long in auditing. 7 months are too much.
I don't know about their financial year, if it is January to December, then yes it is too late, normally the audited statements are out by end of 1st quarter, but if the financial year is March to April, or May to June, then it is no big deal, although should be there by end of this month...
Re: IK involved in money laundering: Kh Asif
lol. I personally like IK, but it does not mean I could ignore his wrong doing. I hope he will clean out from this mess.
He has already cleaned the mess in his press conference
Re: IK involved in money laundering: Kh Asif
I don't know about their financial year, if it is January to December, then yes it is too late, normally the audited statements are out by end of 1st quarter, but if the financial year is March to April, or May to June, then it is no big deal, although should be there by end of this month...
this.
He has already cleaned the mess in his press conference
I watched his , and he was saying that it was under audit. I totally forgot whole financial year concept.
thank you hanibal. :)
Re: IK involved in money laundering: Kh Asif
^^ Thats what you think, it is just started....
Can he explain the role of the person ( just missed his name) he is in the board of trusties and same time is the CEO of the company where the money is invested??? isn't this called related party interest??? and is not a bad practice, if not a corrupt one??? if all the trusties will start funding their own projects from the endowment fund, then be ready for another Taj Company scam...
Re: IK involved in money laundering: Kh Asif
BTW this guy (again missed his name) provided some guarantee? what kind of guarantee were they???? bank guarantee? land? or personal guarantee???
Re: IK involved in money laundering: Kh Asif
Institutions like Harvard and Standord also incurred losses on their endowment funds' investment during the time of recession. Has it happened first time ever in the known history of mankind?
Re: IK involved in money laundering: Kh Asif
Institutions like Harvard and Standord also incurred losses on their endowment funds' investment during the time of recession. Has it happened first time ever in the known history of mankind?
No it is not the 1st time, but have a guy from trusties, getting the fund investing in his vested interest? how would laws will look at this in US and UK??? say tomorrow, some other guy from the trusties will provide a personal garantee on his personal letter head and ask for investment in his company or venture or project, is it good practice?
Re: IK involved in money laundering: Kh Asif
balance sheet of 2011 is missing on shoukat khanam website
The financial year 2011-2012 has just ended, it should be there in 2 -3 months.
Re: IK involved in money laundering: Kh Asif
No it is not the 1st time, but have a guy from trusties, getting the fund investing in his vested interest? how would laws will look at this in US and UK??? say tomorrow, some other guy from the trusties will provide a personal garantee on his personal letter head and ask for investment in his company or venture or project, is it good practice?
No it may not be a good idea. But what it has to do with IK? He is not a member of the endowment fund committee.
Re: IK involved in money laundering: Kh Asif
Such allegations and hundreds others have been brought up against PPP and PMLN and Altaf chachu n all… how many of them have refuted the allegations with actual evidence? How many have cleared their assets for all to see? How many will take up the challenge to drag you to court if you are indeed making false allegations?
Agar Imran Khan ko log benefit of doubt de rahe hain to uske obvious reasons hain. Baki retards tau proven daku hain, unhein kya benefit of doubt dena.
Re: IK involved in money laundering: Kh Asif
Don’t worry … I think the fiasco will increase the zakat for skmh … For sure …
Re: IK involved in money laundering: Kh Asif
What else should be their in PTI dominant forum, people of other party are called GAY, and almost every other names, and some mods here are trying hard to continue with the one liner reminding me of a Jahil political worker, who raise a slogan either in favor of his political leader or against his opponent leader...
**Agreed. But I don't see the video of press conference of Kh Asif. Is it possible that complete video of press conference should also be posted here to see what he said, and what proof he provided to media? No nirala is willing to post and discuss that.
According to IK, the endowment fund forms 35% of total chandah collected and come from overseas Pakistanis. I don't understand that how the board approved this investment without the knowledge and approval of IK? He also said that investment was guaranteed by who so ever spent it. Suppose that guarantor can not provide the lost money, how IK will defend this irregularity or from where he will recoup this used chandah money in foreign exchange? If this happens, overseas Pakistanis will think zillions times before sending chandah to IK.
Where is AP? I thought his apprehensions about misuse of chandah money was speculation. I hope he is not restricted again. Will some one with authority confirm that? Thanks.**
Re: IK involved in money laundering: Kh Asif
...
As far as the allegation is concerned, earlier it was IK who was throwing stones left right and center, now it is PML-N who have decided to return the favor, it is dirty business, in Pakistan no party try to propagate their agenda, all of them depends on the mud-slugging, IK started it, doing it for last 3/4 years, and now when it matters the most, PML-N have played their cards...
...
Peace hanibal
You know IK only iterated what was already common knowledge resulting from media and official enquires ... He did not invent any new matter about them ... The reverse is true ... IK may have made use of the bad press the others already had gained, but for sure he did not concoct bad press about them, but they are concocting bad press on him ...
Re: IK involved in money laundering: Kh Asif
Interesting to note that most people are dismissing these allegations. If any of these had been against PPP, all hell would have broken loose.
Because the PPP has a history of corruption. Even the Swiss courts have stated that.
Re: IK involved in money laundering: Kh Asif
No it is not the 1st time, but have a guy from trusties, getting the fund investing in his vested interest? how would laws will look at this in US and UK??? say tomorrow, some other guy from the trusties will provide a personal garantee on his personal letter head and ask for investment in his company or venture or project, is it good practice?
You are getting carried away with assumption and drawing speculative conclusions based on those assumptions ... For one thing I don't think the endowment fund was raising money for his campaign ... It was trying to generate revenue for the hospital through that process, like an investment would do ...
Re: IK involved in money laundering: Kh Asif
No it is not the 1st time, but have a guy from trusties, getting the fund investing in his vested interest? how would laws will look at this in US and UK??? say tomorrow, some other guy from the trusties will provide a personal garantee on his personal letter head and ask for investment in his company or venture or project, is it good practice?
This is called innovative way of corruption. :)
Re: IK involved in money laundering: Kh Asif
No it may not be a good idea. But what it has to do with IK? He is not a member of the endowment fund committee.
if he is not, then he should take a chill pill, issue a single line statement saying that he is not involved in decision making process of the endowment fund... why trying to defend it????
Re: IK involved in money laundering: Kh Asif
You are getting carried away with assumption and drawing speculative conclusions based on those assumptions ... For one thing I don't think the endowment fund was raising money for his campaign ... It was trying to generate revenue for the hospital through that process, like an investment would do ...
buddy! i guess your blind faith in him is making you feel that anyone who says that there are irregularities are getting carried away!!!
why a trustee of the board get to invest money in his project??? in simple terms, the investment decision should be impartial and looking at the proceedings ( and strangely none of the defenders of the IK is coming to it) why VI vehicle is formed? why member of the board get the money invested in his venture called sugarland something and that is only on personal guarantee??? was it the personal money of the endowment or was it public money???
yeah i am getting carried away how come a messiah can be asked such thing, IK said he is clean, so lets believe him, after all it is word from god
Re: IK involved in money laundering: Kh Asif
IK ko log benefit of doubt nahi day rahay blind followers uss ke paa bazi key kasam kha rahay hain, bilkul aisay he jaisay dosri party kay devta’yooN ket kasam un kay pujari uThatay hain
i raised few concerns can u answer them…
Re: IK involved in money laundering: Kh Asif
buddy! i guess your blind faith in him is making you feel that anyone who says that there are irregularities are getting carried away!!!
why a trustee of the board get to invest money in his project??? in simple terms, the investment decision should be impartial and looking at the proceedings ( and strangely none of the defenders of the IK is coming to it) why VI vehicle is formed? why member of the board get the money invested in his venture called sugarland something and that is only on personal guarantee??? was it the personal money of the endowment or was it public money???
yeah i am getting carried away how come a messiah can be asked such thing, IK said he is clean, so lets believe him, after all it is word from god
Hanibal
It is the way of justice to give people the benefit of the doubt, he had a chance to explain the anomalies and he gave a convincing argument ... That should enough to satisfy the people, unless there is proof against his words ... By a credible witness who has no vested interest in seeing him stitched up ... Then let that person come forward ...