Imran Khan's interview with Najam Sethi

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Re: Imran Khan’s interview with Najam Sethi

@yazdi

You are putting things out of context. Money was not returned after several years of dead investment (at least 5-6 years now). SKMH has no bank guarantee. Company belonging to one of the members of the board who were responsible for making decisions regarding the investment is in dire straits according to my information. I personally knew another member of this board who died last year (hint a very tall gentleman from Karachi).. who told IK that the investment was gone more than 2 years ago. All these board members were personally selected by Imran Khan.. so he has to take responsibility.

Investment in a company belonging to one of the board members should not have been made (conflict of interest).. specially without securing any reliable (bank guarantee).. just on a worthless piece of paper (personal guarantee)..

I don’t doubt IK’s intentions.. he has proven his credibility by offering to sell his Zaman Park residence to settle this investment. I have no doubt that IK will do that if the investment does not come back in one year. Mark my word today that he will have to settle this liability from his own resources eventually. IK has no experience in running institutions and has no exposure of handling formalized investments.

P.S. The whole affair exposes emotional side of IK and his limitations to make analytical decisions. (hint) IK was fully involved when this investment decision was being made despite most of the board did not want to do this investment.

At the end of the day, worst case is that it was bad investment which obviously should be avoided in future but don’t forget that so called CLEAN politician like Khwaja Asif accused Imran Khan of investing this for personal benefits. He accused Imran of laundering zakaat money to buy investments for PERSONAL gains and may such serious allegations.
Lastly, all this information was taken from an audit report made available by SKMH online which obviously shows the transparency.
I can’t know about your allegation that Imran went ahead with this investment even though the most board members were was against this investment as Imran just yesterday said that he was NOT aware of this investment initially but he was briefed about it later so either Imran is lying or your information is wrong.