Re: JIT , Mulzam , Nawaz Shareef Haziir ho #ملزم_نوازشریف_حاضرہو
Sazish tou who corruption hay jo haramkhors nay kee hay. Ab sirf badbu daar hawa hay jo NS choor raha hay … aur us kay pujari sungh sungh ker pareeshan hou rahay hain (well, some ignorant amongst them are not getting worried but getting high).
According to my understanding: Yes, it is possible to have millions of pounds worth property without own name obvious. That is what these Haramkhors do … that is, to establish a company (off shore companies) in places that exists for this purpose (one of these place is PANAMA). Put money obtained from corruption, commission or outright stolen (if Zardari, this … outright stealing is one of his specialities) into these companies … using Money Laundry to move the money from home country to these off shore companies.
For instance … Pakistan gets many billions remittances … so, they buy these remittances, most of the time before remittances reach Pakistan (from money they acquired through corruption, bribes, commissions, grabbing plots and selling .. or outright stealing public wealth, etc … and send them abroad from originating country. …
Second method … is (for instance Thug Nawaz speciality) … build motorway, roads, Jangla Bus network, power plants … giving them on contract to foreign companies (sometime even to local companies) … at price 100 to 300 percent more than these projects could cost (depending on how quickly the want to get rich). This extra 100 to 300 percent, about 50 to 70 percent goes into haramkhors pocket .. foreign companies can pay them directly into their offshore companies.
Some tax evaders also use off shore companies for the purpose .. though some innocent idiots might also open a off shore companies, though there is no gain if company is not used for haram money or tax evasion.
Some Haramkhor corrupts are also ambitious (like Thug Nawaz). They are not satisfied with cash they accumulated using corruption, so they start doing business using these companies… Thus, they buy properties, shares or other investments through these companies. Hence in all their investments, front person (owner of properties, shares, bank accounts, etc) is these off shore companies … while they are beneficial owners (because whatever company have, is theirs … and their signature for all purpose is used just like they are company themselves).
For instance … Mayfair flats: British land registry would have record of these flats … but owners would be off shore companies … and NS or his kids would be owner as they are owner of these companies … but these companies are registered in Panama … so, British land registry would not know their name … but … but … British land registry would know who is the owner … as they would have signature of the owners with name … hence, if British land registry decides, they can reveal the names of the owner.
Obviously, British land registry would have to know the name, address and signature of the person owning these off shore companies that hold properties in UK. Because … for instance, if NS sells his flat to me… it would be his offshore company that would sell the flat to me … but for land registry to transfer that flat to me from the name of offshore company, they have to know who owns that offshore companies and whose name, address and signature should be taken as owner …
So … yea, one can have property in UK without his name as direct owner (property would be held in the name of off shore company) … but regardless, British registry would know the name, address and signature of beneficial owner.
I hope, it would help you understand how Haramkhors work and buy properties in UK (or anywhere in the world).